reddeer
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posted on November 3, 2000 01:45:45 PM
Must be nice ..........
http://biz.yahoo.com/rf/001103/n03263171.html
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computerboy
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posted on November 3, 2000 01:51:00 PM
$34 million is pocket change for Meg, as she's now most likely worth almost a billion...
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rancher24
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posted on November 3, 2000 02:16:13 PM
Guess she's gonna start her Christmas shopping early!
~ Rancher
[ edited by rancher24 on Nov 3, 2000 02:17 PM ]
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sissyclarke
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posted on November 3, 2000 02:20:34 PM
 what to do! what to do!
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rnrgroup
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posted on November 3, 2000 02:25:44 PM
We told you to FOLLOW the MONEY as the reason for all the supressing of information and LIES - nice to be omniscient - Washington, Nov. 3 (Bloomberg) -- Margaret Whitman, chief executive of eBay Inc., filed with the Securities and Exchange Commission to sell 600,000 common shares of the online auction company. Whitman listed the value of the shares at $33.4 million and the date of sale as Oct. 24 in a Form 144 filed with the SEC. She obtained the shares through the exercise of company stock options in November 1997, the filing said. Shares of eBay, based in San Jose, California, have fallen almost 14 percent so far this year. The shares fell $3.50 to $53.94 in late trading. -------http://www.cnetinvestor.com/newsitem-fd-bloomberg.asp?symbol=107086957
-Rosalinda
TAGnotes - daily email synopsis about the Online Auction Industry
http://www.topica.com/lists/tagnotes
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rnrgroup
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posted on November 3, 2000 02:37:26 PM
Follow the Money... Follow the Money... Follow the Money... Two additional filings showed that eBay's chief operation officer, Brian Swette, plans to sell 180,000 shares valued at $10 million and company insider Mike Jacobson intends to sell 70,000 for $3.9 million. http://biz.yahoo.com/rf/001103/n03263171.html
It is surprising BrianS has any shares left to sell, thoguht he got rid of just about ALL of them! -Rosalinda
TAGnotes - daily email synopsis about the Online Auction Industry
http://www.topica.com/lists/tagnotes
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amy
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posted on November 3, 2000 03:17:30 PM
Rosalinda omniscient?.....best laugh I've had in ages.
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AnnieJean
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posted on November 3, 2000 03:22:01 PM
Kinda makes me wonder W.H.Y. the powers that be are selling off these shares. Must have something to do with functionality!
[ edited by AnnieJean on Nov 3, 2000 03:24 PM ]
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radh
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posted on November 3, 2000 03:39:29 PM
Don't spend it all in one place, Maggie!!!
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dimview
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posted on November 3, 2000 03:42:38 PM
Doesn't it make you wish their brokerage company's computer system crashes just as they are getting ready to enter the "sell order"?
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heygrape
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posted on November 3, 2000 03:50:01 PM
Does this mean we will never get to hear those words from Meg that we would so like to hear?
"Would you like fries with your order?"
Well.....poo......
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jfpnatl
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posted on November 3, 2000 03:57:20 PM
If I owned stock I would be selling too! Especially with the problems of late, cash in while the going good!!
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radh
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posted on November 3, 2000 03:57:42 PM
Why, g00dne$$, heygrape!
YOU should be excited!!!
Your very favorite eBay executive now has enuff moolah to retire.
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radh
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posted on November 3, 2000 04:00:30 PM
Conratulations, Margaret Whitman!!
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heygrape
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posted on November 3, 2000 04:09:46 PM
Ever feel like roadkill in Meg's Path?
[ edited by heygrape on Nov 3, 2000 04:26 PM ]
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mballai
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posted on November 3, 2000 04:55:26 PM
This sort of thing happens all the time folks. I've seen Gates, Allen, Ballmer and other Microsofties selling their stock before. It doesn't necessarily mean much except that they might feel their money is better invested off Wall Street, not that eBay itself is about dive. A 14% hit would make me want to put some of my eggs in another basket too. The stock market can't find its wallet with both hands lately.
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macandjan
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posted on November 3, 2000 05:06:24 PM
jfpnatl - You don't have to own it to sell it short..........
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radh
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posted on November 3, 2000 05:10:43 PM
oh, mballai! Don't spoiL the fun, these folks just itchin' for eBay stock to tank and IMO, some R thinkin' a chatboard has the ability to start the avalanche. HoW can you say something SO logical & rational in the face of that emotionalism. Only thing that's gonna tank, IMO, starts with an "A", not no "e", LOL!
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chum
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posted on November 3, 2000 05:37:02 PM
Hey money cant buy happiness! Um ok I admit I lied! Does she own her own bank?
