eBay CEO to Retire

After spending a decade as CEO of eBay Inc., Meg Whitman is preparing to retire. According to The Wall Street Journal, Whitman is working on a plan of succession, and a decision about her departure could be made within weeks. According to the paper, John Donahoe, head of eBay's auction business unit, is her most likely successor. When Whitman joined eBay in 1998, the company had revenues of $86 million that year, compared to $5.97 billion in revenues in 2007. However, the company's auction business has experienced slowing growth rates for the past few years.