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January 05, 2009

Meg Whitman may run for governor of California

Prominent businesswoman and McCain supporter Meg Whitman is considering running for governor of California in 2010, according to multiple news outlets.  The state's current governor, Arnold Schwarzenegger is prevented from running for a third term.

She resigned today from three corporate boards this afternoon.

Whitman would face an uphill battle running in a solidly Democratic state, but Schwarzenegger has offered a business-friendly, socially moderate face of the GOP that Whitman could well emulate.

From Reuters:

Former eBay Inc Chief Executive Meg Whitman has resigned from three corporate boards for personal reasons, a turn-of-the-year move that would free her to run for governor of California.

Term limits mean Gov. Arnold Schwarzenegger, a Republican like Whitman, must leave the job in 2010, and high-profile figures in the Golden State from Democratic Senator Dianne Feinstein to former high technology executives are considering making a run.

The job will be difficult, barring a major change in the economy: California is in crisis as housing foreclosures and unemployment rise and state revenues fall. Credit markets are closed to it and state coffers may be empty in about a month.

Whitman quit the boards of Procter and Gamble Co (PG.N), eBay (EBAY.O) and DreamWorks Animation SKG Inc (DWA.N) on Dec. 31 for personal reasons, spokesman Henry Gomez said.