President Meg Whitman: Is Ex-eBay CEO a Good Choice As McCain VP?

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megwhitman2.jpgJohn McCain has picked his running mate (announcement tomorrow) and a theory in Denver is that it's ex-eBay CEO Meg Whitman. If true, is this a good choice?

After some thought, we actually think it is.

That wasn't our first reaction. But our current impression of Meg is colored by the fact that we hold her responsible for the collapse of eBay. (Meg was solid in her early years as eBay CEO, but, in our opinion, she then retired on the job. eBay stopped innovating about eight years ago, shifted into cruise control, made some ludicrous acquisitions to try to prop up growth, and ultimately smashed into the rocks.)

Overall, we think the perception of Meg's CEO skills exceeds the reality.* But that said...

Meg has a ton going for her as a running mate:

  • Good national consumer brand (not hers--eBay's)
  • Instantly approachable and likeable (just a regular billionaire mom)
  • Smart, well-educated (America doesn't care about this, but it helps)
  • Charming and self-deprecating, but also confident (even when making dumb decisions)
  • Huge business cred--in Silicon Valley, Wall Street, Washington, and corporate America (especially useful given cratering economy and declining American competitiveness)
  • Plenty of experience dealing with criticism, press, adulation, screams, etc.
  • Perfect for image McCain trying to re-cultivate: Maverick choice without being scary
  • Unlikely to have scandalous skeletons in closet (Never say never, but we just don't see Meg arranging secret gigolo trysts)
  • Hard to attack without looking petty, mean, and/or sexist
  • Beneficiary of American Dream, without being yet another rich white guy like Romney

Meg wouldn't need any of these attributes as vice president, of course: All she'd need to do is smile, glad-hand, and avoid embarrassing her boss. But as a vice-presidential candidate--and, more importantly, as President of the United States--she'd need all of them.

And what about her glaring weakness...a lack of political experience of any kind? Surmountable. Meg will have to learn just how easy it is to offend millions of voters, but she should be up to that. (And the millions of screaming eBay sellers and buyers will no doubt have been good training.)

If Meg joins the ticket, the Democrats will immediately point out that the first "CEO president," George Bush, hasn't exactly done a helluva job. But Bush's problem wasn't (and isn't) that he had an MBA. He would have been a lousy CEO, too.

Meg Whitman wasn't a great CEO, but she certainly wasn't a lousy one. And she'd be an excellent choice for McCain's VP.


*Meg was solid in the early years, when eBay needed adult supervision, but she also had the good fortune to have climbed aboard a rocketship. Her main success at the helm, in our opinion, was simply not screwing the company up. This doesn't mean that she was lame--just that, in those years, she got more credit than she deserved. And in the five years before she retired, in our opinion, she retired on the job--and set the company up for disaster in the process.

See Also:
First, YouTube, Now McCain Trumps Obama On Search
Barack Obama's Million-Dollar Text Message?
Why Are The Democrats Waffling On Net Neutrality?
McCain Advisor: We Don't Need Facebook; They're Not Our Voters



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82 Comments

Aaron (URL) said:
Henry: Meg would also be an interesting choice b/c the Dems would be a bit hamstrung in saying "but she has no experience" since Obama doesn't have much more. She also couldn't be more of an outsider/change agent from a DC point of view, esp compared with Biden.
ObamaWinsAnyway said:
Mr B,

Completely agree with your * paragraph.

While I think she would strengthen the GOP ticket, I fail to see her adding much to the country.

Government is a very different ballgame than corporate valley life and the stakes are significantly higher.
tantrum said:
Meg would self-destruct before November. She would end up emphasizing how ready Obama is to be president. Her stanceon many issues is so little known that defining her in unfavorable ways would be easy.

She's competent and is a Harvard MBA. The fact that she recently donated 100 million to one of the most elite and already-wealthy institutions, Princeton (to build Whiman House) will really help her connect with hard-pressed working class folks in Youngstown, OH and Flint, MI.

If McCain feels he must pick a woman, he'll pick Kay Bailey Hutchison, the Senator from Texas. No way in hell he's picking Whitman or Fiorina. Hutchison wants (and will easily win) the Texas Governorship in 2010 and may feel that the VP slot is a demotion. It's going to be Romney.


