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eBay (EBAY)'s outgoing CEO jumps into politics

Posted Mar 17th 2008 4:31PM by Michael Fowlkes
Filed under: Management, eBay (EBAY), Politics, Presidential elections

Over the past ten years, eBay (NASDAQ: EBAY)'s CEO, Meg Whitman, has had a love / hate relationship with eBay users. No matter what your personal thoughts are regarding Whitman, you have to give it to her; she did take eBay to levels no one would have dreamed possible just ten years ago.

Well, her tenure at eBay is coming to an end, and her next move is into politics, working high up in Senator John McCain's Presidential campaign.

Back in January, Whitman announced that she would be stepping down from eBay to pursue philanthropy and politics, and her first big step is going to be serving as co-chair of Senator McCain's national presidential campaign.

While we still have not reached the point of McCain being announced the official Republican candidate for the upcoming election, it is all but a forgone conclusion that McCain is going to be the Republican's choice for November's pivotal election in America. After a rocky eight years with George Bush running the show, the Republicans are definitely going to have their hands full with this year's election, and Whitman is coming on board to have a leading role in the campaign's financing and policy development.

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Corporate sponsorship targets colleges

Posted Aug 2nd 2007 5:31PM by Kevin Shult
Filed under: Competitive strategy, Marketing and advertising, Entrepreneurs

Universities have been known to take donations from anyone willing to write a check. For those willing to donate significant amounts of money, usually alumni, there's sometimes an atrium, a street or even a building named after them as a tribute. Then renaming the University of Iowa's College of Public Health to The Wellmark Blue Cross & Blue Shield School of Public Health shouldn't turn too many heads. Right?

The University of Iowa is contemplating whether to rename its College of Public Health after the philanthropic arm of Blue Cross & Blue Shield in exchange for a $15M donation, USA Today reports. This has sparked debate on where universities should draw the line when accepting corporate gifts.

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Will Obama beat Romney?

Posted Apr 6th 2007 12:14PM by Peter Cohan
Filed under: Presidential elections

While the official results of the first money primary won't be posted until April 15th, the unofficial results suggest that Mitt Romney was the Republican winner and Barack Obama topped the Democratic pack. Does this mean that Romney and Obama will win their respective party nominations? Of course not -- but it does reveal some interesting competitive dynamics.

What is the first money primary? It's a media concoction that compares how much money the 2008 candidates raised in the first reporting period ending March 31st. And it determines winners based on two criteria:

  • How the candidate did relative to expectations; and
  • How much money the candidate actually raised.

So even though Obama, who raised $25 million, brought in $1 million less than Hillary Clinton, he was perceived to have beaten Clinton because she was expected to raise much more than newcomer Obama. Meanwhile Romney -- who lags in the polls behind Rudolph Giuliani and John McCain -- simply raised much more money than his rivals.

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DJIA-6.3511,377.86
NASDAQ-6.032,288.41
S&P 500+1.101,274.80

Last updated: July 09, 2008: 11:22 AM

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