House examines Whitman stocks
University trustee and eBay CEO Meg Whitman '77, whose $30 million contribution to the University will enable it to build a sixth residential college, got preferred access to and made quick profits on initial stock offerings because of eBay's relationship with investment bank Goldman Sachs, congressional investigators have said.A spokesman for Whitman, Kevin Pursglove, declined to comment yesterday on the allegations, and a Goldman Sachs representative denied the charges.University spokeswoman Lauren Robinson-Brown '85 also declined to comment last night.As part of a larger investigation into corruption and collusion on Wall Street, House Financial Services Committee Chairman Michael Oxley (R-Ohio) released on Wednesday the findings of his look at ties between investment banking firms and their clients and the effects of these ties on average investors.




