EBay Mulling Skype Sale 82
MaineCoasts writes "The Financial Times reports that eBay's new CEO is evaluating a sale of Skype if new ways cannot be found for the fast-growing service to support its core e-commerce business. EBay reported earlier this week that Skype had a 61 percent increase in first-quarter revenue over the same quarter last year and now has 309 million users worldwide."
Retarded CEOs (Score:5, Interesting)
Let's get this straight. You have a thriving subsidiary with strong growth but it isn't sufficiently enmeshed with your core business to make you happy as the CEO or eBay. Your options are to:
It seems to me like this guy is looking to bail out on eBay in the next couple of years and wants to have a successful divestiture to feather his cap. This is typical of the sort of short sighted bullshit that publicly traded American companies go through nowadays because the overpaid people running them don't care about anything other than their own career track.
total failure (Score:4, Interesting)
The day eBay bought Skype their share price went through the floor. It has never recovered.
Just as well Meg Whitman is already leaving, they really should have fired her a long time ago.
Re:No way ... (Score:5, Interesting)