[ edited by chum on Nov 3, 2000 05:37 PM ]
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rnrgroup
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posted on November 3, 2000 05:44:01 PM
Amy - ROFLOL - I thought it was funny too - my sick sense of humor I am afraid  -Rosalinda
TAGnotes - daily email synopsis about the Online Auction Industry
http://www.topica.com/lists/tagnotes
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tomyou
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posted on November 3, 2000 06:02:05 PM
Large October sales in the Market is not anything out of the ordinary. These must be done by october for tax purposes. It hard to expalin and I am sure not the one to be able to explain it all but it means very leittle in the big picture. If you follow the market you will see these large mass sell offs every OCtober. It really doesn't benifit the small market guy but is a must for a large player. It actually creates so bargin hunting if you are selective and know what to look for.
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radh
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posted on November 3, 2000 06:33:28 PM
tomyou: you're absolutely RIGHT! Each and every October there is a BIG sell off, as this is year end for a number of the larger Mutual Funds. This is a big reason why the tech sector, sans eBay, absolutely tanked as they wanted to sell those substandard investments and declare LOSSES on them for their year end reports.
And that, folks, is all I remember from two paragraphs I read in the newspaper recently.
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toyranch-07
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posted on November 3, 2000 06:37:58 PM
Brian Swette is the COO, and is 2nd in command behind Meg. Brian seems to sell his stock as soon as he gets it.
http://biz.yahoo.com/t/22/5680.html
The idea behind giving execs these stock options is to create loyalty to the company and a desire to make it succeed through their stock option rewards.
Meg's been selling a lot of hers, but it's nothing compared to Brian, percentage wise. He sells his as fast as he can.
http://www.millionauctionmarch.com/
[email protected]
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sg52
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posted on November 3, 2000 06:51:14 PM
The idea behind giving execs these stock options is to create loyalty to the company and a desire to make it succeed through their stock option rewards.
This is very true.
What is not true is that selling indicates less than loyalty or desire for success. It would be irrational for anyone to keep 99% of their net worth tied up in a single stock, and a lot of such sales are for diversification purposes, these people make enough money to live on.
Consider also, options are not usually exercised until one wishes to sell. No reason to exercise an option early.
All that said, a wish to sell may indeed be motivated by an insider's view of the future.
sg52
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browse4stuff
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posted on November 3, 2000 07:32:37 PM
Meg;
I would say you deserve it,but you dont.
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waspstar
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posted on November 3, 2000 07:42:01 PM
What I will never understand is.... If someone is worth $1 billion on paper, and has the ability to cash in on even a tenth of that value, why in God's name do they continue to get up every morning, put on the monkey suit, and go to work in a stuffy office where they get crapped on by most of their customers all day long?
"My possessions are causing me suspicion." - Neil Finn
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radh
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posted on November 3, 2000 08:06:18 PM
waspstar -- in a word: passion
And in this case, not the barbaric passion of a buncha good ol' Big Business Boys out to steal ALL marketshare.
I mean, really! In childhood who ever said, "When I grow up, I want to be the ONE seller of every single book in the world."
YAWN.
That's not passion, that's nutz, IMO!
eBay is a visionary company.
These people are on a mission to provide the world with the best personal marketplace possible.
AND, it doesn't matter HOW MANY mazes and detours they gotta take, they WILL get there.
eBay will cover our planet.
eBay has already changed EVERYTHING.
The economists have not yet noticed, lol.
We are on the eve of the 21st Century and we have entered an entirely new paradigm.
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DoctorBeetle
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posted on November 3, 2000 08:10:00 PM
Waspstar, Some would say that in Meg's case it is because she gets to go to work and crap on most of her customers all day long.
Dr. Beetle
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radh
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posted on November 3, 2000 08:17:24 PM
browse4stuff: I think Meg deserves every single penny she gets, as it is under her direction that eBay not only did NOT follow the path of conventional boring dull mediocre e-commerce - much of which is already dot.GONE and what's left - current stats are that 97% of current dot.coms will vanish within twelve months.
Meg Whitman executed a remarkable business plan, which not merely kept eBay alive but turned it into the one profitable eBiz.
Not too shabby!
While everyone else was listening to them Pied Pipers in Seattle, Meg simply went forward and built the world's most successful eBiz. eBay is well fortified for the next onslaught a few years down the line.
That's when traditional retail Establishment will actually begin to notice us all, and some of them are gonna scratch their heads and then exclaim, "That ain't NO garage sale, whaddya mean an 'online flea market?!'"
When they finally, belatedly, recognize what Whitman did under the radar, they will REACT.
It'll be tooooooo late, though.
That ol' traditional retail Establishment represents the lines of distribution for the Industrial Age, waaaaaaaaaaY back when.
We are postmodern. WE are eBay!
[ edited by radh on Nov 3, 2000 08:19 PM ]
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DoctorBeetle
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posted on November 3, 2000 08:21:01 PM
We are blathering. We need medication!
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