Showing posts with label Meg Whitman. Show all posts
Showing posts with label Meg Whitman. Show all posts

Sunday, March 16, 2008

McCain Expands High-Tech Toehold





WASHINGTON -- A pair of high-profile former Silicon Valley executives have signed on to help John McCain's presidential campaign, offering a boost to the presumptive Republican nominee's economic credentials and fund-raising abilities.

Meg Whitman, the retirement-bound chief executive of eBay Inc., joined the McCain team Friday as a national co-chairwoman. She made the move after more than a year as an adviser to Mitt Romney, the former governor of Massachusetts who ran a tough campaign against Sen. McCain.

Ms. Whitman joins Carly Fiorina, the former head of Hewlett-Packard Co., who was named the Republican National Committee's "Victory" chair earlier this month.

The business savvy of Ms. Whitman and Ms. Fiorina, as well as their networks and rolodexes, will help Sen. McCain and his party as they face worsening economic conditions and the Democratic money machine. The high-tech industry in particular is one that has given more heavily to Democrats than Republicans, so the duo could be particularly helpful to Sen. McCain.

He already has the help of longtime supporter John Chambers, CEO of Cisco Systems Inc., as both a fund-raiser and an adviser.

Ms. Whitman and Ms. Fiorina have known each other for years through their California-based technology companies and had dinner a few months ago. "We had a friendly disagreement over John and Mitt," Ms. Fiorina said. (The release announcing the addition of Ms. Whitman to the McCain team made no mention of her past involvement with the Romney campaign.)

While Ms. Fiorina, a longtime Republican, has made political contributions in the past, she has never assumed a political role until this one. However, her role as a campaign surrogate reminds her of her past effort on "road shows" during the Hewlett-Packard proxy battle several years ago. After heading the Palo Alto, Calif., computer maker for several years, Ms. Fiorina was forced out of the company in 2005 after battles with shareholders and directors. Shortly after, she said she might pursue politics or "public service."

Ms. Fiorina, 53 years old, plans to use her past experience to help "put to rest" the widespread criticism -- fueled in part by Sen. McCain's own comments -- that the senator isn't as strong on economic issues as he is on national security. "As a businessperson, I can vouch that his understanding and instincts about the economy are strong," she said in an interview Friday.

Ms. Fiorina first met Sen. McCain when she testified before Congress on Internet taxation, which she opposed. "He got it totally," she recalled. "He understood that government action can kill or motivate innovation and industry." She was an early supporter of Sen. McCain, even when his popularity declined last summer, and traveled in New Hampshire and other states when only a handful of people showed up.

Ms. Whitman is a newcomer to the McCain entourage. Her association with Mr. Romney dates back to his Bain Capital days in the late 1970s, according to longtime Romney spokesman Eric Fehrnstrom.

Ms. Whitman, 51, hadn't been involved in Republican national politics until Mr. Romney announced his presidential bid early last year. She was a member of his inner circle and most prominent in his fund-raising team, helping him tap a network of millionaire investors and out fund-raise many of his competitors.

In late January, Ms. Whitman, who is reported to have political aspirations of her own, announced her intent to retire from eBay at the end of March. When Mr. Romney suspended his campaign last month, Ms. Whitman called him and asked about ways to stay active in the political scene, according to Mr. Fehrnstrom. Mr. Romney then "encouraged" her to get involved in Sen. McCain's campaign.

An eBay spokesman didn't return calls for comment.


Write to Elizabeth Holmes at elizabeth.holmes@wsj.com and Monica Langley at monica.langley@wsj.com

Sunday, January 27, 2008

EBay's retiring chief may run for California governor



EBay's retiring chief may run for
California governor

Meg Whitman, who raised funds for
Romney, has been asking
key Republicans about the possibilities,
sources say.


As she prepares to depart from EBay after a decade at the helm, Chief Executive Meg Whitman appears to be investigating a new career -- in politics.

Whitman has talked with top Republicans about the possibility of a run for California governor in 2010, according to three operatives who have had discussions with her. Whitman is said to be asking detailed questions about the logistics of a run and the effect she could have as governor, according to the sources, who spoke on condition of anonymity because they were not authorized to reveal the conversations.



EBay president and CEO Meg Whitman arrives at the
Allen and Company media and Technology Conference,
Sun Valley, Idaho, July 13, 2007 in this file photo.

Whitman did not make herself available for comment. A source close to her said she had been talking with Republicans around the state and had become "fascinated" by politics in her work as a fundraiser for GOP presidential hopeful Mitt Romney, a former governor of Massachusetts and a former colleague of Whitman at the consulting firm Bain & Co.

The source close to Whitman, however, downplayed the seriousness of the conversations, saying that Whitman was still new to politics and that California Republicans, not Whitman, were the ones driving the discussion.

"This thing has come to her," the source said. "She hasn't given it all that much thought. It's not, 'I'm going to run. Give me a game plan.' "

Last September, Whitman switched her party registration from "decline to state" to Republican, according to records in San Mateo County, where she lives. The source close to Whitman said she had made the change in part so she could vote for Romney in the Feb. 5 Republican primary, which is closed to independents this year.

"Whitman has the potential to be a very strong candidate," says former Republican consultant Dan Schnur. "She brings very strong private sector experience to the table, and her involvement in politics gives her a potential base of support as well."

Whitman could breathe life into a party that has little money and few stars beyond Gov. Arnold Schwarzenegger, who is often at odds with Republican doctrine.

A moderate, she is a billionaire who could fund her own campaign. She ranked No. 361 on Forbes' 2007 list of the richest Americans, with an estimated net worth of $1.4 billion.

Another anticipated GOP gubernatorial candidate, Insurance Commissioner Steve Poizner, is also a billionaire from Silicon Valley. The two do not know each other.

Whitman, like Poizner, could face a difficult Republican primary against a conservative candidate such as State Sen. Tom McClintock (R-Thousand Oaks). "It will be very difficult for her to explain to primary voters why she and Steve Poizner are different in any respect other than gender," Schnur said.

Former Republican Party Chairman Duf Sundheim, who was among those who encouraged Schwarzenegger to leave Hollywood for politics, says he sees Whitman as a potential candidate.

Sundheim is leading an effort to find candidates for 2010 and is talking to people inside and outside politics, including nontraditional candidates who are wealthy enough to finance their own campaigns, according to people who have spoken with him. Three sources said Whitman is among the candidates with whom he has talked.

"I've heard from others that Meg may have an interest in running for office someday," Sundheim said in an interview Thursday.

"We have many excellent potential candidates and I think Meg could be one of those candidates, and I hope she seriously considers it."

Margaret C. "Meg" Whitman, a 51-year-old New York native, joined EBay as its president and chief executive in 1998, when the online auction company had 30 employees and annual revenues of $4 million, according to a biography posted on the company's website. The company now has 15,000 employees globally.

Whitman said Wednesday that she would retire from EBay on March 31.

Since launching her career at Procter & Gamble in Cincinnati in 1979, Whitman has spent her professional life in the corporate sector, as an executive at toy maker Hasbro, Florists Transworld Delivery, Stride Rite Corp. and the Walt Disney Co.

She did her undergraduate work at Princeton and later earned a master's degree at Harvard Business School.


joe.mathews@latimes.com