Wenig, who had been CEO for over four years, said conflicts with eBay’s new board—which added three members earlier this year following investments from Elliott Management and Starboard Value—had led to his resignation. Chief financial officer Scott Schenkel will serve as interim CEO. (The Logic)

Talking point: Elliott and Starboard have a plan to transform eBay in the face of stiff competition from online retailers including Amazon and Shopify. In January, they urged eBay to sell StubHub, its ticket-reselling division, as well as its classified ad business. In response to the pressure, eBay announced a review in March to look at selling those divisions, as well as a broader strategic review of its business, which it plans to release in the fall. The big-picture goal is to help eBay start growing again. Its value has hovered around US$32 billion for at least the past four years. Wenig is the latest in a series of high-level departures since the hedge funds started turning up the heat. In May, chief technology officer Steve Fisher departed, and Laura Chambers, vice-president of transportation and consumer selling, took a job with Airbnb in July.