In February 2009, Whitman announced her candidacy for Governor of California, becoming the third woman in a twenty year period to run for the office. She won the Republican primary in June 2010. The fourth wealthiest woman in the state of California with a net worth of $1.3 billion in 2010, she spent more of her own money on her candidacy than any other self-funded political candidate in U.S. history, spending $144 million total of her own fortune and $178.5 million including donors. Whitman lost to Jerry Brown in the November 2 election.
Whitman was born in Long Island, New York, the daughter of Hendricks Hallett Whitman and Margaret (née Goodhue) Whitman. She attended Cold Spring Harbor High School in Cold Spring Harbor, New York, graduating after three years in 1974. In her memoirs she says she was in the top ten of her class. She had wanted to be a doctor, so she studied math and science at Princeton University. However, after spending a summer selling advertisements for a magazine, she switched to studying economics, earning a B.A. with honors in 1977. Whitman then obtained an M.B.A. from Harvard Business School in 1979.
Whitman is married to Griffith Harsh IV, a neurosurgeon at Stanford University Medical Center. They have two sons. She has lived in Atherton, California, since March 1998. Whitman College, a residential college completed in 2007 at Princeton University, is named after Meg Whitman following her $30 million donation.
Beginning her career in 1979 as a brand manager at Procter & Gamble in Cincinnati, Ohio, Whitman later moved on to work as a consultant at Bain & Company's San Francisco office. She then rose through the ranks to achieve the position of senior Vice President.
Whitman became vice president of strategic planning at The Walt Disney Company in 1989. Two years later she joined the Stride Rite Corporation, before becoming president and CEO of Florists' Transworld Delivery in 1995.
As Hasbro's Playskool Division General Manager, she oversaw global management and marketing of two children's brands, Playskool and Mr. Potato Head starting in January 1997. She also imported the UK's children's television show Teletubbies into the U.S.
Whitman joined eBay on March 1998, when it had 30 employees and revenues of approximately $4 million. During her time as CEO, the company grew to approximately 15,000 employees and $8 billion in annual revenue by 2008. Originally, when Whitman had joined eBay, she found the website as a simple black and white webpage with courier font. On her 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 twenty-three business categories. She then assigned executives to each, including some 35,000 subcategories. In 2004, Whitman made several key changes in her management team. Jeff Gordon took over PayPal, Matt Bannick took control of international operations and Bill Cobb was placed in control of U.S. operations, which has the colorful U.S. logo, while each international site has unique branding.
Shortly after taking the company public, Whitman told how stock for the company would rise 80 points and fall 50 points in a single day. Soon after, Whitman received a call at her eBay office from Arthur Levitt, Jr., Chairman of the U.S. Securities and Exchange Commission (SEC). She called in her general counsel and the two sat down and answered the line on speaker phone. Instead of any perceived negative reaction to stock volatility, Levitt was calling to ask about the company going public and was concerned about whether the SEC was customer-friendly. He also discussed his interest in collectible Depression era glass, post 1929. During Whitman's tenure as CEO, eBay completed the purchase of Skype for $4.1B in cash and stock in September 2005. In 2009, Skype was sold by eBay at a valuation of $2.75B. 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 was born in Long Island, New York, the daughter of Hendricks Hallett Whitman and Margaret (née Goodhue) Whitman. She attended Cold Spring Harbor High School in Cold Spring Harbor, New York, graduating after three years in 1974. In her memoirs she says she was in the top ten of her class. She had wanted to be a doctor, so she studied math and science at Princeton University. However, after spending a summer selling advertisements for a magazine, she switched to studying economics, earning a B.A. with honors in 1977. Whitman then obtained an M.B.A. from Harvard Business School in 1979.
Whitman is married to Griffith Harsh IV, a neurosurgeon at Stanford University Medical Center. They have two sons. She has lived in Atherton, California, since March 1998. Whitman College, a residential college completed in 2007 at Princeton University, is named after Meg Whitman following her $30 million donation.
Beginning her career in 1979 as a brand manager at Procter & Gamble in Cincinnati, Ohio, Whitman later moved on to work as a consultant at Bain & Company's San Francisco office. She then rose through the ranks to achieve the position of senior Vice President.
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Whitman joined eBay on March 1998, when it had 30 employees and revenues of approximately $4 million. During her time as CEO, the company grew to approximately 15,000 employees and $8 billion in annual revenue by 2008. Originally, when Whitman had joined eBay, she found the website as a simple black and white webpage with courier font. On her 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 twenty-three business categories. She then assigned executives to each, including some 35,000 subcategories. In 2004, Whitman made several key changes in her management team. Jeff Gordon took over PayPal, Matt Bannick took control of international operations and Bill Cobb was placed in control of U.S. operations, which has the colorful U.S. logo, while each international site has unique branding.
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