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Julia Wilkinson AuctionBytes Blog
Covering auctions, collectibles and marketplace selling.

Julia Wilkinson is Editor of the AuctionBytes Blog and is author of the "eBay Price Guide," "eBay Top 100 Simplified Tips and Tricks," "My Life at AOL" and numerous ebooks about selling online. You can also find her writing on Yard Salers.
Tue Oct 7 2008 22:14:31

McCain Touts eBay's Whitman as Treasury Secretary During Debate

By: Ina Steiner
Sponsored Link

Only ten minutes into the US Presidential debates Tuesday evening, Republican candidate John McCain mentioned former eBay CEO Meg Whitman. Moderator Tom Brokaw had asked the candidates whom they saw as possible replacements for Henry Paulson, United States Secretary of the Treasury. McCain made the obligatory reference to Warren Buffet, then launched into a sales pitch for Whitman.

"I like Meg Whitman. She knows what it's like to be out there in the marketplace. She knows how to create jobs. She headed a company that started with only 12 people, and now 1.3 million people in America make their living on eBay." (For those of you who might be joining this post from outside the eBay world, that's known as "eBay math.")

He continued, "It's gonna have to be someone who inspires trust and confidence."

It's possible the recommendation came from Paulson himself. Whitman served on the Board of Directors at Goldman Sachs when Paulson headed the firm. When Meg was forced to step down from the Board due to a conflict-of-interest scandal involving "spinning," Paulson praised her (2002):

"We are grateful to Meg for the contribution she has made as a director," said Henry M. Paulson, Jr., Chairman and Chief Executive Officer. "We have benefited from her insight and dedication, and thank her on behalf of Goldman Sachs and its shareholders."

So do eBay sellers care about McCain's selection? You betcha! I started receiving emails from readers and noticed Twitter lit up with comments from eBayers - including the very man who hired Whitman, eBay founder Pierre Omidyar. Following his "tweets," it turns out he's not a great fan of the man who might next hire Whitman.




Comments (95) | Permalink
Readers Comments

McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
This user has validated their user name. by: Ed Gadfly
       
Tue Oct 7 22:34:44 2008
Obama's association with ''domestic terrorist'' Bill Ayres doesn't scare me as much as McCains association with Meg Whitman, the economic terrorist.
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: o.c.d.collectibles
       
Tue Oct 7 22:38:41 2008
yes, she created jobs, but she also created that monster John Donahoe. And he CUT those same jobs.I don't see anyone from that company as trustworthy,including Pierre. He has been a big supported of all the changes on ebay that we have been seeing.
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: o.c.d.collectibles
       
Tue Oct 7 22:38:53 2008
yes, she created jobs, but she also created that monster John Donahoe. And he CUT those same jobs.I don't see anyone from that company as trustworthy,including Pierre. He has been a big supporter of all the changes on ebay that we have been seeing.
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: NO FOR MEG
       
Tue Oct 7 22:38:58 2008
even more reason go with the O!


f that c
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: NO FOR MEG
       
Tue Oct 7 22:44:27 2008
ps (yes, i know that the whole market is having a bad week, but ....)
how 'smart' is mccain for hyping ebay, the same day as their most recent 52-week low
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: o.c.d.collectibles
       
Tue Oct 7 22:50:21 2008
Like most public figures and people who do not actually buy or sell on ebay, they have no idea what is going on here. It's up to us, the interested parties, to educate and promote awareness among the outside world of non-ebay'ers!

Make it your business to post on any media site and any tech or financial site you can register on, where a "spin" story shows up with ebay's title in it!
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
This user has validated their user name. by: Ming the Merciless
       
Tue Oct 7 23:14:12 2008
Meg Whitman for Secretary of the Treasury?

Instead, let's resurrect Ken Lay and Al Capone and let them run Treasury.

After hearing that out of McCain, it was time for a double dose of Prilosec.

Meg Whitman should be indicted not appointed.
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: Nancy
       
Tue Oct 7 23:34:34 2008
That IDIOT has no more business as Treasury Secretary than my CAT!!!!

Let us hope and PRAY that now we all know who to vote for.

