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- Former eBay executive, Meg Whitman, is planning to run for governor of California in 2010. Whitman would be taking on two other highly touted Republican front-runners, Insurance Commissioner Steve Poizner and former Rep. Tom Campbell.
- What do we know about Whitman? Aside from making over $1 billion on her 2% stake in eBay, she has not fared well in popularity and success in the political scene. She most recently served as a national co-chair of McCain’s failed presidential campaign and previously had supported former Massachusetts Gov. Mitt Romney, who lost to McCain in the GOP primary. Whitman was a supporter of the highly controversial Proposition 8, the gay marriage ban that passed in November going against many of her fellow tech executive comrades who were against stripping basic civil rights. Aside from politics, business hasn’t been a safe haven for Whitman either. Last January, she decided to step down from eBay after several years of poor decisions made for the auction giant. Many of the Ten Reasons Why we believe eBay to be dead have to do with decisions made by Whitman. It was a love/hate relationship with loyal eBay users and sellers throughout the several years that she was in charge. She left as the stock price was falling, and since she has left, the company has been doing even worse.
- Other factors not in Meg’s corner include: California has not fared well under Schwarzenegger and Barack Obama won the state in the Presidential election by a near record 24 percentage points. California’s are not likely to be looking for another Republican candidate to run the state. If an when she decides to run, she will join Democrat Al Checchi and Republican Bill Simon as wealthy business people who failed in their bids for California governor.
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