Skoll's EBay Era
In 1996 Skoll met eBay's founder Pierre Omidyar who hired him as the company's first president and first full-time employee. While eBay was already profitable at the time Skoll joined, he wrote the business plan that eBay followed from its emergence as a start-up to a great success. He remained President until the arrival of Meg Whitman in January 1998 when he became Vice President, Strategic Planning and Analysis until back problems necessitated his departure from full-time employment at the company. In 1998, he championed the creation of the eBay Foundation which was allocated pre-IPO stock now worth $32 million. Once eBay's second largest stockholder, behind Omidyar, he subsequently cashed out a portion of his company holdings, yielding him around $2 billion.
Read more about this topic: Jeffrey Skoll
Famous quotes containing the word era:
“The lover of nature is he whose inward and outward senses are still truly adjusted to each other; who has retained the spirit of infancy even into the era of manhood.”
—Ralph Waldo Emerson (1803–1882)