Insider Selling: eBay SVP Sells 30,416 Shares of Stock

There are 9 comments on the Daily Political story from Aug 30, 2013, titled Insider Selling: eBay SVP Sells 30,416 Shares of Stock. In it, Daily Political reports that:

The shares were sold at an average price of $51.15, for a total transaction of $1,555,778.40.

Join the discussion below, or Read more at Daily Political.

NetWatch

Houston, TX

#1 Aug 31, 2013
The amoral "law unto itself" entity that ebay has become can be traced back to John Donahoe becoming CEO around early 2008 and the introduction of the DSRs and a number of other egregious policies: PayPal holds of whatever length, seller limitations, forcing sellers to only take PayPal (or at least not allowing them to announce that they can and will accept money orders), the fee hikes of course, Guardrail or Quick Decline and trending. All of this has combined (by design) to create a hostile environment of fear and distrust for small sellers at ebay. All of it combines to drive small sellers off through restrictions and suspensions or because they wake up to what is going on and leave by choice. Because of the nature of predatory capitalism, ebay survives and thrives because there do not appear to be outside mechanisms (SEC, FTC, Attorney General's offices, Senators, Congressmen) reacting to the illegalities being perpetrated by ebay. Are they blind to it, unaware of it, or "bought off". I lean toward a combination of the three, which is why a good investigative report by some major television network may be needed to really get the ball rolling in terms of exposing ebay publically and getting a real investigation into by authorities capable of doing something about it. I personally lean toward a House/Senate Committee Investigation of ebay (televised of course) along the lines of the Watergate Hearings or the Clarence Thomas hearings. If dozens and dozens of sellers who have suffered unjustly from ebay could testify before government officials UNDER OATH factually and truthfully this would be DAMNING to ebay. The further grilling of ebay top brass as they attempt to justify their egregious actions would be the icing on the cake. I urge anyone reading this to write to your Congressman or Senator in Washington DC (you can Google contact info), state your case accurately, and request an investigation into ebay. Snail mail still works better for OFFICIAL matters, but don't hesitate to email or call their 800 numbers as well.

Since: Nov 12

Davao, Philippines

#4 Sep 14, 2013
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Backlash

Sachse, TX

#5 Sep 27, 2013

Since: Nov 12

Davao, Philippines

#6 Sep 28, 2013
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FiveandDime

United States

#7 Sep 30, 2013
This from an online discussion thread about EBAY: gopetersen wrote:

ďAre you familiar with or have you heard of forensic auditors?Ē(gideon13)

"Yes, I am. But you need subpoenas and warrants to get at the information, and just cause to get the warrants, and the time frame of the warrants is quite limited, which makes it very difficult to investigate this kind of complex paper trail.

The software is even harder to track than the paper trail. Software evolves and doesnít always leave a trail.
Also, multinational companies tend to move their headquarters offshore if they get nervous about investigations.
Iíve personally seen corporate executives get together and concoct the story that they will tell in court (so the stories are all the same).
I have seen them select a ďfall guyĒ and all point the finger at someone who was blameless.
I have personnally seen execs perjure themselves in court. I was shocked, actually, at how easily they told bald-faced lies. I thought, at least in court, they would be nervous about lying.
It can be done, but itís not easy, and it costs money.
Thanx for your examples. You have raised, of course, the very terrifying spectre that ebay may be enjoying a sort of invincibility and will do whatever it has to do to maintain that invincibilty (or immunity from prosecution, if you will). Thatís the most frightening thing Iíve read recently.
Sep 29, 2013 10:43p"
Sammy

Kingston, NY

#10 Oct 25, 2013
The Netherlands = Ebay Hideout
LegalPossibiliti es

United States

#12 Nov 25, 2013
Ebay stock dropped to $48.55 this morning, 11/25/13...

Since: Nov 13

Sydney, Australia

#15 Dec 5, 2013
Regardless, shill bidding fraud is endemic on most nominal-start auctions by professional sellers on eBay, and eBay Inc. is demonstrably the greatest knowing and calculated facilitator of such fraud on consumers that the world is ever likely to know, and I expect there will be a trickle down effect to all other eBay operations ...

The ugly reality of eBay Inc.:
eBay's crooked auctions marketplace ... http://bit.ly/11F2eas
eBay Motors: Auction Fraud Galore Ö http://bit.ly/I2gTEU
eBay's clunky, unscrupulous "PreyPal" ... http://bit.ly/UVXx53
The ongoing joke of eBay Inc.... http://bit.ly/YvxFEg
Fun quotes from the eBay executive suite ... http://bit.ly/12xvzyA

Since: Nov 12

Davao City, Philippines

#17 Dec 7, 2013
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