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Report: Buy.com's Grover, Giraudi Stepping Down

Neel Grover, the CEO of Aliso Viejo-based Buy.com, along with COO Greg Giraudi are stepping down on September 1st, according to an internal note published by TechCrunch. Buy.com, which was acquired by Rakuten in 2010, has not publicly announced the move, but the note from Grover said that he will remain on the company's board. No reasons for the move were given, however, the two said in the note they will be "pursuing some other professional interests" and board seats.