Greg M said:
You have to be kidding me. They are that desperate to try to get Hillary supporters?

McCain is 76 and could kick the bucket - how is she qualified to run the country?

Pathetic. And oh btw, I'm a McCain supporter. Or I am for now...not sure how much longer I can hang on.
Greg M said:
And oh yeah...

Biden will eat her up and spit her out. Maybe Meg should dial in to the VP debate over Skype so she can be fed answers like W was.
steve said:
Very good post Henry. Very objective analysis which is refreshing to hear in a society with far too many stubborn and inflexible opinions. I am an independent thinker that knows solutions will never happen w/o discussing accountability and seeing things through an independent ( free from party bias) lense. Independents also see the logic much more frequently.
Glenn said:
I will not believe it until it's official. It's one thing to call yourself a political outsider (which all candidates like to do). It's another to actually be an outsider. Politics and business are different beasts.

I can see Biden saying during a debate, "The job of vice president does not lend itself to on-the-job training."
Alex said:
hmmm. I don't think so.

Mr.Jones asks: "Ms Whitman, please give us your position on Iraq. How do we solve the territory disputes within the country?"

Ms. Whitman: "Mr. Jones, thank you so much for the opportunity. Yes, I think the best course of action is to have all parties open up an eBay account and put the territories in question into the auction process"
LarryS said:
Yeah, and what great foreign policy experience she has! I know we'll all sleep well when Meg Whitman is the one responsible for protecting us!
Steve said:
You guys with party bias just don't get it. Over 2 TRILLION in defense spending can't be accounted for and guess what?
You don't get any of the slush fund. ( you aren't in the club and they don't give a **** about you)

The defense contractors sure want you too remain fooled.
Pentagon can't find $2.3 trillion, wasting trillions on 'national defense'

http://www.marketwatch.com/news/story/why-we-love-americas-outrageous/story.aspx?guid=%7B0D31C880-32CD-4BA1-8133-329EA57CB069%7D


bolweevil said:
Pawlenty's a shoe-in, everybody else on the short list, regardless of their abilities are too scary (different) for the neocon power base. Great article though.
SteveC said:
Why the press bites on these false leads (Colin Powell, etc.) is amazing. It's just the RNC saying, we'll we considered a woman, we considered a black guy, but...

McCain needs to pick someone who could be president and who has more policy experience than Barack. He needs to say, both halves of the ticket are better choices than Obama. My money's on Huckabee or Charlie Crist.
Meg's a Mormon. I imagine that is still a problem for some of the Republican base McCain still needs to come out in droves.
Tom said:
It's a good pick since they're both gross.
Is she really a Mormon? Had no idea.
shawn (URL) said:
www.ShawnDrewry.com


ebay and microsoft are always doing big things
God she is ugly and fuck he is old.

If you yanks choose him and/or her.. I wish you all the luck in the world.
Patricia013 said:
Ask Ebay sellers if they'd like to see her as president or they'd like to see her run out of town on a rail and her sidekick John Donahoe with her....guess which answer you're gonna get???
David E said:
Yes, we could replace Voodoo Economics with Skype Economics. Give me a break.

So, by Warren Buffet, who I think has a tad more knowledge of the workings of the global economy than Meg Whitman, and is an ardent supporter of Barack Obama and the Democratic economic platform, should throw his hat into the ring for VP.

Also, Buffet has what, 50 years of global economic experience, is giving his self-made $60,000,000,000 fortune to charity upon his passing?

McCain / Whitman
Obama / Buffet

This Article is Ridiculous / This Article is Beyond Reidiculous
Perry said:
I started a guide to the dark horse candidates. Without even a sip of alcohol, promise!

http://www.guidespot.com/guides/john_mccains_running_mate
Darker Horse said:
What about Meg's richer aunt Ivana Old-Whitman.
Although some would argue that an Old-Whitman/McCain ticket would be even stronger, I think many would hold their nose and vote for McCain/Old-Whitman.
Henrietta (URL) said:
Meg needs to be rewarded for her service to the party with an ambassadorship someplace she can do no damage. Some place clean, secure and neutral (which is not a negative any more). Sweden and Singapore come to mind.

