During last night’s debate, when asked whom he would pick as Treasury secretary, John McCain said he might consider Meg Whitman and said she had turned eBay into a livelihood for 1.3 million people in America. But there are a few things he left out and glossed over…
During last night’s debate, when asked whom he would pick as Treasury secretary, John McCain said “Meg Whitman was CEO of a company that started with 12 people and is now 1.3 million people in America make their living off eBay.” Whitman is current co-chair of McCain’s national committee, though she originally supported Romeny (she used to work at Bain & Co.). Apparently, she’s also thinking of running for governor of California in 2010.
By most accounts, Whitman is a competent, hardworking executive. The marketing skills and experience she brought to eBay certainly helped the company navigate the tech-wreck successfully.
The thing is, McCain made it sound like she founded eBay and was single-handedly responsible for kick-starting 1.3 million careers, and that’s a bit misleading.
Whitman started at eBay in 1998. By then, eBay had been going for three years and had 500,000 customers, 30 employees, over $100 million in sales, $4.7 million in revenue and was well on its way to becoming one of the bigger e-commerce players. eBay went public the same year Whitman was hired. Other Silicon Valley companies brought in experienced executives from outside the firm to serve as CEO when contemplating a public-offering (in some cases, VCs demanded this).
You know what’s coming…
Pierre Omidyar endorsed Barack Obama back in March and it’s worth reading why.
In fact, there are a lot of creative capitalists rooting for Obama. Enjoy the rest of your day!