How Carly Fiorina Screwed Her Campaign Staff—and Paid Herself First

Daily Beast ^ | 9/25/15 | Patricia Murphy

[jimbo123]

When Fiorina lost her Senate bid in 2010, she had lots of bills left to pay. So she did what any multimillionaire who loaned her campaign cash would do: She paid herself first.

After Carly Fiorina’s unsuccessful 2010 run for Senate in California, it took her more than four years to fully pay staff and vendors for their work on her campaign to unseat Democratic Sen. Barbara Boxer.

But a review of Federal Election Commission records by The Daily Beast shows that Fiorina first paid herself back for more than $1.25 million in personal loans she made to the campaign, including a $1 million check on the day before Election Day. That check set the campaign back so far it was impossible to pay staff and vendors what they were owed for years.

Marty Wilson, Fiorina’s then-campaign manager, said that Fiorina knew at the time that there would be debts at the end of the campaign, but that it was difficult to know how deep the debt would be.

“The problem with campaigns is you project debt based on what you think revenues are going to be,” Wilson said. “People say they are going to send money, but Election Day comes and goes, and you’ve lost, and those receivables don’t materialize.”

With more than $1 million out the door at the last minute and a shortfall in fundraising commitments, the campaign ended nearly $500,000 in debt, unable to pay vendors and staff, including Wilson, who was owed more than $60,000.

“We certainly talked to her after the campaign quite a bit about the nature of the debt, who the money was owed to, did some things to get some of the bills paid off after the election,” Wilson said. “Was I frustrated? Yes. But there were other people

[jimbo123]

Related:

Fiorina opposition research report

Here is the 218-page opposition research report on Carly Fiorina compiled by political research firm Gragert Jones for the Democratic Senatorial Campaign Committee in April 2010.

http://www.scribd.com/doc/280494704/Fiorina-opposition-research-report

[sauropod]

bflr

[Gaffer]

I’m not saying this is true. But if it is true that she paid herself first and then left staff, vendors and other creditors holding an empty envelope, it is a reprehensible and dishonorable act in my opinion.

One wonders if she had not decided to run for President 6 years later (with campaign contributions anew) whether she’d have ever really cleared those debts.

[MichaelCorleone]

Part of the reason Cara pledged not to say anything “personal” about Hillary?

[Rodney Dangerfield]

“The problem with campaigns is you project debt based on what you think revenues are going to be,” Wilson said.

And then you do what anyone would do - add 20% or so to your estimate to cover yourself.

Will the media ignore this as well?

[wrench]

From the article:

“Only as Fiorina began to publicly consider launching a presidential campaign in 2015 did she pay off her 2010 debts.................Three months later, Carly for President launched”

[Gaffer]

Seems like just another politician, doesn’t it?

[BobL]

While I’m not crazy about Boxer (at all), she is still MUCH EASIER to deal with than a Republican leftist with an attitude.

Had I known she was that bad, I would have given Boxer some money...but thankfully she didn’t need it to win.

...and I do wonder if any of Boxer’s Dem supporters might be willing to sell our side a bit of ‘opposition research’ on Carla - as the Dems are EXPERTS in that area (unlike us).

[BRL]

She behaves and talks like a sociopath. No surprise to me

[Gaffer]

I can’t say because I’ve never really had any call to spend any time considering her for any office. Never was nor likely will be on my radar, frankly.

[wrench]

“Seems like just another politician, doesn’t it?”

Yup

[11th Commandment]

I am not an expert, but after an election, a candidate only has so much time to raise money to pay-off personal debt. Other debts, I believe, do not have a time limits.

[mkjessup]

Ruh roh, Snarly ain’t gonna like this. lol

[Moorings]

How Carly Fiorina Screwed Her Campaign Staff—and Paid Herself First

Hey, she is just practicing what she learned as a top level executive in the business world.

In the business world, who is the most affected first when a company is doing poorly? The regular employees... some may lose their jobs, other won't get raises e.t.c. The top decisions makers still get their perks, benefits, raises e.t.c, when in fact they should bear the biggest blame for the company's poor performance.

[dfwgator]

Sounds like she ran her campaign like she ran HP.

[jimbo123]

Karl Rove’s Designated Loser is imploding much earlier than planned.

[ontap]

I have no inside knowledge on Fiorina but I suspect her baggage is about to appear. Personally I believe she was fed the questions at the last debate.
as always I will vote for whomever wins the nomination.....Jeb would be really hard though.

[Gaffer]

I honestly don’t know. But it sounds awful convenient, doesn’t it. To me it still doesn’t negate how I feel about this particular case, if true, especially with her personal wealth considered.

[jimbo123]

More today:

Fiorina had that job-killing touch

http://www.freerepublic.com/focus/f-news/3341013/posts