Posted on 09/24/2015 8:18:08 AM PDT by SeekAndFind
Carly Fiorina is facing a media blitz from critics, attacking her defense of her record at Hewlett-Packard (HPQ) at the latest GOP debates.
The track record is more nuanced than the critics let on. Fiorina came to HP during a ferocious market downturn, when the company was led by a fractious board riven by infighting. None of the presidential candidates can lay claim to what Fiorina had to contend with in the business world.
During the tech boom of the late nineties, Hewlett-Packard (HPQ) was bumbling along with stagnating, single-digit revenue growth, run by a notoriously dysfunctional board. Facing the juggernaut that is IBM (IBM), and stiff competition from Unisys (UIS) and Sun Microsystems, in 1999 HP’s board hired the former president of Lucent as a “change agent.” The strategy: Turn Hewlett-Packard into a one-stop shop for all of a company’s computing needs.
HP then considered buying PricewaterhouseCoopers’ consulting business in 2000, but balked at the nearly $18 billion price tag. Fiorina then got HP to set its sights on buying Compaq, which it did in May 2002 after a brutal proxy fight, but with unanimous board approval, as well as shareholder support.
HP bought Compaq in a $24 billion stock swap, issuing more than a billion shares to complete the deal, blowing out its shares outstanding by a third, to 2.9 billion. That would later dilute its earnings per share results, frowned on by Wall Street, which subsequently hammered the stock due to its choppy earnings per share performance.
Both HP and Compaq were contending with failing computer units, and critics railed the merger would unite two losers.
(Excerpt) Read more at foxbusiness.com ...
I don’t care if she is Lee Iacocca, Steve Jobs and Henry Ford combined.
She’s for birthright citizenship and thinks Hillary is a righteous sista.
Both Carly and The Donald are quite good at being the self-promoters but Trump just has a far greater proven accomplished track record of competence in running a giant business. Carly was an employee advanced via The Peter Principle. Factor in her RINO’ness and snarliness— who can like her other than the GOPe creeps with ulterior motives.
Note author of article
This has Dell and others making money where Fox has them losing money
Interesting
She’s next after the white horse she rode in on.
H.P. are the INK Pirates.
They sell printers cheap, then gouge the hell out of their customers over the price of ink.
That is a rapacious business model devoid of honor.
Carly.
RE: Note author of article
FROM Wikipedia:
https://en.wikipedia.org/wiki/Liz_MacDonald
Elizabeth MacDonald is a veteran business journalist and is the stocks editor for Fox Business and Fox News (where she is fondly referred to as “Emac”). MacDonald has also covered the markets, corporate accounting scandals, taxes and the IRS for the Wall Street Journal and Forbes magazine, where she created Forbes’ top-rated annual ranking, “The World’s 100 Most Powerful Women,” widely read around the world.
What’s wrong with the above background that could show any bias?
You usually only see a horse riding a horse in a circus............oh, wait.
And can’t speak highly enough of islam.
None of the presidential candidates can lay claim to what Fiorina had to contend with in the business world.
......................................................
Really? I think Trump can tell you more about the business world, since he is world wide, than this idiot woman.
She needs to be on the side with Hillary, their are two peas in the same pod.....
Note author of article
********
Could you share?
Carly Fired-rino
Fired-rino! LOL!
I know Trump likes to say, “you’re fired!”
When Carly drops out of the race, Trump will be nice and gracious to her in public, but behind the scenes, he’ll say, “Carly, you are Fired-rino!”
I know there were some in this nation who claimed that Germany and Japan posed no threat but they had the good sense to cork up once hostilities began in earnest.
In the 21st century, we have fools making excuses for the worst sort of retrograde rabble AFTER they have attacked us on home soil.
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