According to Wikipedia,
“In 1995, Fiorina led corporate operations for Lucent Technologies, Inc., a spin-off from AT&T of its Western Electric and Bell Labs divisions into a new company.[39] In that capacity, she reported to Lucent chief executive Henry B. Schacht.[40] She played a key role in planning and implementing the 1996 initial public offering of a successful stock and company launch strategy.[37][41][42] The spin-off became one of the most successful IPOs in U.S. history, raising US$3 billion.[36][39]
Later in 1996, Fiorina was appointed president of Lucent’s consumer products sector.[41] In 1997, she was named group president for Lucent’s US$19 billion global service-provider business, overseeing marketing and sales for the company’s largest customer segment.[37][43] That year, Fiorina chaired a US$2.5 billion joint venture between Lucent’s consumer communications and Royal Philips Electronics, under the name Philips Consumer Communications (PCC).[44][45] In the edition of October 12, 1998 of Fortune magazine Fiorina was named “The Most Powerful Woman in American Business”.[36]
Lucent added 22,000 jobs and revenues grew from US$19 billion to US$38 billion and the company’s market share increased in every region for every product.[39][46] According to Fortune magazine, Lucent increased sales by lending money to their own customers, writing that “In a neat bit of accounting magic, money from the loans began to appear on Lucent’s income statement as new revenue while the dicey debt got stashed on its balance sheet as an allegedly solid asset”.[46] Lucent’s stock price grew 10-fold.[46]”
http://www.forbes.com/2000/10/24/1024mcginn.html
“Schacht and McGinn worked side by side while McGinn served as Lucent’s president and Schacht served as its chief executive. McGinn started his career at Illinois Bell in 1969 and joined AT&T in 1978. He reportedly drew up the draft for the Lucent spinoff, but in 1995 Robert Allen, Robert Allen AT&T’s then-CEO, gave the number one position to Schacht, who had just retired as CEO of Cummins Engine .
McGinn settled for No. 2, accepting the title of president and chief operating officer. Schacht was reportedly focused on Wall Street, while McGinn was heavily involved in the company’s day-to-day operations. In October 1997, Schacht stepped down, and McGinn finally got his long-awaited glory as chief executive.”
Rich McGinn was fired with a golden parachute in Oct.of 2000.