You know, in a workplace, when you shrink the size of a workforce, there is pain there. But there is no question: we have a government that we can no longer afford.That is the cold, hard fact. So we have to make this more efficient. We have to sunset programs that no longer work. We have to eliminate waste and fraud. We must do this.

If you have fun at your job, I think you're going to be more effective.

Regulation is strangling businesses of all sizes in California, and we've got to streamline regulation so it's easy, not hard. to do business.

Steve Jobs was an iconic entrepreneur and businessman whose impact on technology was felt beyond Silicon Valley. He will be remembered for the innovation he brought to market and the inspiration he brought to the world.

EBay had two main things that really spoke to me. It enabled individuals to do things that they could not have done without the Web. The second thing was what Pierre said: People have met their best friends on eBay. What this has enabled is truly online community.

I want to work with the teachers' union. But as I said out there, we have to put the kids first and we are letting down a generation of California children. It's not acceptable.

And I want to be able to -- you know, make Republicans and Democrats famous for keeping jobs in California.

Silicon Valley is 130 miles from Sacramento, but it might as well be a million miles away given how it operates.

Guess what? The world changes. eBay has defined e-commerce.

I answer that question by saying: 'Why Meg Whitman' which is: I'm not a career politician. I spent 30 years in business. I can tell you that people in California have had it with career politicians: they are done.

Sometimes it's a little bit like being a politician. We have work to do in understanding our users' sentiments.

Look at growth, look at how much time people spend on the Net and look at the variety of things that they are doing. It's all really good, so I am actually encouraged by the fundamentals that underlie usage growth on the Net.

People ask me, how is managing in the New Economy different from managing in the Old Economy? Actually, it's a lot the same. It's about the financial discipline of the bottom line, understanding your customers, segmenting your customers by their needs, and building a world-class management team.

Most of us can't even begin to imagine.

Problems are good, as long as you solve them quickly.

My view is that, just as in many businesses, brands really matter. There will always be a role for destination sites. Eighty million users come to our destination. I think that will be the vast majority of our future business.

Communications is at the heart of e-commerce and community.

We have always said that advertising is just the icing on the cake. It is not the cake.

I think maybe it is about time for a governor who has created jobs, who's managed a budget, who's led and inspired large organizations, who listens well, and who can drive an agenda.

When a small business grows like eBay did, it has a multiplier effect. It creates other small businesses that supply it with intellectual capital, goods and services.