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Former eBay CEO Meg Whitman breaks campaign financing records with $119 million contribution

megcarly.jpg

Former eBay CEO Meg Whitman's contribution of $119 million to her own campaign to be governor of California has broken the record for personal spending by a candidate.

The record she broke was set by another business executive: news mogul Michael Bloomberg, who spent spent $109 million last year in his campaign to win his third term as New York mayor.

Recent polls show Whitman, whose personal fortune is estimated at $1.3 billion, with a slight lead over Democratic opponent Jerry Brown.

Whitman and another former high-profile, high-tech CEO, Hewlett-Packard's Carly Fiorina, both running as Republicans, on Wednesday won endorsements from Nancy Reagan.

The wife of the late President Ronald Reagan said Whitman would be a "good governor" and that Fiorina "knows what needs to be done to move our country forward."

Fiorina is hoping to unseat Sen. Barbara Boxer (D-Calif.).

By Ariana Eunjung Cha  |  September 16, 2010; 1:32 PM ET
 
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Comments

Neither Meg Whitman nor Carly Fiorina can get elected here in California.

Fiorina is a psycho, and people are too suspicious of why Whitman would spend over 100 million dollars to be Governor.

I haven't heard a word from Whitman telling us why she wants the job.

Posted by: lindalovejones | September 16, 2010 1:45 PM | Report abuse

Whitman didn't start EBay, she just ran it for a few years, and was reputed to be a bully. Look up the case of Young Mi Kim, an employee who Whitman struck and later received a six-figure settlement.

Fiorina didn't start HP, she just ran it for a few years -- and was FIRED by the board of directors when she didn't deliver result.

Posted by: gce1356 | September 16, 2010 1:59 PM | Report abuse

Spend $119 million to make roughly $200,000 per year....now that doesn't sound strange at all! If that's what she wanted, she could have given me the 119 million and I would have gladly paid her 200 grand a year until the day she dies! Too bad I didn't think of that sooner!

Posted by: LogicalThinker_ILM | September 16, 2010 2:05 PM | Report abuse

Well, Fiorina did have HP buy Compaq.

If we dig out how much HP paid and how much COmpaq has earned them I think you'll find Fiorina to be a classic politician: Spends big and fails to deliver.

Posted by: Anonymous | September 16, 2010 2:21 PM | Report abuse

Compaq was a good buy for HP. I have a data center full of Proliant's to prove it.

Posted by: staticvars | September 16, 2010 2:36 PM | Report abuse

Yeah, I was wondering, why is Meg spending millions of dollars just to get a job that makes so little? What is so special about it? Makes me thinks something fishy is in the air.

Posted by: Anonymous | September 16, 2010 2:48 PM | Report abuse

Meg Whitman has "taxed: eBay merchants in every way she possibly could. Who do you think she would be working for if she became Governor? She is unabashedly greedy, and lives somewhere up in richie land without a clue how 97% of America lives.

Posted by: Anonymous | September 16, 2010 2:49 PM | Report abuse

With all the Republican citings of the forefathers' intentions, I wonder what Washington, Jefferson and Madison, et al would have to say about this?

OOps, I forgot.

It is the Supreme Court who tell us what they would have said.

Posted by: Spectator | September 16, 2010 3:13 PM | Report abuse

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Posted by: Anonymous | September 17, 2010 3:37 AM | Report abuse

The only way Republicans can win an election is to BUY it or steal it - two tactics the GOP wrote the book on. Happlily, the Tea Party is the best thing that could have happened to the Republicans. The snake is finally beginning to eat it's own tail.

Posted by: Anonymous | September 17, 2010 4:40 AM | Report abuse

Man...how big does ones ego have to be to spend this obscene amount of money. We are all aware of what high office can do to peoples judgements...just look at the current governor. So in a true democracy a want to be politician can literally buy any office they want. Why in gods name would voters ever vote for someone that has more $$$ than ideas and good business sense. Spending this amount doesn't appear to make good business sense no matter how we look at this.

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Posted by: Anonymous | September 17, 2010 8:39 AM | Report abuse

Well, I suppose one could say that Meg is contributing to the economic stimulus... that is, if actual working people are getting [at least most of] this money for doing jobs related to the campaign. I hope that's the case. Otherwise, it's nothing more than a grand exercise in ego-feeding by a woman with more money (and ambition) than sense.

And, BTW, Meg, I'd re-think that wardrobe if I were you. Shiny baby-girl pink doesn't flatter anyone, especially a CEO in her mid-50s who's trying to sell herself as a serious politician. I doubt you'd get many bids if you offered that suit on eBay.

Posted by: nan_lynn | September 17, 2010 2:02 PM | Report abuse

Wonder what the Republicans would say if any Democratic candidate spent this kind of money! If Meg Whitman has 119 million to spend, how much did she make at e-Bay? And at whose cost did both she and Carly Fiorina accumulate their wealth? All these CEOs shed jobs, destroy the livelihoods of families to push up the stock prices, which in turn lets them encash their dirt cheap stock options. Absolutely disgusting. Both of them must have walked away with hefty payoffs, when they left or were eased out of their CEO jobs.
Then take the case of Palin and Beck, they are taking the Republicans and Tea party folks for a ride. They have already pocketed millions in the last 2 years by bashing Obama and spreading their lies. Wake up America!

Posted by: Anonymous | September 17, 2010 3:20 PM | Report abuse

What does the old Reagan bag know about politics?
She is the ignorant little woman who could not stand the cultivated and knowlegdeable wife of prime minister Gorbachov, and was relegated to talk about her kids and the kitchen, while raise Gorbachov wanted to discuss American art and literature. She is the perfect republican little thing. Remember Laura Bush? The same crapp but younger.

Posted by: Anonymous | September 17, 2010 5:18 PM | Report abuse

Angry angry people. Hope the recession ends soon.

Posted by: wesatch | September 17, 2010 6:22 PM | Report abuse

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