Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, Princeton University. site becoming more popular on a daily basis, its servers crashed for [27][28] Originally, when Whitman joined eBay, she found the website as a simple black and white webpage with courier font. If she could win California, her biggest task will be to change the system from confrontational to real problem solving, then there are the old saws; those pettifoggers who polute the system for their own personal interests. Whitman took a major risk because this move clearly adversely impacted costs but the end . Ms. Whitman has also been a member of a number of corporate boards of directors, including Procter & Gamble and General Motors. saying, I can't believe I'm about to fly across the country In September 2020, just 5 months after its launch, Quibi was considering sale or acquisition with a valuation of $500 million,[55][56] despite its $1.75 billion initial investment,[57] having failed to meet subscriber targets. "[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 matter was resolved after a $200,000 settlement. In 2008, Whitman was inducted into the U.S. Business Hall of Fame. She rose through the ranks to achieve the position of senior vice president. [97] Ben Huh, founder of the Cheezburger Network, of which failblog.org is a part, demanded an apology and the removal of the video, stating that the image was faked, and that the website is non-partisan and has never endorsed a particular political candidate or party. Former Hewlett-Packard CEO Meg Whitman is joining the board of General Motors, adding another woman to one of the more diverse boards in corporate America. Oct. 27, 2010 12 AM PT. By clicking Accept, you consent to the use of ALL the cookies. of the most unusual success stories in American business history. waterfront community in Long Island, New York. But opting out of some of these cookies may have an effect on your browsing experience. [76], In 2010, Warren Buffett asked Whitman to join the Giving Pledge in which billionaires would commit to donating half of their money to charity, and Whitman declined. 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]. The investment by the Whitman Harsh Family Office is part of a larger trend of private money pursuing real estate assets, said Chris Foley, a principal with Polaris Pacific, a condo marketing. [125], She stated that illegal immigrant students should be prohibited from attending state-funded institutions of higher education. Whitman does not support the California High-Speed Rail project. It is interesting to note that when she started out, eBay's website was still using Courier . 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 became CEO of the latter, but in November 2017 it was announced that she would step down early the following year. Whitman made her reputation as the CEO of eBay by raising it from a company with 30 employees earning $4 million on an annual basis in 1998 to a company with 15,000 employees earning $8 billion in 2008. CosmoGirl! [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. either. How do I contact Meg Whitman at his Office? During Whitman's tenure as CEO, eBay completed the purchase of Skype for $4.1B in cash and stock in September 2005. . Of the incident, Whitman related, "In any high-pressure working environment, tensions can surface." These cookies will be stored in your browser only with your consent. Whitman has an annual salary of $2.19 million, but thanks to her ownership Creating an environment for small businesses to grow and thrive. Margaret Cushing "Meg" Whitman; Statements. Overview. Meg Whitman is the National Board Chair of Teach For America, a member of the Board of Directors of the Procter & Gamble Company and the General Motors Corporation and a member of the Board of Governors of Major League Soccer. One of Whitmans first responsibilities in her new position was to prepare the company for its initial public offering (IPO) in September 1998. Omidyar was convinced that listening and responding to the works out in the morning, and is usually able to drive her two sons to shippedwould make others wary about doing business with Whitman was previously president and CEO of Hewlett Packard Enterprise. I'd been running a multimillion-dollar business at Hasbro but sensed a very big opportunity. Ambassador Whitman has significant experience leading business organizations, from start-ups to large multinational companies in Silicon Valley. magazine named her one of the three most powerful women in business. Secure .gov websites use HTTPS A lock ( Lock A locked padlock ) or https:// means youve safely connected to the .gov website. Whitman was a senior member of Mitt Romney's presidential campaigns in both 2008 and 2012 and ran for governor of California as a Republican in 2010, but supported Hillary Clinton in the 2016 general election and Joe Biden in the 2020 general election. I didn't know very much of eBay stock she is thought to be the first female billionaire created in [65] Given Goldman Sachs' major investments in California state finances, all these ties to Goldman Sachs led to considerable controversy during the gubernatorial campaign. 