Print 4 comment(s) - last by ekv.. on Feb 11 at 2:47 AM

Another experienced Silicon Valley executive hopes to become governor of California

The former president and CEO of online auction site eBay hopes to take a crack at state politics after announcing her interest to run for governor of California in 2010.

Meg Whitman, 52, has created an exploratory committee for her to possibly seek the Republican nomination, in an interest to run for Governor Arnold Schwarzenegger's seat when his term ends next year, citing that she "refused to stand by and watch California fail."

"California faces challenges unlike any other time in its history -- a weak and faltering economy, massive job losses, and an exploding state budget deficit," Whitman said in a press statement.  "California is better than this, and I refuse to stand by and watch it fail.  Now is the time for people across the state to join in a cause for change, excellence and a new California."

The state is suffering from a $40 billion budget gap over the past 18 months, unemployment around 10 percent, and a mortgage crisis that is plaguing the state.

It's likely both Democrats and Republicans seeking to become California governor will have an intense battle among a large number of possible candidates.  Insurance Commissioner Steve Poizner, a Silicon Valley tech executive, will also seek the Republican nomination for governor.  

Whitman became involved in politics after she left eBay last year, working as finance chairman for Mitt Romney and serving as national co-chair for John McCain's campaign.   The former eBay executive has never run for public office but hopes Californian voters take to her corporate background as the state tries to fix its fiscal troubles that will likely continue for years to come.  

Critics have already come out of the woodwork to attack Whitman's credentials to lead the state. Chairman of the state Democratic party, Art Torres, faulted Whitman for her lackluster roles in the presidential campaign of both Romney and McCain.  He said she's "a leading proponent of the disastrous economic policies that have left America in its worst financial crisis in generations."

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By tastyratz on 2/10/2009 8:26:02 AM , Rating: 4
Ebay has been eating themselves alive the last few years and destroying their seller base through one bad decision after another.

Would we really want someone like that running the state of
California? Granted the governator is bad enough... but still.

By mdogs444 on 2/10/2009 9:54:58 AM , Rating: 2
Would we really want someone like that running the state of California?

As opposed to what? The current bureaucrats who spend, spend, and spend some more...cannot pay back the people's tax return money, and want to dump billions of dollars into the global warming schemes? The same bureaucrats who have helped artificially inflate the housing market in California in order to get more tax dollars coming in, and now are causing homeowners to take a hit of 38% of their homes value...while a report just came out that said homes could take ANOTHER 30%+ hit this year in California?

C'mon, she's a person who has made choices to better her company, and made it into the success that it is. Not every choice she made had a positive impact on all their clients....but think of it this way, not a single piece of legislation in California has had a positive impact...evidence of the $40B deficit that people from Ohio to Kansas to Texas will be responsible for paying off.

By Screwballl on 2/10/2009 1:51:01 PM , Rating: 2
Last year after she left is when all these major changes were starting to take place... so I suspect she left over some difference of opinions and after she was gone she was replaced by someone who did not, thus they stabbed themselves in the foot...

By ekv on 2/11/2009 2:47:30 AM , Rating: 2
I don't really know enough about Whitman ... nor about her decisions and responsibilities at Ebay, nor about her responsibilities with Romney and McCain.

The governator has tried and tried to work on the budget. Something like 90% of any-given-year's budget is already spent, automatically. I haven't seen any cooperation from the other side of the aisle. Both the State Assembly and Senate are controlled by Democrats. They can't even agree sufficiently to even give the Gov a budget [though he ought, there is no assurance he'd veto it].

Spend, spend, spend.

I say vote the bums out. Vote all of them out. It's ok with me. There is something vastly wrong if the top Dem's are working against the Gov trying to implement reforms, even when he has to take those reforms to the ballot.

"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain

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