EBay taps Walmart executive Iannone as CEO

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EBay on Monday named Walmart executive Jamie Iannone as its top boss, handing over the reins to an outsider as the e-commerce firm deals with pressure from activist investor Starboard Value to shake up its management. The appointment comes nearly a month after Starboard, which owns more than 1% of eBay’s stock, said it plans to install four directors on eBay’s 14-member board and wanted the company to appoint an outsider as its permanent chief executive.

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