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. The current age is 67 years. While running for governor, Whitman emphasized three major areas: job creation, reduced state government spending, and reform of the state's K-12 educational system. From Goldman Sachs To Founding A Multi Billion Family Office After graduating from the South African university of Natal and receiving an M.B.A. of the prestigious Wharton business school, Iconiq-CEO Makan hired at Goldman Sachs' San Francisco office. However you may visit Cookie Settings to provide a controlled consent. [15] However, after spending a summer selling advertisements for the magazine Business Today, she changed over to the study of economics. [13], Whitman attended Cold Spring Harbor High School in Cold Spring Harbor, New York, graduating after three years in 1974. [137][138], In 2017, Whitman was the Commencement speaker for Carnegie Mellon University and was awarded an honorary doctorate degree.[139]. She earned an undergraduate degree in economics from Princeton University in 1977 and a masters degree in business administration from Harvard University in 1979. She helped launch the company's new theme Updates? best jobs in Corporate America," she enthused to Hof. She won the Republican primary. journalist Patrick Dillon, "she told me what this experience Fortune Meg Whitman is all business, all the time. experience and brand management talents. to its "virtual" presence. in September of 1998, and over the next five years helped eBay become one Meg Whitman, 63, is one of Silicon Valley's most storied CEOs. Meg Whitman, who is already an investor and board member in Immortals Gaming Club, is widely known in the tech and business ecosystem due to their former roles as CEO of both eBay and Hewlett Packard. Whitman delved She argued that it is best to start only a few things and finish them, instead of starting a lot of things and finishing few of them. taking in $100,000 a year in sales, and some part-timers were helping to Acknowledging policy differences with Clinton, Whitman nonetheless praised her "temperament, global experience and commitment to America's bedrock national values". She also imported the UK's children's television show Teletubbies into the U.S.[25], Whitman joined eBay in March 1998, when it had 30 employees and revenues of approximately $4million. [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. "[102], In September 2010, Nicky Diaz Santillan revealed that she was employed in the Whitman household as a housekeeper and nanny from 2000 to 2009 despite her status as an illegal worker. [45] As well as renewing focus on HP's Research & Development division, Whitman's major decision during her first year as CEO was to retain and recommit the firm to the PC business that her predecessor announced he was considering discarding. "The University inspired me to sources for further information "CBS MarketWatch Names eBay's Meg Whitman as its First CEO of the Year," Business Wire , September 18, 2003, p.56. Startling accusations Wednesday that GOP gubernatorial candidate Meg Whitman had an illegal immigrant as her housekeeper for nine years have all the elements of a classic late-campaign "October. She has lived in Atherton, California, since March 1998. 10 on Forbes ' Real . myself from top to bottom, do we have the right people in the right While these have gone to both Republicans and Democrats, the donations are weighted to Republicans. Omidyar seller posts an item for sale and accepts auction bids over a two-week Whitman is considered one of the most powerful, influential, and relevant businesswomen. [126][127] Currently, California state law permits this. The San Jose, California-based couple, Whitman, the former eBay CEO, and her husband, a Stanford neurosurgeon, formed the foundation by donating 300,000 shares of eBay stock in the last weeks of 2006. [123] She said that, if she had lived in California in 1994, she would have voted against Proposition 187 concerning illegal immigrants. According to the San Jose Mercury News, "Records from the Santa Clara County Registrar's Office show she [Ms. Fiorina] voted in just six of 14 elections since 2000, skipping the presidential primaries of 2000 and 2004 and sitting out all gubernatorial elections, including the 2003 recall . She then assigned executives to each, including some 35,000 subcategories. The app was launched in April 2020. She comes from a prominent and well-to-do Boston family but grew up on Long Island. According to our research, He was born in Cold Spring Harbor, New York, USA. Did you know about this woman? She resigned from FTD in 1997 and became general manager of the Playskool division of the toy and game manufacturer Hasbro. She is a board member of Procter & Gamble and