Meg Whitman

CEO of Hewlett Packard

Whitman, Meg.jpg

"Meg Whitman is an American business executive, political activist, and philanthropist. Whitman served as President and Chief Executive Officer of Hewlett Packard Enterprise, a role she announced on November 20, 2017, that she will resign effective February 1, 2018. 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 but supported Hillary Clinton in 2016.

 

A native of Cold Spring Harbor, a hamlet of Huntington, New York, Whitman is a graduate of Princeton University and Harvard Business School. Whitman served as an executive in The Walt Disney Company, where she was Vice President of Strategic Planning throughout the 1980s. In the 1990s, she served as an executive for DreamWorks, Procter & Gamble, and Hasbro.

 

Whitman served as President and Chief Executive Officer of eBay, from 1998 to 2008. During Whitman's 10 years with the company, she oversaw its expansion from 30 employees and $4 million in annual revenue, to more than 15,000 employees and $8 billion in annual revenue. In 2014, Whitman was named 20th in Forbes List of the 100 Most Powerful Women in the World.

 

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. In February 2009, Whitman announced her candidacy for Governor of California, becoming the third woman in a 20-year period to run for the office. Whitman won the Republican primary in June 2010. The fourth-wealthiest woman in California with a net worth of $1.3 billion in 2010, she spent more of her own money on the race than any other political candidate spent on a single election in American history, spending $144 million of her own fortune and $178.5 million in total, including money from donors. Whitman was defeated by Democratic former Governor Jerry Brown in the 2010 California gubernatorial election by 54% to 41%...

 

She 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 changed over to the study of economics, earning a B.A. with honors in 1977. Whitman then obtained an M.B.A. from Harvard Business School in 1979…

 

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 Jordan 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…

 

During Whitman's tenure as CEO, eBay completed the purchase of Skype for $4.1B in cash and stock in September 2005. eBay later admitted that it had overpaid and, in 2009, eBay sold Skype to a group of investors led by Silver Lake Partners at a valuation of $2.75B. In 2011, after the first papers were filed for a possible IPO, Microsoft purchased Skype for US$8.5B…

 

Whitman resigned as CEO of eBay in November 2007, but remained on the board and served as an advisor to new CEO John Donahoe until late 2008. She was inducted into the U.S. Business Hall of Fame in 2008. "I've said for some time that 10 years is roughly the right time to stay at the helm at a company like ours", she said in an interview with the San Francisco Chronicle, adding that "it's time for new leadership, a new perspective and a new vision."...

 

Whitman also served on the board of directors of the eBay Foundation, Summit Public Schools, Procter & Gamble and DreamWorks SKG, until early 2009. She was appointed to the board of Goldman Sachs in October 2001 and then resigned in December 2002, amidst controversy that she had received shares in several public offerings managed by Goldman Sachs, although she denied any wrongdoing. (see Ties to Goldman Sachs for further detail). In March 2011, she was appointed a part-time special adviser at venture capital firm Kleiner Perkins Caufield & Byers. She has also joined the boards of Zipcar and Teach For America, and re-joined the board of Procter & Gamble. Whitman has also been a member of the board at Survey Monkey…

 

In January 2011, Whitman joined Hewlett-Packard's (HP) board of directors. She was named CEO on September 22, 2011. As well as renewing focus on HP’s Research & Development division, Whitman’s major decision during her first year as CEO has been to retain and recommit the firm to the PC business that her predecessor announced he was considering discarding…

 

Whitman founded a charitable foundation with husband Harsh on December 21, 2006, by donating to it 300,000 shares of eBay stock worth $9.4 million. By the end of its first year of operation, the Griffith R. Harsh IV and Margaret C Whitman Charitable Foundation had $46 million in assets and has disbursed $125,000 to charitable causes. Most of the money disbursed went to the Environmental Defense Fund. 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. In 2011, the foundation donated $2.5 million to Summit Public Schools, which operates several charter schools in the San Jose area…

 

On February 10, 2009, Whitman announced she would run for governor of California in the 2010 election. Her campaign was largely self-funded. She spent more of her own money on this effort than any other self-funded political candidate in U.S. history and ultimately lost to Jerry Brown." (1)

From Wikipedia