Edge Management

In an expected leadership switch Meg Whitman, current CEO of eBay will be stepping down at the end of March. This move was expected as Whitman and voiced at her inauguration that she didn’t think a CEO should stay for more than 10 years at one company. It was the fact that eBay expects disappointing guidance in 2008 that made the stock fall 5 percent in after-hours trading.

EBay announced Wednesday that, as expected, CEO Meg Whitman will be stepping down on March 31st.

The company also reported fourth-quarter results that exceeded Wall Street’s estimates but eBay issued disappointing guidance for the first quarter and all of 2008. The stock fell 5 percent after-hours on the news.

Whitman’s decision to step down was expected. This March will mark her ten-year anniversary at eBay, and she has said that a CEO should not stay in his or her post longer than ten years.

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