first day, the site crashed for eight hours. She believed the site to be confusing and began by building a new executive team. Whitman organized the company by splitting it into 23 business categories. She then assigned executives to each, including some 35,000 subcategories. In 2002, soon after its initial public offering, PayPal became a wholly owned subsidiary of eBay valued at $1.5 billion. In 2004, Whitman made several key changes in her management team. Jeff Jordan took over PayPal, Matt Bannick took over international operations, and Bill Cobb took over U.S. operations, which has the colorful U.S. logo, while each international site has unique branding. Whitman picked John J. Donahoe for eBay in March 2005 as president of eBay Marketplaces, responsible for all elements of eBay's global ecommerce businesses. During Whitman's tenure as CEO, eBay completed the purchase of Skype for $4.1B in cash and stock in September 2005. eBay later admitted that it had overpaid and, in 2009, eBay sold Skype to a group of investors led by Silver Lake Partners at a valuation of $2.75B. In 2011, after the first papers were filed for a possible IPO, Microsoft purchased Skype for US$8.5B. In June 2007, while preparing for an interview with Reuters, Whitman allegedly shoved her subordinate, communications employee Young Mi Kim. Of the incident, Whitman related, "In any high-pressure working environment, tensions can surface." Kim also stated, "Yes, we had an unfortunate incident, but we resolved it in a way that speaks well for her and for eBay." The matter was resolved after a $200,000 settlement. Whitman resigned as CEO of eBay in November 2007, but remained on the board and served as an advisor to new CEO John Donahoe until late 2008. She was inducted into the U.S. Business Hall of Fame in 2008. "I've said for some time that 10 years is roughly the right time to stay at the helm at a company like ours", she said in an interview with the San Francisco Chronicle, adding that "it's time for new leadership, a new perspective and a new vision." Whitman has received numerous awards and accolades for her work at eBay. On more than one occasion, she was named among the top five most powerful women by Fortune magazine. Harvard Business Review named her the eighth-best-performing CEO of the past decade and the Financial Times named her as one of the 50 faces