And I AGREE I am ALOT less worried about Bill Ayers.

Meg Whitman, she'll raise taxes by DOUBLE TWICE in a year, and then tell us that we can get a ''discount'' if we contribute to her DSR.C fund..... (Demented Secretary Ruining Country fund)

Please, everyone, contribute to the Alzheimer Assoc., Mr McCain NEEDS HELP!
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: unaware
       
Wed Oct 8 00:04:01 2008
eBay grew in spite of Meg Whitman, not because of her great leadership or business sense. Remember when eBay bought half.com and then proceeded to ruin it? Why you would want to take a successful business model (one that eBay is now desperately trying to get back into) and do everything you can to kill it off like eBay did to half.com I will never know. And you did not have to be a business genius to know that Skype was a poor fit for eBay and that the price being paid was WAY more then required. To give Meg some credit, she did oversee eBay during its growth years and I am sure there was some real work involved with that but really as far as strategic moves or business planning went, a cardboard cutout sitting in her chair probably would have done as well. Meg as Treasury Secretary? Don't we have enough problems as it is?
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: Henrietta
       
Wed Oct 8 00:19:40 2008
GOOD Grief!
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: matt
       
Wed Oct 8 00:27:02 2008
Let's be honest, does it really matter? McCain is getting his ass kicked in the polls. He isn't winning.

Like someone said...if she is responsible for what is going on at Ebay now, she should be in jail.
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: Bill
       
Wed Oct 8 01:17:42 2008
Being a member of the RNC for as long as I can remember and always liking McCain in his previous years, all I can say is that he has definately lost his marbles. Those years in the Hanoi Hilton are finally catching up to him. First he picks a book burner for his VP and now he is picking a witch for the Treasury? What kind of brew are we getting in to.
Obama is one of Richie Daley's boys and Biden will push the button faster than you can say Jack Rabbit if he gets into one of his tyrades.
I guess good old Ralph Nader is all that we have left to vote for and you know he won't win.

What is the date that is supposed to be the end of the world? I know it is only a few years away.

Bill
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: Lisa
       
Wed Oct 8 02:55:32 2008
Maybe Joe Nacchio's acquittal will hold up and he'll be available. Is that guy from Tyco out of jail yet? There's got to be better choices.
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: Daniel
       
Wed Oct 8 04:56:21 2008
Whitman as Treasury Secretary...well there goes the country
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: eBay is Scum
       
Wed Oct 8 05:42:37 2008
Oh, that's funny. OLD, feeble. out of touch, angry white man touts eBay's biggest failure - perfect.
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: what now
       
Wed Oct 8 05:57:19 2008
If her financial savvy is attributed to eBay, then WHY WHY WHY has she dumped or donated her shares of stock?  Perhaps the monster is failing?  The 1.3 million sellers is a number that is as out of touch as McCain's view of the American people.
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: tj
       
Wed Oct 8 06:08:54 2008
LOL..............AMERICA Hellooo????? is there anyone home.

ROFLMO, best laugh all week...sorry forgot about Bugmelater..LOL
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: Jeff S
       
Wed Oct 8 06:43:07 2008
Not you Tom.
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: bonni
       
Wed Oct 8 07:37:21 2008
Pierre's got a lot to answer for. The monster that is eBay happened under his watch. He's on the board of directors and has been since the beginning. I usually love it when "geek makes good", but in this case, he can stick his "all people are basically good" in the the orifice of his choice.

As for Meg Whitman, the fact that John McCain thinks she's a great financial wizard just shows how profoundly out of touch he is with the real world. He can't even send an email (by his own admission). I'm damned sure he's never bought or sold anything on eBay, and he wouldn't be able to figure out how to read a blog or a message board if his life depended on it. No wonder he thinks Meg is great. He just believes anything she tells him...
McCain Touts eBay's Whitman as Treasury Secretary During Debate   McCain Touts eBay's Whitman as Treasury Secretary During Debate
by: Kal
       
Wed Oct 8 07:41:21 2008
"It's gonna have to be someone who inspires trust and confidence."

Now there's a laughable quote if I ever heard one.

Trust? Confidence? Whitman? eBay?

Vomit time.
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