The rise of Bob Swan, who went from leading a notorious dot-com bust to becoming the new CEO of Intel (INTC)

However, Webvan’s costs far outpaced its revenue, and it quickly burned through all of its cash. By April 2001, Webvan CEO George Shaheen resigned, and Swan was named the new chief exec.

George Shaheen
AP

Four months later, the company filed for bankruptcy and was forced to let go of its remaining 2,000 employees. The company’s assets were sold to Amazon. All told, Webvan was only in operation for three years.

Screen grab from Webvan

Powered by WPeMatico

Antiques

AdSense