April 4th
Carly Fiorina, at the most recent meeting of CPAC, pummeled
Hilary Clinton to a fare-thee-well. The reception she received for this effort
has helped encourage her to claim that “There is a 90 percent chance I’ll be a
candidate for the Presidency.” Let us all hope so! The more wing-nuts who run
for the Presidency, the more right wing money gets spent on losing causes. It
does seem that if a dog barks at Hillary Clinton some right winger will want it
to run for the Presidency!
Mrs. Fiorina is well known in Republican circles; she is
also very well known to people at Hewlett-Packard (HP) and to folks who tried
to get Senator John McCain elected President in 2008.
We’ll look at her HP
career first: Mrs. Fiorina was the CEO of HP when HP acquired Compaq Computer. This
merger was completed against the advice of Walter Hewlett, the son of one of HPs
founders. But Carly Fiorina and her minions overrode these objections and
bought another low margin computer business; that, and other mistakes, caused a
substantial drop in HP’s stock…about 50 percent. That was a no-no.
Then came cost cutting, anything to recoup profits; that
didn’t work either in spite of terminating 18 thousand employees. The result of
all this was that after more than five-and-a-half years as HP’s CEO Carly was
canned. You have a problem when you act
against the express advice of the son of one of the company’s founders…and you
are dead wrong about what you did. But let us not mourn for poor Carly because
she is by no means poor Carly; her severance package after screwing up this
company and sacking 18 thousand employees was to receive a separation payment valued
at 40 million dollars. Who says failure doesn’t pay off.
In 2008 Carly Fiorina becomes the feminine face among John
McCain’s advisors in his quest for the Presidency. In an interview she claimed
that while Sara Palin was being unfairly harassed by the media she still didn’t
have the skills to run a company like HP, indeed neither did John McCain. (She
neglected to mention that she didn’t either!) The result of this absence of
judgment was that she was moved away from direct public contact by the McCain
campaign.
Her next effort was to contest the senate seat of Barbara
Boxer in California. This did not work
any better because she tried to demonize Ms. Boxer who turned Carly’s efforts
right back at her. And now Carly Fiorina is considering a run for the
presidency. We can only hope that she decides to go ahead with that choice.
No comments:
Post a Comment