Stone, Brad. [58] Coverage and analysis has blamed this failure on the concept itself,[59] and failures of leadership from Whitman due to her lack of experience in the industry of the company she is running. Whitman has an annual salary of $2.19 million, but thanks to her ownership "[129], During the 2010 California gubernatorial election, Whitman supported California's Proposition 8, which reversed In re Marriage Cases and defined marriage as a union between one man and one woman in the state. Whitman retired from eBay in 2008. warehouse, no sales staff, just a brand name and a collection of servers So we have to make this more efficient. Whitman was described as relentlessly optimistic, and those who worked with her said that her ability to stay focused and positive set her apart from most executives. [26] Despite initially not wanting to take on the role, during her time as CEO, through 2008, the company grew to approximately 15,000 employees and $8billion in annual revenue. "[48], In May 2013, Bloomberg L.P. named Whitman "Most Underachieving CEO" along with Apple's CEO Tim Cook (ranked 12th) and IBM's Virginia Rometty (ranked 10th) whose stocks had all turned in the worst numbers relative to the broader market since the beginning of each CEO's tenure. The company had just nineteen employees at the time, and some were still using card tables as desks. "It's this unique blend of commerce and community. These cookies will be stored in your browser only with your consent. Negative Griffith R. Harsh IV and Margaret C Whitman Charitable Foundation, P.O. Our superpower is we are completely different, says the former CEO of eBay and HPE about her working relationship with her Quibi business partner. experience and brand management talents. the time, and some were still using card tables as desks. Potato Head. [46][47], In 2012, Whitman announced that HP would write down $8.8 billion of the value of Autonomy, the British software company it had purchased the previous year. [2], In 2008, Whitman was cited by The New York Times as among the women most likely to become the first female president of the United States. me to recognize that I could do the same. auctions. She previously served as the president and CEO of Hewlett Packard Enterprise. Meg Whitman has served Hewlett-Packard as Chairman of the Board since July 2014, as President and Chief Executive Officer since September 2011 and as a member of the Board since January 2011. Cincinnati, Ohio-based household and personal care products maker. Whitman found a job with Bain and Company, a global management consulting [71] Whitman will serve as the club's Alternate Governor on the MLS Board of Governors. [13], Whitman attended Cold Spring Harbor High School in Cold Spring Harbor, New York, graduating after three years in 1974. Whitman turned to her family foundation after the loss, but didn't really have a plan. Meg Whitman, in full Margaret Whitman, (born August 4, 1956, Spring Harbor, New York, U.S.), American business executive and politician who served as president and CEO of eBay (1998-2008), an online auction company, and later of the technology company Hewlett Packard (2011-15). Auction for human kidney reached a bid of $5.7 million before eBay Meg Whitman is best known for taking eBay from $5.7 million to $8 billion in sales as CEO from 1998 to 2008. She realized she could do anything she wanted and she wanted "Every week, there is a different set of issues, a different California billionaire Meg Whitman, a Republican who spent $144 million of her own wealth on an unsuccessful run for governor a decade ago, endorsed Joe Biden for president at the Democratic . interview, "moved in with the engineers for three months and Leaving Stride Rite in 1995, she accepted an offer to become CEO of Florists Transworld Delivery (FTD), a federation of commercial florists. address information for payment and shipping. from its founder, Pierre Omidyar, who remains active in the company, and After moving with her husband to California in 1981, she joined the consulting firm Bain & Co. as a vice president and remained there until 1989. Though Whitman was still in high school, her services, and revenues had doubled to $2.17 billion. Meg Whitman. [133], Whitman has said that the legalization of marijuana is not what any law enforcement person would suggest for any reason and that "this is the worst idea [she has] ever seen."[134]. (June 12, 2003). On July 14, 2022, her nomination was confirmed in the Senate by voice vote. Now,. (May 2001): p. 72. Heavy eBay pros were in economics with honors from Princeton University in 1977 after completing an 83-page-long senior thesis titled "The Marketing of American Consumer Products in Western Europe. Secure .gov websites use HTTPS A lock ( Lock A locked padlock ) or https:// means youve safely connected to the .gov website. three children. EBay was still a relatively young company. EBay was said to Dillon, Patrick. have boosted the fortunes of an immense number of small specialty stores Family Office Jobs Boeing invests $450 million in air taxi startup. According to the documents filed with the regulator, the main focus for Brin's Bayshore Global Management Singapore office is to manage his family investments. Fishman, Charles. This strategic move happens as the organization is experiencing significant growth for its Gamers Club platform in Latin America and they consider it more valuable to scale down on franchise obligations to be able to better balance out their professional eSports and community-centric efforts. They write new content and verify and edit content received from contributors. Privacy Policy &Imprint. A multi-million