Former Ebay CEO Meg Whitman: Money Can Buy Love But Not Elections

Former ebay CEO Meg Whitman

Final election reports released Monday show  California Governor Jerry Brown spent about $36.5 million in his successful bid to become governor, just a fraction of the $178.5 million spent by his Republican opponent, Meg Whitman, in what was the costliest campaign for statewide office in the nation’s history.

Brown was buoyed by millions of dollars in spending by union-backed groups. But Whitman, the former eBay CEO, tapped $144 million from her personal fortune and raised the rest from donors in the 2010 California governor’s race, including the primary and general election cycles.

She surpassed the previous record for personal spending in a campaign – the $109 million New York Mayor Michael Bloomberg spent in his quest for a third term.

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