Whitman Mag (Meg Whitman)

Whitman Mag (Meg Whitman)

Margaret "Mag" Uitmen (engl. Margaret Cushing 'Meg' Whitman) is the American manager, the candidate for governors of California of Republican Party in elections of 2010. During the period from 1998 to 2008 headed eBay company, since 2011 directed Hewlett-Packard corporation, since 2015 - the head of Hewlett-Packard Enterprise.

Biography

Was born on August 4, 1956 in New York. In 1977 received the bachelor's degree on economy in Princeton University, in 1979 - degree of the Master of Business Administration at the Harvard business school.

Worked at managerial positions in the companies Procter & Gamble, Bain & Company The Walt Disney Company, directed Florists' Transworld Delivery company (the large company on trade in flowers).

1998-2008: Head of eBay

From 1998 to 2008 Whitman was the CEO and the president of eBay company and was a part of its Board of Directors.

On a wave of a boom of dotcoms Whitman was succeeded to amass a billion fortune.

As of 2010 took the fourth place in the list of the richest women of California with private means of $1.3 billion. At this time Meg Whitman holds the 285th place of rating of 400 richest people of the USA of Forbes and also the 18th line in the rating of 100 most influential women of the world prepared by the same edition.

2010: Loss of $140 million on elections in governors of California

In 2010 Whitman became the candidate for governors of California of Republican Party, but did not manage to win. This campaign cost it $140 million own means.

2011-2015: Head of HP

In September, 2011 it is appointed the CEO of Hewlett-Packard.

Observers noted that if Whitman is possible to result HP in success, then profit on the options belonging to it will allow to compensate huge costs which it incured during unsuccessful participation in pre-election fight for a chair of the governor of the State of California, the USA.

2012: Reduction of compensation in NR because of losses of the company

The head of Hewlett Packard Meg Whitman for 2012 earned $15.4 million: for the company of such level it is not too large sum that, most likely, is connected with the fact that last financial year the vendor showed net loss.

Basic salary Whitman for 2012 was only $1, and a bonus - $1.7 million. All rest of compensation is made by income from options and actions. In comparison with the digits sounded earlier compensation of the top manager was about 30% less.

Uitmen, one of the former managers of auction service EBay also is once the candidate for governors of the State of California, came to HP slightly more than a year ago, fall of 2011, during rather difficult period for the company. Practically at once Whitman put forward the anti-crisis plan which included reduction of 29 thousand jobs within two years and also failure from sale of the division which is responsible for production of computers. Nevertheless, for 2012 the share value of HP fell by about 39%.

At the time of Meg Whitman appointment to a post of the head of HP it was announced that the total cost of its compensation packet will be $16.5 million a year. In 2011 among compensations which fell to the share Whitman there were options set of 1.9 million actions whose cost is estimated at $16.1 million.

Whether Whitman will be able ever to cash the options which are available for it, will depend on the market value of HP. So far securities of the company are in a depression since that moment as the company dismissed the predecessor Whitman,[1] Leo Apotheker, in September, 2011.

Official salary Whitman as it is already told above, at the moment is only $1: so much it will receive until brings the company out of crisis into which it was plunged by one more ex-director,[2] Mark Hurd and the scandal provoked by it in 2010.

As well as most the companies, HP tries to coordinate issue of options to top managers to achievement of specific results of activity by them. So, a part of packets will not pass on hand Whitman until stocks of the company exceed a certain mark during the period till October, 2013.

2015: Head of Hewlett-Packard Enterprise

In November, 2015 Meg Whitman headed Hewlett-Packard Enterprise, one of two companies which resulted from the section of HP corporation.

2017: Departure from the job of the head of HPE

On November 21, 2017 the CEO of Hewlett Packard Enterprise (HPE)  Meg Whitman announced resignation after six years of the management of the American IT corporation. Its place will be taken on February 1, 2018 by the president of HPE Antonio Neri.

2019: Purchase of a share in football club "Cincinnati"

At the end of November, 2019 it became known that Meg Whitman purchased a 20 percent share in the football club FC Cincinnati acting in the highest division of a system of football leagues MLS of the USA. Read more here.

Family

She is married, two children.