Visualizing Meg as vice president to a 76 year old short fuse maverick with a shaky grasp of economics who wants to bomb Iran and stay in Iraq 100 years, no, I would move to far northern central Canada.
phil dewey said:
How many houses does she have?
geewhiz said:
I hate to say this but she has certainly done a lot more in her career than Barack Obama has done in his.
Jane said:
Meg Whitman is a lot more qualified than Obama. At least she has experience running a business. Obama has a bunch of speeches. Oh, I forgot, he also has that "community organizer" thing.
deecee said:
stupidest thing i've read all week, bar none
hehateme said:
John McCain is smart. He will need somebody to iron his shirts!
Stephanie said:
Where did he come up with her? Possibly found her when he was searching for a Pez dispenser?
Vince said:
Jane, Obama has spend more time in elected office than Hillary Clinton. And running eBay is nothing like running the U.S., and with no policy experience at all I would be scared shitless to have her next-in-line with a President who would be 76 at the end of his first term. That being said, this is just the McCain camp floating some names to thank some supporters and to try to get any news coverage they can during the week of the Democratic convention. Whitman became CEO of a company that was about to take off, and she managed to not f*** it up too severely, but she can be blamed for the shape that it's in today.
Sooooth said:
Ronald Regan anyone?
geewhiz said:
I don't want to get into a blown out debate about Barack Obama but it's really hard to say that a state senator, of which they are thousands in the country at any given point, is somehow similar to being the CEO of a Fortune 500 company for 10 years.

Barack Obama is an extremely likeable person and may very well win the presidency, but is in no way a very accomplished person up and until now. His most impressive accomplishment to date is beating Hillary in the primary, not in running something like a company or a state.



hehateme said:
Dick Cheney ran a FORTUNE 500 COMPANY.
geewhiz said:
Dick Cheney was "installed" as CEO of an already huge company. Meg Whitman arrived at eBay very early on and certainly deserves credit for some of their success.

None of this means a hill of beans about Obama's qualifications, which, in my mind, are very very thin.
hehateme said:
She got her ass kicked in japan. She got pimped slapped in china.Ebay has been a total failure in southeast asia. Google has all but killed Ebay on her watch. She left Ebay because she saw the writing on the wall.
McCain will start World War 3 said:
Experience only matters insofar as there is sufficient intelligence to absorb the lessons...

C minus student McCain who graduated something like 895th out of 899 at the Naval academy and wrecked a half-dozen or so planes, who wouldn't have even likely been a Navy aviator if it hadn't been for the Admirals in his family... sadly doesn't fit the mold.

His hard-headed, stubborn, pointless handling of his Hanoi captivity might be mistaken for principle by some, but I'd say consistency is the last refuge of a small mind (haven't we learned a lesson from the last 8 years of a nearly retarded, fratboy, I-am-never-wrong president?).

For balance, he really he should be paired up with a repeat business failure prone to bluster, like say Donald Trump.

Meg Whitman, regardless of her experience or no, would be ill prepared to stop McCain from starting World War 3, or to stop any of the other neo-con, proto-fascist nutbaggery that his "advisers" would be sure to whisper into the ear of what would be an increasingly senile president McCain.

Unfortunately, Palenty et al. likely wouldn't be much different... and Lieberman would instead be the one doing the whispering...

Be VERY afraid. God help us all.



BTW, on the subject of Obama's inexperience:

In the last few weeks or months, the Bush administration has quietly moved to striking against Al Quaida/Taliban targets inside of Pakistan, usually by drone. See this recent article

http://www.telegraph.co.uk/news/worldnews/asia/pakistan/2466468/US-kills-al-Qaeda-chief-in-airstrike,-Pakistan-says.html

This is the EXACT thing that Barack Obama suggested early on he would do if there were actionable intelligence, for which statement he was widely panned at the time as "naive, inexperienced, etc." by McCain / Bush, even Hillary (if I recall correctly).

So who is right now? In fact, it's almost scary how often Obama has been prescient
on foreign policy matters of late...
AZ said:
Most importantly, she's a woman. She'll attract alot of Hillary votes- who voted for her 80% on her being a woman
dj said:
When the left wing nanny state Dem's fall flat on their face......an the old fart wins
geewhiz said:
I like when these debates break out. No one can ever name a single thing that Obama has done that qualifies him to be president. Instead, we get inane attacks against weird (and random) players like Dick Cheney.

