Posted on 09/23/2015 6:11:10 AM PDT by jimbo123
As CEO, she lobbied for a tax holiday on corporate profits to create jobs. Instead, the money was used to buy back stock while HP fired 14,500 workers. Had Donald Trump been talking about Carly Fiorina’s essence rather than her appearance, he might have had a point.
Not that it should matter one way or the other, Fiorina has an altogether pleasant physical presence, markedly more so than does Trump.
But a blind person could see that Fiorina was the very face of corporate greed and income inequality during her five-year tenure as CEO of Hewlett-Packard.
Take, for example, the cynically named Homeland Investment Act of 2004. The bill was passed as part of the equally cynically named American Jobs Creation Act of 2004 after intense lobbying with Hewlett-Packard in the forefront.
The purported aim of the legislation was to generate economic growth and therefore jobs at home by according corporations a one year “tax holiday” on billions in overseas profits they had stashed offshore.
The result was a $265 billion corporate giveaway.
The windfall was supposed to go toward research and development, and other job-creating endeavors.
Instead, almost all of it was put into stock buybacks as a way of funneling cash to stockholders, these prominently including CEOs.
Never mind that the bill prohibited such buybacks.
(Excerpt) Read more at thedailybeast.com ...
She and Washington are disgusting.
If I were half the man I was five years ago, I’d take a flamethrower to the place!
Yes, I stole that from Al Pacino.
Is this a new facet or an extension of the old. Snarly has so many FACEts.
I'm really tired of reading about "Income Inequality"? Generally when I come to that phrase in an article I just stop reading. That's what happened here. I just stopped reading.
I know that Marx was dead set against it except for the ruling class. I know the Clinton billionaires are against it. I know the future billionaire Obama is against it. The UN is against it. Now it seems that everyone is against it.
I'm for it.
I think "Income Inequality" is a fact of life on this planet. We are all not Tom Brady. We are all not Steve Jobs. Get used to it.
“If I were half the man I was five years ago, I’d take a flamethrower to the place!”
Al’s line is applicable to most any government entity. The US Capitol is an outhouse with a dome!
I’m a little surprised the press is working this hard to destroy her this early on. I would have thought the goal was to get her the nomination and then swiftboat her.
I heard Tom Marr last night on the Mark Levin show and he said there is big trouble coming for Fiorina and all the media know it. It was said in the first hour of the show.
Today she said she empathizes with HILLARY!!!!!
something about any strong woman fighting in today’s world.
What garbage.
Hey carly, go ruin another #####ing company you witch
Hear, Hear...again..it is interesting how obsessive these people are about “corporate greed” yet never mention the politicians that enable it, meaning are taking part in the process. Oh yeah...the writer voted for the people who enabled all this greed...and will do so again like a lemming. No mention of that!
Corporate America is the ultimate Welfare Queen.
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