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Today's Thought-The Charming CEO |
Wednesday, January 28, 2009 |
Meg Whitman is the president and chief executive officer (CEO) of eBay, Inc., the online auction site that became one of the World Wide Web's most surprising success stories. She took over the position from its founder, Pierre Omidyar, who remains active in the company, and has guided it into a commercial enterprise on a par with Amazon.com.
Unlike other online sites, however, eBay enjoys impressive profits, thanks to its "virtual" presence. In essence, there is no warehouse, no sales staff, just a brand name and a collection of servers that connect buyers and sellers. In her posistion at eBay, Whitman is the first woman to become a billionaire thanks to stock holdings in an Internet company, and she freely admits that she learns as she goes. "Every week, there is a different set of issues, a different challenge, something new to think about," she told Business Week writer Robert D. Hof. "Probably at least a couple times a week, I go, 'Huh! I didn't know that.'"
Abandoned medical school dreams
Margaret "Meg" Whitman was born in 1957, the youngest of three children. She came from a well-to-do clan with ties to some of Boston's oldest families, and grew up in Cold Spring Harbor, a posh waterfront community in Long Island, New York. Her father, Hendricks, had his own loan business. Her mother, also named Margaret, was a homemaker, but when Whitman was in her teens her mother traveled to China as part of a women's delegation that had been invited for a visit. This was in the early 1970s, and the Asian nation had been closed to foreigners for many years until that point. Though Whitman was still in high school, her mother's achievement was an important part of her life. "When my mother came home after this great adventure," Whitman recalled in an interview with Christian Science Monitor journalist Patrick Dillon, "she told me what this experience taught her. She realized she could do anything she wanted and she wanted me to recognize that I could do the same."
"We're a different company every three months. I ask myself from top to bottom, do we have the right people in the right place at the right time ...? I even ask myself if I'm the right person for the right time."
Whitman was a talented athlete in high school, serving as captain of her swim team. She also played field hockey, lacrosse, and basketball. She entered Princeton University in 1973, just a few years after it began admitting undergraduate women for the first time. Planning on becoming a doctor, like many academic successes in high school she was tripped up by her organic chemistry class, among other courses. "I took calculus, chemistry, and physics my first year," she explained to Fast Company writer Charles Fishman. "I survived. But I didn't enjoy it. Of course, chemistry, calculus, and physics have nothing to do with being a doctor, but if you're 17 years old, you think, This is what being a doctor is going to be about."
Whitman found her niche at college when she took an advertising sales job for a student magazine. She switched her major to economics, and after graduating from Princeton in 1977 went on to another Ivy League school, Harvard, where she earned a master's degree in business administration. In 1979 she was hired at Procter & Gamble, the Cincinnati, Ohio-based household and personal care products maker. One of her colleagues in the brand management department was Steve Case (1958–), who later founded America Online (AOL).
Most Unusual eBay Sales
August 1999: Auction for human kidney reached a bid of $5.7 million before eBay removed it for violating sales policy.
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WYD Team |
posted by Win Your Dreams @ 8:28 AM |
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