As for Obama, just about everyone in the world, except for George Bush, has been saying for years that we should send more troops to Afghanistan so it's hardly worth mentioning that Obama thinks it's a good idea.

We elect presidents because they've been great in their lives. Obama has been ambitious, but great? Nah.
Bill said:
So does this mean if she wins, we have to pay our taxes through a PayPal account?
go4it said:
With that type of money, perhaps fixing the horse teeth would be in order. Anyone else thinks she looks like Kathy Bates from Misery?
hehateme said:
Dick Cheney is a random player? That's like saying Rudolf Hess (Hitlers deputy) was just a random player! The nanny state is well funded thanks to George Bush and the GOP. He has spent more money than any damn president. You John McCain ladyboys don't even know how to balance a budget.
geewhiz said:
Dick Cheney has absolutely nothing to do with Obama's stark lack of qualifications and is hardly worth defending. I keep coming back to the same question: Can anyone name something that Barack Obama has done that qualifies him to be president?
effer said:
@geewhiz -- GW had experience, hell his dad was an ex-prez. Cheney had experience. Rumsfeld had experience. Enough said about experience don't you think?
geewhiz said:
I'm not talking solely about experience, I am talking about accomplishment. What has Barack Obama accomplished that qualifies him to be president? Trotting out a bunch of losers from past administrations and passing that off as an argument is weak.

GW has been terrible, but that has nothing to do with Obama. GW is terrible and Obama is unaccomplished. I stipulate to both being true.
JB said:
Nice effort Henry. Tell us, is it difficult typing with your tongue so firmly planted in your cheek?
AnthonyIac said:
Well since we live in a Corporatacracy, then yeah! She'd be a great pick! Because that's what I want, the mentality and mindset of CEO's running this country. How can we make the rich richer? - Cynicism.
Hehateme said:
Ulysses S. Grant did not have the "Qualifications" for leading the union army. His was called a drunk.A pile of dung. The founding fathers did not have the "Qualifications" in the eyes of the British Empire. The jews in Hitlers mind did not have the "Qualifications" to be called human. This whole nation was built with the blood of men who would not meet the "Qualifications" of some small dick Republican.
JB said:
^geewhiz;
Yes indeed, he won the nomination from the party. History (and a shallow understanding of constitutional law) should tell you that is enough. The last person won with arguably similar credentials in the positive column and arguably worse credentials in the negative column.
Hehateme said:
Willie Sutton has lots of experiance. Lets put him in charge.
effer said:
My point is that your point is irrelevant. Accomplishments and experience, while worthy attributes, haven't equated to success as we've painfully seen (if it were that easy, AOL/TWX would be a $100 stock!). I submit that as a leader, communication and the ability to motivate the masses is a much more useful skill. Those that believe the president sits in a vacuum and makes great decisions on his/her own needs to get a sanity check. Any smart leader surrounds themselves with smart technicians and together, they figure out the right path. It is then up to the leader to mobilize the rest of the country to execute. To date, I'm less then impressed with McCain's attack ads (blaming him for the rising price of gas??).. Challenging him about his foreign experience and when he goes abroad and kicks butt, criticizing him for being too much of a celebrity. Such low brow tactics, while expected, is embarrassing...

If you want his resume, read wikipedia.
geewhiz said:
It never fails. Every time I've raised this topic with Obama lovers I get the exact same results --- nothing. No one can ever name a single accomplishment that qualifies him to be president.

Obama has run a great pr campaign and deserves credit for beating Hillary. However, there's not a single thing about his past that proves that he's got any leadership skills. Running a campaign isn't the same as running the country. Making fancy speeches is useless if he cannot follow through. I'm not saying that Obama cannot be a great president, because he just might. All I'm saying is that he's not qualified. I guess we'll agree to disagree on that.

David Saintloth (URL) said:
@Hahateme

Exactly, and I'll add Abraham Lincoln, what were his "qualifications" before becoming president? Answer:Irrelevant. A candidate doesn't have to pass an arbitrarily determined achievement test to be a great president. Lincoln shows that you can have amazing judgment and skill as president without having what geewiz keeps calling "qualifications".

