Executives at Yahoo and eBay have left for new ground. Yahoo and eBay were once the places to go for executives. During the 1990’s both companies went public, which helped increase the desire for some top level employees to seek employment at the two companies. However, with Yahoo and eBay becoming mature companies these top level employees are no longer fighting to get in the door.
Part of the draw for Mr. Solomon who left in January 2006 was to go to a smaller environment where there is a bigger impact. At corporations like Yahoo and eBay it is now harder to control destiny. Yahoo also lost Geoff Ralston in 2006. He was the chief product officer at the company. Yahoo lost more than two executives in 2006, and eBay was not far behind.
For executives working at Yahoo and eBay there are little incentives to stay. Financially both companies are no longer offering competitive rates. Part of the problem has been a loss in shares. EBay stock declined 42 percent and Yahoo 20 percent in the last year. For a company that can become a ripe target for buyout executives don’t usually want to hang around. At the time the executives began working at these companies they had lots of room to grow. Competition had not overstepped their ideas. However, with Yahoo, Google started to climb quicker and they have remained on the top. Employees will continue to job ship for newer companies in order to progress in their work.