dollar home owned by Google billionaire Larry Page allegedly being used as a secret office for half a dozen employees . U.S. Mission to International Organizations in Vienna, Visit Travel.State.gov for More Information. Whitman ran for governor of California in 2010 as a Republica He created the site Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. "I had a great time as a Princeton undergraduate," a 8 case", "GOP gubernatorial candidate Whitman outlines stands", "Meg Whitman makes case on how she's different", "The Buzz: Atherton resident Meg Whitman not too keen on bullet train", "Whitman to lead Hewlett-Packard Enterprises and be a chairperson in HP Inc". Whitman became CEO of the latter, but in November 2017 it was announced that she would step down early the following year. Your email address will not be published. She earned an undergraduate degree in economics from Princeton University in 1977 and a masters degree in business administration from Harvard University in 1979. (Some reporters privately referred to her as "the analyst whisperer" because she seemed to soothe jittery Wall Streeters on earnings calls.) In 1998, when a corporate headhunter first approached her to lead the online auction company eBay, Whitman was not interested. about her reasons behind the gift. Of the incident, Whitman related, "In any high-pressure working environment, tensions can surface." [73] She presented her credentials to President Uhuru Kenyatta on August 5, 2022. [101] Whitman answered questions about her record in September, replying, "And I think the reason is, is for many years, I wasn't as engaged in the political process and should have been. concentrate full-time on their online auctions. instance of. 67 Years. My mother taught me that you don't have to be perfect to be a leader, but you can't be timid. Its free for now, but eventually they will need to make money. Meg Whitman's first look at eBay's website did not inspire visions of a multinational company that sells $1,608 of merchandise per second. Whitman Business Week Boston. Whitman College But I didn't enjoy it. Gulfstream II jet sold for $4.9 million, thought to have been the most [66], She has also joined the boards of Zipcar and Teach for America, and re-joined the board of Procter & Gamble. Whitman was CEO of the defunct short form video platform Quibi, which shuttered in October 2020, just seven months after it launched. Meg Whitman and its Family Office led the Immortals Gaming Club US$26 M Series B-1 funding round to strengthen its own eSports brand and professional teams. Overview. time frame. Jeff Jordan took over PayPal, Matt Bannick took over international operations, and Bill Cobb took over U.S. operations,[32] which has the colorful U.S. logo, while each international site has unique branding.[33]. her colleagues in the brand management department was Steve Case Whitman has made monetary donations to various candidates and political action committees (PAC). Omissions? [13] On her mother's side, she is a great-granddaughter of historian and jurist Munroe Smith and a great-great-granddaughter of General Henry S. She switched her major to economics, and after But opting out of some of these cookies may have an effect on your browsing experience. Whitman delved Presidential endorsements and fundraising, Griffith R. Harsh IV and Margaret C Whitman Charitable Foundation, Chris Christie 2016 presidential campaign, Hillary Clinton 2016 presidential campaign, "Whitman becomes biggest-spending candidate on a single campaign in U.S. history [Updated]", "Former eBay CEO Meg Whitman breaks campaign financing records with $119million contribution", "Michael Bloomberg Spent More Than $900 Million on His Failed Presidential Run", "Meg Whitman loses California governor race despite $160million tab; Jerry Brown wins for 3rd time", "The Marketing of American Consumer Products in Western Europe", "Atherton mansion madness: Homes of the rich and (tech) famous", "How Meg Whitman turned eBay into a multi-billion dollar company", "EBay to Buy PayPal, a Rival in Online Payments", "Breaking: eBay Completes Skype Sale At $2.75Billion Valuation", "Microsoft to acquire Skype for $8.5 billion", "Meg Whitman reportedly shoved EBay employee in 2007", "Settlement Was Paid in Whitman Shoving Incident", "The 100 Best-Performing CEOs in the World", "HP Names Meg Whitman President and Chief Executive Officer", "HP's 4Q to provide snapshot of new CEO's progress", "Meg Whitman accused of not doing calculations on Autonomy writedown", "Biggest CEO Underachievers: Executives - Bloomberg Best (and Worst)", "Bloomberg Best (and Worst): Biggest CEO Underachievers: Executives", "Ubers Next C.E.O.? Whitman is the former president and CEO of eBay, where she guided the growth from a starting point of about 30 employees and revenues of about $4 million to approximately 15,000 employees and over $8 billion in annual revenue. [30] In 2002, soon after its initial public offering, PayPal became a wholly owned subsidiary of eBay valued at $1.5 billion. Meg Whitman 1956 - President and chief executive officer, eBay Nationality: American. in September of 1998, and over the next five years helped eBay become one 2001: Whitman stated, "At the time, I believed the people of California had weighed in on this question and that overturning the will of the people was the wrong approach," and "The facts and arguments presented during the legal process since then have had a profound impact on my thinking. in neurosurgery, the couple had to relocate to San Francisco. best jobs in Corporate America," she enthused to Hof. [16] She graduated with an A.B. 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