@geewiz
What qualifications did GB II have that you probably voted for him twice in the last 8 years? The fact he was helped into Yale? Or better yet helped into business? Please let us know what outstanding bootstrapped achievement of his convinced you that he should be voted for the first time and then astoundingly, after sending us into a disastrously executed war on false pretenses, re-elected?? You did vote for him twice didn't you??? It amazes me that many of the folks that voted for this chimp in office to this day find it so hard to admit their culpability in our current problems by simply admitting those were mistakes. This shows a dangerous arrogance and ignorance that has unfortunately taken a strangle hold to just about half the populace, but some have seen the light so thankfully...that strangle hold breaks this November.
geewhiz said:
I've never voted for GWB, nice try though. I will vote for McCain simply because I cannot vote for someone that I do not believe has accomplished enough.

Again, I like Obama and think he will someday be a great politician (and possible president). If he's so phenomenal then he will shine in the senate and compel me and many others to vote for him 4 or 8 years from now. He lacks heft right now.

Hehateme said:
Liar.geewhiz you know you voted for GWB. Geewhiz you will vote for Barry Bonds to enter the hall of fame. He has the HGH "Qualifications".
Chauncey said:
Publishing this piece is an embarrassment. I love this: "Smart, well-educated (America doesn't care about this, but it helps)". Yes, well fuck you too.
geewhiz said:
Sorry for being intellectually condistent and for not attacking you personally but I never voted for GWB because I didn't agree with many of his policies.

Still waiting for the list of Obama qualifications OR you can continue to fire off personal attacks --- either way it's fun.
Harold said:
I agree that she would be a super choice.

She gets the soccer moms on McCain's side, especially those a little "secretly scared" by Obama.

She has business cred with the general public, that's McCain's weakest area.

Obama messed up and went with Washington insider Joe Biden, a woman and an outsider to politics would balance the ticket and be a death knell to the Obama campaign (at least for a few days :))
Hehateme said:
Aunt Meg can play with Putins dog.
cj said:
it is stories like this that are so ridiculous that they undermine the core focus and credibility of your journalism. please stop.
ronaldo said:
@GeeWhiz - If you didn't vote for GW (wink, wink) and McCain voted with GW 95% of the time, why would you vote for McCain?

Per factcheck.org

Q:

Is it true John McCain voted with George Bush 95 percent of the time?

A:

Yes, it's true, according to Congressional Quarterly's assessment of McCain's voting record.
Herbie said:
@ronaldo - Don't you mean McSame?
Ian Fisher (URL) said:
The thing that seems to have escaped a lot of people is the fact that much of the intelligence that was used for the Iraq war was gathered by Bill Clinton and Al Gore's administration. Gore publicly berated G.H.W. Bush (1st Bush) for not doing anything about Iraq prior to 1992. This was when Mr. Gore was on the ticket for the V.P. Then after his administration failed to do anything about what he had stated during the election and with all the intelligence that had been gathered, he blames G.W. Bush for doing something. I would have thought that at some point he could have picked a stance. Now you have Obama saying that if he had of been a U.S. Senator at the time he wouldn't have voted for the Iraq war. Well who cares you weren't a senator then. He has yet to admit that he was wrong about the surge in Iraq and he never will. He has a half brother in living in Kenya who is poor and sleeps on the street. He doesn't help him, why should he help America? Look at his qualification and experience; he was wrong about the surge, he was a member of a church that hates America, he doesn't put his hand over his heart for the playing of the National Anthem, oh yeah he is experienced at learning how to not love his country but he sure does love him self. He is not the man for America and he never will be.
geewhiz said:
Hey Geraldo (wink, wink):

I didn't vote for GWB and I will vote for McCain. Why? Because I respect John McCain more than I respect Barack Obama --- simple as that. Barack Obama has accomplished very little compared to John McCain.

You can vote for Obama 'till you're blue in the face. Knock yourself out!

Geraldo said:
GeeWhiz - "Sorry for being intellectually condistent (sic) and for not attacking you personally but I never voted for GWB because I didn't agree with many of his policies. "

Me - McCain voted with GW 95% of the time.

