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Sun Nov 23 2008 16:34:50

eBay's Pierre Omidyar and Meg Whitman Gift Stock

By: Ina Stock

Sponsored Link

eBay founder Pierre Omidyar and former President and CEO Meg Whitman, who serves on the Board, gave away millions of their stock last week. Each filed a Form 4 with the Securities and Exchange Commission. Whitman gave 300,000 shares on Tuesday, and Omidyar gave 9.6 million shares on Thursday. The SEC forms do not require the filers to indicate the recipients of the stock. Whitman had gifted 200,000 shares in August, also to an unknown recipient.

The stock closed at $12.01 on Friday, multiplied by 9.6 million, makes Pierre's gift worth about $115 million, and Meg's about $3.6 million.

 




Comments (38) | Permalink

Readers Comments

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: dan

Sun Nov 23 17:23:57 2008

Is it my blurry monitor or does the above photo make Meg look like she has a beard.

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: Ken

Sun Nov 23 17:32:24 2008

I can honestly state they did not give any of it to me.

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: Daisy

Sun Nov 23 20:17:47 2008

If I was one of the recipients, I'd have already sold those shares before the price got any lower.

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: Nancy

Sun Nov 23 22:29:03 2008

UNKNOWN recipient MY EYE.

Did anyone LISTEN to the McCain speech where he outright SAID he liked her for Treasury Sec'y??

JEEEZ you don't have to be INSPECTOR CLOUSEAU.

hee, hee, hee darned good thing HE didn't win.

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: zahahaha

Sun Nov 23 22:36:50 2008

Oh come on these two are masters at the game of tax write off's...Stock valued at $40...given away at $12...= a $28 LOSS which as it was a gift can be totally off set against the tax paid on the $60 share cash-in early this year;
A load of bull..people like this make me sick in real terms thay do nothing that will be of no benifit to themselves...shows perfectly why the world is in the mess it is, greedy sad people

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: anon

Sun Nov 23 23:13:32 2008

dear meg & pierre,
THANK YOU FOR YOUR GIFT!!
however, you sent it via Paypal and they are claiming that they need to hold the funds for 21 or more days. do either of you know anybody over there to help? (probably not, but i thought i'd check).

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: coolbreeze

Sun Nov 23 23:21:35 2008

Not a fan of ebay or these two people, but, I am sure if it was your money or shares, you would not feel the same way about the transaction. ebay sellers have  the same mind set, only they (sellers) can make money and prosper. Not ebay. That's funny.

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

This user has validated their user name. by: Mercy the Mingless

Mon Nov 24 00:20:30 2008

Hopefully the stock was given to set up an agency that helps unfairly suspended ebay sellers survive.

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: MBA West Coast

Mon Nov 24 01:01:24 2008

@coolbreeze

I think the scale of your comparison is a bit too broad. When ebay ''makes money'' as you say, its an unfathomable amount compared to any sellers, big or small.

Meg Whitman owns her own airplane, how many sellers could even afford the fuel?

Many pragmatic business people who are sellers on ebay would be completely happy for ebay to prosper and make lots of money for their services.

The problem is sellers aren't getting enough value anymore vs the ever inflating fees that ebay charges. Services not rendered. Glitch glitch glitch, etc/all. Buy.com, secret deals with diamond sellers, you know the rest...

It's like comparing the zillianaire CEOs of the auto industry with their multi-millon dollar corporate parachutes to the guy who works on the assembly line as a welder... who is doing the exploiting and who is the exploited?

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: eBayer

Mon Nov 24 03:13:30 2008

Apparently Meg is worth more than a billion dollars. Donating a few eBay stocks, which are not not even good for dry tinder, is therefore like leaving a hard-working waitress pennies for a tip. Shame on you Meg for your tax-loss induced "gift"!
Btw, if the picture is any indiction, you need to address your health issues.

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: e-DUDS

Mon Nov 24 06:46:58 2008

In reply to coolbreeze, above, (or should that be freezingblast haha), I'm sure most sellers haven't given more than a passing thought to how much money ebay make until they start puttin' on the squeeze and keeping peoples' hard earned money for no fathomable reason!!

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: coolbreeze

Mon Nov 24 07:01:45 2008

The bottom line, if you don't feel like you are being treated fairly by your beloved ebay and croonies then move your junk off THEIR site. I bet you wish and can only dream of being either one of these people. Think how successful they have been taking your money because you continue to let them and do it legally. Who is to blame? You have choices. Whine Whine Whine, it is not your site. Ha Ha you fools.

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: Ron

Mon Nov 24 10:39:08 2008

Coolbreeze
  You took the words out of my mouth. If the bashers only knew how foolish they sounds bashing the hands that feed them!

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

This user has validated their user name. by: Bill

Mon Nov 24 11:06:14 2008

Ron...That's the problem, it's people like you that don't have a real job that  sit on their lazy Ass selling on eBay.

If eBay is the only hand that feeds you maybe you should look into further financial options.

You people who like to lick the crevices of Megs ass get what you deserve.

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: mbstevens

Mon Nov 24 11:53:43 2008

Just a political strategy for Meg - isn't there talk of her running for governor of California?

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: mbstevens

Mon Nov 24 11:55:33 2008

Awww - the smell of arrogance -

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: ty

Mon Nov 24 12:19:33 2008

Does Gift = Charity?
How do we know these weren't gifted to family members?

Althouigh, I usually "gift" my out of style clothes at the end of the year to a charity for a write off. Maybe the stock has more value to them being given away then keeping.

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: All American

Mon Nov 24 12:22:45 2008

@ty
Yep......the stuff I used to sell on eBay has more value now if I drop them off at my local Goodwill for the write off then paying listing fees in a market where nothing sells.

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: What the?

Mon Nov 24 12:59:54 2008

Why are people here making fun on how an individual looks like? People here are so childish. If you don't get your way, you whine like a baby. Sick. Don't like ebay, go somewhere else. Some do well. some don't. Facts of life.

eBay's Pierre Omidyar and Meg Whitman Gift Stock   eBay's Pierre Omidyar and Meg Whitman Gift Stock

by: dan

Mon Nov 24 15:36:36 2008

Meg occasionally communicated with the seller community. . .When was the last time JDonahue made a community announcement.

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