April 24, 2010 |
Meg Whitman says she lives by the principle of doing the right thing. It's there in the very first line of her autobiography. "What is the right thing to do here?" she recalls challenging her underlings at EBay, where she was chief executive, after some troubling issue of customer service had arisen. I've been trying to reconcile that principle with her actions in what's become known as her "spinning" scandal. Eight years ago, it came out that Whitman was among an elite group of favored executives who had accepted preferential stock deals from Goldman Sachs while it was seeking business from their companies.
January 30, 2004
* EBay Inc. founder and Chairman Pierre Omidyar reduced his holdings in the world's largest Internet auctioneer by 2.5%, selling 3 million shares to invest in Montage Hotels & Resorts. The hotel company is seeking approvals to build a 222-room hotel in Beverly Hills. * Nissan Motor Co. said worldwide sales in the fourth quarter increased 12% to 719,696 vehicles. Sales in the United States rose 15.3% to 198,946.
April 29, 2005 |
Internet giants Amazon.com Inc. and EBay Inc. announced they were settling unrelated shareholder lawsuits. Amazon agreed to pay $20 million to settle a suit alleging that it misled investors in February 2000 when it sold 690 million euros ($681 million) of debt.
July 30, 2006 |
The new season of "Project Runway" is underway, with six of 15 designers from the Golden State. That must make you wonder what became of last year's L.A. contestant, Nick Verreos. Well, he just taught a course at the Learning Annex on how to break into the fashion industry. You may be thinking, "Those that can't . . ." But think again: Donald Trump, Larry King and Sarah Jessica Parker have been Learning Annex instructors, too.
March 26, 1999 |
America Online Inc. agreed to feature EBay Inc.'s top-ranked online auction service on its service, which reaches more than 16 million customers, for $75 million over four years. AOL will receive all advertising revenue and may sell advertising on EBay's Web site under the agreement, which expands earlier pacts. San Jose-based EBay's listings, message boards and ratings will be featured on customized Web sites on AOL, CompuServe, Netscape's Netcenter, ICQ and Digital City.
October 27, 1998 |
EBay Inc. shares surged 46% on optimism that the online auctioneer's third-quarter earnings report today will beat analysts' estimates. EBay shares, first sold to the public Sept. 24 at $18 each, rose $23.25 to close at $73.38 on Nasdaq. The surge sent EBay's market value rocketing to more than $2.9 billion and made its founder, Pierre Omidyar, a billionaire. The company is expected to earn 3 cents a share for the quarter, the average estimate of five analysts polled by First Call Corp.