Q&A with eBay's CEO, Meg Whitman
The head of eBay explains how it keeps growing by paying special attention to users' needs. Five years after she joined eBay as chief executive, Margaret "Meg" Whitman is scarcely seeing any slowdown in the online auctioneer's growth. Its profits last year soared 176%, to $249 million, on a 62% sales jump, to $1.2 billion. And despite the moribund economy and war in Iraq, it's expected to log $1.9 billion in sales this year, a 60% rise. The reason: The former Walt Disney and Hasbro executive has kept eBay focused on what it does best: Using its global marketplace to bring efficiencies to inefficient markets such as used, collectible, and overstocked goods. While eBay remains largely a place for small businesses and individuals to sell their wares, it's increasingly attracting the likes of Sears Roebuck, IBM, and Disney. Recently, Whitman talked with BusinessWeek Silicon Valley Bureau Chief Robert D. Hof about how eBay aims to make itself and its marketplace even more efficient. [Interview: Q&A with eBay's Meg Whitman - BusinessWeek]
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