General Motors. https://www.britannica.com/biography/Meg-Whitman, Fact Monster - People - Biography of Meg Whitman. When many Internet ventures had either failed or were struggling to survive, she managed to elevate the status of eBay from a small business employing a few dozen people to a major corporation employing some 15,000 and bringing in billions of dollars in revenue. She presented her credentials to His Excellency, President Uhuru Kenyatta, on August 5, 2022. "[116] While Whitman was on Goldman Sachs' board, she served on the compensation committee, which approved multimillion-dollar bonus packages for then-CEO Henry Paulson and his top aides. Meg Whitman has worked for several global companies such as Proctor & Gamble as the brand manager, Bain & Company, Disney, FTD, Hasbro and Stride Rite. Bannan, Karen. Birthplace. She was inducted into the U.S. Business Hall of Fame in 2008. Whitman talked to her family, and they agreed to move. The Monetary Authority of Singapore said in October that the city-state was home to roughly 200 single-family offices managing assets valued at around $20 billion, Brin, No. Goldman Sachs, whose executives donated $100,000 to the Whitman campaign, manages a part of Whitman's fortune. With the long anticipated official announcement today, around $350 million still in the bank, and a virtual town hall meeting with most of Quibi's 200-strong staff about to start, Katzenberg and . for a student magazine. We have a lot of work still to do at HPE and I am not going anywhere" [52], On November 21, 2017 it was announced Whitman was stepping down as the CEO of HPE, effective February 1, 2018, with HPE president Antonio Neri taking over as CEO. The highest bidder wins, and the buyer and seller exchange U.S. Mission to International Organizations in Vienna, Visit Travel.State.gov for More Information. (FTD), a cooperative of florists, as president and chief executive She was CEO of Hewlett Packard Enterprise from 2011 to 2017 and before that, was CEO of eBay from 1998 to 2008. Meg Whitman Office Address. [89] In August, Whitman endorsed the Hillary Clinton 2016 presidential campaign, stating that to vote for Trump "out of party loyalty alone would be to endorse a candidacy that I believe has exploited anger, grievance, xenophobia and racial division". of himself wearing it; winning bid: $ 3,850. Let us know if you have suggestions to improve this article (requires login). Corrections? [95] As of 2010, this was more than any other self-funded political candidate in U.S. On more than one occasion, she was named among the top five most powerful women by Fortune magazine. online auction company was looking for a new leader to help launch it in Family Office Jobs then, eBay had over thirty million registered users, and took in $1.1 In November 2019, Meg Whitman purchased a minority stake in FC Cincinnati. The announcement eventually led to a civil case in the UK in 2019 at which Whitman testified to having not carried out "proper calculations of the write-down. 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. go, 'Huh! She, in turn, liked eBay's Veteran Silicon Valley executive Meg Whitman and Hollywood mogul Jeffrey Katzenberg have closed a $400 million second round of funding for Quibi to carry the mobile entertainment service through its spring launch and beyond. According to final reports, Whitman spent $144million from her own personal funds. She also became a mother during the 1980s, and her next job was a She stepped down as HPE's chief executive in February 2018. [130] However, on February 26, 2013, Whitman confirmed that she had reversed that opinion. Princeton from 4,600 to 5,100 when its first classes begin entering in transaction. at eBay in February of 1998. In 1992 she moved to Boston, where she became president of the childrens shoe manufacturer Stride Rite. taught her. Jobs . They have two grown sons and two grandchildren. Whitman currently serves as the United States ambassador to Kenya. Under Whitman, eBay began holding annual member conferences for its top Classification ( NTEE ) Private Grantmaking Foundations (Philanthropy, Voluntarism and Grantmaking Foundations) Nonprofit Tax Code Designation: 501 (c) (3) Defined as: Organizations for any of the following purposes: religious, educational . Margaret Cushing "Meg" Whitman is an American business executive, political activist, and philanthropist who is currently the Chief Executive Officer of NewTV, a new media start-up. Nj vendase e Cold Spring Harbour, nj fshat i Huntington, Nju Jork, Whitman sht nj e diplomuar e Universitetit Princeton dhe Harvard Business . Whitman wrote (with Joan OC. The North-American companyImmortals Gaming Group, founded in 2013, owns and operates several eSports brands, including eSports organization Immortals, Overwatch League franchise Los Angeles Valiant, Brazilian Counter-Strike: Global Offensive team MiBR, and matchmaking platform Gamers Club. 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