Keeping things simple, as an insider tip, I would venture to say that if MegÂ Whitman was one of the rare few individuals who just happened to be a female, was witty enough to flip a dot com into profitability status in the billion dollar range, she could be considered as fit for the task of reinvigorating theÂ CaliforniaÂ economic climate, and the fact that the mostÂ widelyÂ used and frequently visited websites on the planet do tend to be based in CA could be of some significance somewhere in the total scheme of things.
Whitman joinedÂ eBay in 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 withÂ courier font. On her first day, the site crashed for eight hours. She believed the site to be confused 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 Meg Whitman made several key changes in her management team. Jeff Gordon took overÂ 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 its own unique branding.
Shortly after taking the companyÂ public, Whitman retold 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 fromArthur Levitt, Jr., Chairman of theÂ 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 stockÂ 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 collectibleÂ Depression era glass, post 1929.