San Jose, Calif. - Days after reports surfaced that she would retire, Meg Whitman, the president and CEO of eBay (NASD: EBAY), made it official, saying that she plans to step down on March 31. She will be replaced by John Donahoe, who joined eBay in 2005 following six years as the worldwide managing director of Bain & Company.

New York - The International Academy of Digital Arts and Sciences on Tuesday announced the winners of the 11th annual Webby Awards, which included lifetime achievement awards bestowed on David Bowie and eBay founder Meg Whitman, and People of the Year awards for YouTube co-founders Steve Chen and Chad Hurley.