Word: offing
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Dates: during 1990-1999
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Omidyar says he tried to imbue eBay with a "founding culture" based on the moral principles he absorbed in childhood. "My mother always taught me to treat other people the way I want to be treated and to have respect for other people," he says. "Those are just good basic...
After creating one of the Net's top brands, a company with a market value of some $20 billion, Pierre Omidyar hit the delete key. Months before eBay's IPO--the traditional media coronation for a Silicon Valley wunderkind--he stepped aside in favor of onetime Hasbro exec Meg Whitman...
In 1995, and on his way to becoming a millionaire from a pre-eBay start-up, Omidyar was captivated by the still nascent Internet. Living in Silicon Valley, where companies were going public daily, he was troubled by how imperfectly the financial markets seemed to be operating. "Institutions and large...
Omidyar had a typical programmer's view of the Net. He saw it as a freewheeling, authority-defying medium, and he was proud of his fledgling site's noncorporate orientation. "The first commercial efforts were from larger companies that were saying, 'Gee, we can use the Internet to sell stuff...
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