MEG WHITMAN WILL NOT SEEK RE-ELECTION TO GAP INC.'S BOARD OF DIRECTORS

[mandy]

Gap Inc. today announced that Meg Whitman, President and CEO of eBay, Inc. has decided not to stand for re-election to the company’s board of directors when her current term expires in May, due to her other professional commitments.

Ms. Whitman, 48, has served on Gap Inc.’s board of directors since 2003.

“Meg’s strategic and brand building expertise have made her a valuable asset to Gap Inc.’s board,” said Bob Fisher, chairman of the board. “We will miss her, and on behalf of the board, I’d like to thank Meg for her many contributions over the past two years.”

Ms. Whitman noted that she and Mr. Pressler are long-time business colleagues. “It’s been a great experience to serve on Gap Inc.’s board with Bob, Paul and so many other qualified directors; however, given eBay’s recent acquisition and international expansion plans, I will need to devote additional time and resources to the eBay business,” said Ms. Whitman. 

full press release: http://www.gapinc.com/public/Media/Press...2306.shtml

[amy]

given eBay’s recent acquisition and international expansion plans, I will need to devote additional time and resources to the eBay business,” said Ms. Whitman.

What she really said: "We overpaid for Skype and we're getting our asses kicked in China, and its going to take a miracle for me to fix these bad management decisions and keep my job as CEO"