GeeWhiz - I will vote for McCain because I respect John McCain more than I respect Barack Obama. Translated: I don't like McCain's policies but will vote for him anyways.

Me - huh?
geewhiz said:
Now that I've seen the Obama video I stand by what I've been saying. All I've seen is a guy that's been running for president since day one with little special accomplishment.

I'm still waiting for someone, anyone to tell me what Obama has accomplished in his career that qualifies him to be president?
Jabba1 said:
Dirty Hankie:

First, why aren't you disclosing in this article that you own ebay stock? It's on your bio. I couldn't really understand the snark about Meg Whitman until I checked. Ohhh, you're a disgruntled investor.....(though not as disgruntled as those who bought the stocks you touted in 2000...)

Secondly, admit it. To you, Whitman and Yahoo look irresponsible because they didn't squeeze enough blood from their turnips. Damn Silicon Valley laziness. Damn the community-building, damn the network effect. They're a bunch of damn dot-com moonies. It'd be better if they were all run out of town and Murdoch came in. Pfft.

Finally, why are you doing a piece about McCain when the rest of Silicon Alley (which you purport to cover) are rightly critiquing the Obama news? Seriously, even conservative tech commenters see McCain as a ghoul. It's not worth covering this guy. But either someone's paying you off, or more likely, they don't even need to. Your reference seems less Silicon Alley and more Kennebunkport.

Let's call the rag Silicon Alley Docksider...

And yeah, you are the Poor Man's David Brooks. it's too bad the Wall St Journal won't touch you.


donor said:
@geewhiz - "8 is enough" don't you think? lol
cb said:
Meg Whitman will be a great VP candidate. The part that is missed by this article as well as the comments is that it can be claimed that under her watch Ebay empowered millions of small, mom-n-pop, garage based businesses. Its not the stock price of ebay, market capitalization of ebay, or the number of employees of ebay that is the big selling point; it is the fact that ebay enabled the establishment of millions of small businesses that sold stuff through ebay. In this hard economic times that will resonate with many voters. A VP candidate who directly empowered the establishment of millions of small businesses will be a huge plus to the McCain ticket.
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LACJ said:
Hehe, love the right-wing troll. Yes, the only question is whether Obama has enough achievement and experience.

Not that you should compare the two candidate's strengths and weaknesses. Not that you should vote for the one with better policies.

Only whether they have accomplished something. Oh and apparently only if one of them has accomplished something I find to be significant. Like maybe discovering fusion power or something. The other candidate is the default candidate. Why can't all you Obama lovers understand that? its quite simple.

All I ever hear when I ask this simple question is completely unrelated complaints about GWB, the neo-cons, and all the other people who have taken our country from global leader to global embarrassment. Why would that have ANYTHING to do with Obama's lack of achievements in his career? Any of you people take introduction to logic?

To be frank, I am voting for McCain, even though I didn't ever vote for GWB. Not of course because of policy considerations, as their policies are almost identical, but because I admire him so much more than W.

You see, when I look at Obama I just see no accomplishments, nor do I see enough experience. But when I look at McCain, I see a winner! Why, you might ask? Why would thirty years on the DC gravy train give me that impression?

Why, because McCain is my hero! He married money! Do you know how hard it is to do that? W just got born into money, and that's easy.

McCain: American Hero

Now to all of you Obama lovers, I just got one thing to say: Get off my damn lawn!
sturgis54 said:
Meg Whitman as VP? How's about the fact that she has no government/foreign policy experience AT ALL??? How's about the fact that McCain needs someone EVEN RICHER than he is to be his running mate like he needs an extra hole in his head? For god sake... McCain is 72 years old and may not live out his first term. What's all this BS about "not ready to lead?" How the hell does being CEO of an outfit that let's people sell their dead cat to suckers over the Internet make Whitman ready to lead?

steve said:
`If John McCain wants to have a debate about who has the temperament and judgment to serve as the next commander-in- chief, that's a debate I am ready to have,'' Obama said, highlighting his own early opposition to the war in Iraq. ``John McCain stands alone in his stubborn refusal to end a misguided war.'


