Net worth: $3.5B (Forbes, March 2020)
Meg Whitman is known for donating to Delaware’s most famous politician (Joe Biden) as well as running its most famous Tech Startup (eBay). She’s also known for losing a campaign to become governor of California.
Born in 1956 in Huntington, New York, Whitman comes from a long and distinguished family that can be traced to colonial America and potentially the Tudor dynasty in Britain. Initially intending to be a doctor, she studied math at Princeton before settling on a more humble career path and attending Harvard Business School.
Her first series of jobs included being a brand manager at Proctor and Gamble, a consultant at Bain, a VP at Disney, the CEO of Transworld Delivery, and the Hasbro Division General Manager, overseeing marketing of Playskool and Mr. Potato Head.
In March 1998 she became CEO of the small San Jose company eBay, which is coincidentally the same month eBay reincorporated in Delaware, eliminating eBay’s obligation to pay corporate income tax. Whitman’s next action was to get the company, at the time thriving under the Beanie Baby craze, into an IPO underwritten by Goldman Sachs.
During her tenure at eBay from 1998 to 2007, Whitman partook in such adventures as: “Spinning”, the practice of eBay executives buying shares of other companies Goldman Sachs was underwriting at a discount then selling them off after their IPO for a steep markup, a practice discontinued after it was made illegal in 2002 following the dot-com bust; buying a third of Craigslist to give eBay access to internal documents, then attempting to destroy it by launching direct competitor Kijiji; shoving a subordinate in an incident which had to be settled for $200,000; an antitrust lawsuit for illegal hiring practices after being caught coordinating with Intuit not to hire each other’s employees; and nearly tanking eBay stock after spending $4 billion to acquire part of Skype with no ownership rights to the underlying technology.
In 2010 Whitman ran a losing campaign to become Governor of California, spending $144 million in personal funds in the process.
Meg Whitman Family Tree (Family Forest National Treasure Edition, Copyright 1998-2009, Millisecond Publishing Company. Inc)Its her family tree going back to mid 1600
This article is her shit head sons being rapists and using racial slurs.
SEC Certificate of Incorporation ((Securities and Exchange Commision))SEC certificate of incorporation for eBay in Delaware.
eBay Executives Settle Spinning Lawsuit for 3 Million (Pittsburgh Post-Gazette)An overview of the practice of "spinning" amongst eBay executives.
Documents show how eBay's Meg Whitman and Pierre Omidyar conspired to steal Craigslist's secrets (Mark Aimes at Pando)A detailed overview of the investigation into eBay's tactics to attempt to destroy Craigslist.
Justice Department Files Lawsuit Against Ebay Inc. Over Agreement Not to Hire Intuit Inc. Employees (Department of Justice)Department of Justice lawsuit against eBay over unfair hiring practices.
Settlement Was Paid in Whitman Shoving Incident (New York Times)Details of the Meg Whitman shoving incident.
How Meg Whitman Failed Her Way to the Top at eBay, Collecting Billions While Nearly Destroying the Company (Mark Aimes at Exiled)Detailed overview of Meg Whitman's tenure at eBay, including the Skype incident.
Overview of Meg Whitman's conflicts of interest with Goldman Sachs while running for Governor of California.