stubborn is just what I said yesterday
AnthonyIac said:
Um excuse me! Obama is a politician, he's a Senator! CEO's don't need to be in charge of Countries, they need to be in charge of Corporations. They take the companies in the right direction to please the shareholders, to make the rich richer. Obama is also extremely educated, which can't hurt folks! And by the way...McCain is past the retirment age, he's frickin' 72! Do you want senile grandpa running your country? Obama is a candidate for Generation Y. We've already had 8 years of the worst presidency in the history of our country, yes seriously. Let's see, we're in a recession, the U.S. dollar is (and has been) weak. Hmm...yep I think it's time for a change kids!
Tony Choo (URL) said:
And oh yeah...

Biden will eat her up and spit her out. Maybe Meg should dial in to the VP debate over Skype so she can be fed answers like W was.
TV1Turtle (URL) said:
I've read lot good stories on AlleyInsider but this one is...I didn't even read it; just an eye-catcher to increase page views; story with no substance or link to reality...I'm kinda disappointed.

Thanks for the reflection.

TV1Turtle
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Maybe I'm a throwback...but is Pat Paulson still running for President? Even as VP he'd be better than Meg.
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unhappyebaybuyerandseller said:
Things go from bad to worse since John Donahoe has become CEO, no one is happy, I am at the top of that list and the list is very long.

I want to make it clear, I am a wholesaler and not a writer or a stock expert, but I have a first hand inside look having been a powerseller for over 10 years, 1.7 million per year sales and account for $156,000 paid to e bay per year for seller fees, this is the bases in which e bay shows profit or loss in a great way, this does not account for paypal fees charged, seller manager pro, e bay stores. E bay was a beautiful place before it has crashed and failed not only its buyers, but its sellers. This, although it would seem, at the moment, can be seen by the stock prices offered currently.

E bay has spoken, treated us with disrespect, no conformity in answers received from e bay or policy's, put sellers of 10 years who set our business to service the e bay market in a bad financial strain because of an aggressive unfair policy (which e bay keeps it sellers in the dark how to quantitative it), sellers have listed and regrettably moving on to something else. These are resourceful business people who will do well marketing for another company. It should be noted that these sellers are also buyers and I personally buy a few thousand on e bay per year, they will not see another dollar from me.

Anyone considering investing or putting time into future sales may want to take a look at the aggressive policy’s they have put in place (There are little to no direct policy as there has been for the last 10 years) it is now “at there discretion” rather than a written or qualitative policy in many cases. This is making the company policy as un uniform as it has ever been. Even when the rules were written for all to see, there were interpretation issues, however, now it is just up to the person answering the phone or sending the e mail and no room for improvement or debate to better or change. Although communication has always been an issue for E bays customers as well as sellers on message boards complain how hard it is to get in touch with them and when you do no one on the other end seems to be empowered to help or care to do little more than quote out of the corporate handbook offered in form letters and help pages. If you are as lucky as us to have been a powerseller, you can call and sometimes have your call returned within 3-4 business days and hope to be available at the time the call is returned, you can ask the same question to 10 different e bay “officials” and get 10 different answers that do not relate to one another. This is not a speculation, this is based on personal experience as well as discussions with other large sellers. They have turned a blind eye to its sellers and buyers alike. I wouldn't be leaving if there was any good reason to stay.

I admit, service needed to be better, customer service is something that all should be striving to improve, there is a way to do that without destroying the e bay fabric that has worked so well in the past. I have a business to run, so there is not enough time to go into all details of in site, there are many dissatisfied sellers (who drive e bays profit) and dissatisfied buyers (who drive the sellers profit) and it does not take a NBA to fugue out the future.

E bay has done a poor job or emplaning the new changes to its buyers, sellers only after a few months of effect, some loosing there e bay business because of improper, unmonitored data, is still learning and it seems no one knows the answers even at the top account managers level. Its buyers do not realize that the DSR DETAILED SELLER RATING, the 5 stars under the feedback rating is not based on a 100 point scale like every other system in the free world. For example, from 1 to 5, 1 is poor, 3 is average and 5 is excellent. With e bay, 4,5 is average and 5 is good, I am glad they didn't have my math teachers in Collage. So many times buyers rate a 3 when they don't realize they are giving the seller a unacceptable rating that could potentially suspend his/her account from e bay as so many has been suspended in the last 3 months because of improper data that has been now used as the bible of e bay to rate seller performance. It should also be noted that a flaw in the data of the 5 star DSR is that if a customer is happy, they fell that leaving positive feedback served its purpose and they have caused a positive vote to the seller, e bay has not educated the buyer, so they do not leave a star rating at all, and are not required to and a large % do not, but leave a positive feedback as it is not required. But the buyer who is mad and is leaving hasty feedback will be more than motivated to leave a 1 or 2 for all stars. For this reason, good sellers offering great service and products are being suspended from e bay by record numbers, this cuts the life cord of the seller as well as e bay.

Ebay has ruined their market flair for both buyers and sellers. Too many restricting rule changes, increased charges, paypal demands, seller ratings. This has ultimately destroyed their bottom line.
I was talking to another large seller, he said something that is funny but true, he said "e bay is the only company I know to date that has actually implemented the policy of THE BEATINGS WILL CONTINUE UNTIL MORAL HAS IMPROVED"

Ebay is definitely a stock headed down down down. The Wall Street analyst’s who cover Ebay need to find out what is really going on because the sellers who actually use ebay have been seeing it for the past several years as seen by past message/blogs. Anytime a company treats their customers with little or no concern, it’s not a good sign for the future.

There are alternatives to ebay and they are getting stronger everyday while e bay lets it strong sellers go who offer products that drive customers to the site. Many of them showing up to other sites and, yes, drawing e bay customers to competitors site.

CNBC analyst Jim Cramer said he could not get behind the company, and that someone should buy the company "and put them out of their misery." That is a big statement in and of itself, however, that with all the negativity on message boards from its sellers and buyers in the past few months should have already grabbed someone's attention at e bay it would seem and some favorable policy changes would have followed already, this didn't come and could come too little too late.

It has been pointed out that CNBC analyst Jim Cramer said to buy, buy, buy at one time, the people who listened did well at that time. He has good in site to this company it would seem. Now I think this Caramer is a voice to listen to as he has made it clear that there is problems now, not anything that large sellers have not already foreseen for the last year.
http://www.marketintelligencecenter.com/articles/649789

http://www.thepetitionsite.com/1/ebay-buyers-concerned-re-feedback-changes

http://www.thepetitionsite.com/1/new-feedback-policy-unfair-for-sellers

Articles from bias 3rd party's are now starting to surface all over the Internet community, although limited to in site, show they know of seller dissatisfaction:

http://seekingalpha.com/article/95329-ebay-is-a-losing-bid-barron-s



It is speculated that the Standard & Poors rating will be updating soon, because of e bays unpresidented fast and agressive changes made in the last couple of months have not given any room for changes of amindments of ratings yet, but I will asure you they are coming the changes were simply done so fast and agressive that ratings have not had time to catch up. It would be advisable to keep a close eye on this in a few months when agressive policy changes reach the rating level.

I have a dedicated special interest and hope they turn themselves around, but it is going to take some quick and correct policy change to undo what has been done in what would be considered by many as "the most aggressive change e bay has ever done" it is costing sellers there business, although it is realized that a very few had to go, they are taking the good sellers, some of them my competitors out in the process. Not that I am sad to see some of my competitors go, it is still sad to know that these people have sold on e bay for 5-10 years, know they have adjusted themselves to e bay, the kind of inventory, business plan, warehousing and equipment and 100's of thousands in inventory stuck in the warehouse they cannot sell, all of this done to a veteran of e bay because of policy changes made/implemented over just a few months.
Overall fees have been raised twice this year, significantly. STR is dropping like a rock. The Best Match search is fatally flawed and $035 listings are not going to fix that. Buyers can't find anything. Sellers can't sell and are being abused both by eBay with the hateful DSR system, and by bottom feeding scammer/buyers, because there is NO seller protection. There is also NO customer service. Sellers of the unique items that made eBay famous (and who paid listing fees) are leaving in droves, while eBay brokers deals with corporate sellers of new stuff you can get anywhere who don't pay listing fees. And their buyers are following them. Watch the Q3 figures.


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