Posted on 09/16/2015 3:21:28 PM PDT by jimbo123
With Carly Fiorina rising in the national polls and primed for the main stage in CNN's Republican presidential debate on Wednesday, it is important to examine her record carefully.
Never having held elective office, she anchors her campaign on a reinvention of her record in the corporate world as the failed CEO of Hewlett-Packard. The only time the stock jumped during her reign, from 2000 to 2005, was when she was fired by a frustrated board.
Fiorina was not a rogue CEO plundering shareholder wealth, but she still was a failed one, termed by many technology and business publications the worst technology CEO of all time. She sliced shareholder wealth in half in five years, with the stock value falling 52 percent during her tenure. The S&P 500 fell only 6 percent during that period, and many technology stocks, such as Dell, did well; Xerox was up 75 percent, and Apple was up 200 percent - not to mention the launch of Google and Facebook.
Fiorina argues that she doubled revenues and increased worldwide employment. But business reporters have revealed that the revenue increase took place only through a controversial, misguided merger with Compaq, which increased top-line revenues but not bottom-line costs.
At the same time, profits at other S&P 500 firms were up 70 percent, but HP foundered due to the deadweight of the obsolete devices Fiorina bought from Compaq. Most of the businesses she bought were shuttered, with the remaining ones divested by current HP CEO Meg Whitman. The jobs created were in outsourced, offshore work. In the end, Fiorina cut 30,000 U.S. jobs that never came back.
(Excerpt) Read more at philly.com ...
She’s a lot like the failed CEO of Yahoo, a woman whose fame derives primarily from her being a woman...
In her campaign she attacked Barbara Boxer for “her Hair” She is a pathetic hypocrite. I think she is anti Jewish too.
She is very cozy with Islam. Just what we don’t need.
Now perhaps I'm comparing apples to oranges here. Fiorina was the CEO of ONE company. And she did a crappy job. She took a risk. It didn't work. It's her fault. I don't fault her for taking a risk, but it's still her fault.
Donald Trump is an entrepreneur. He has his fingers in a lot of pies. Most do fine. Some have not. But it's not right to blame Fiorina for HP's implosion and yet hold Don innocent when one of his ventures don't pan out.
Just sayin'.
What you say is true, but it seems that Donald, when knocked down dusts himself off and gets back on the entrepreneurial horse.
Forgive my ignorance about Carly, but has she done anything of note since being fired by the HP board? From what I know about her she was 0 for 1 and done.
Donald Trump is an entrepreneur. He has his fingers in a lot of pies. Most do fine. Some have not. But it's not right to blame Fiorina for HP's implosion and yet hold Don innocent when one of his ventures don't pan out.
It's true that Trump has had some failures along with his successes, and he does not deny them. Neither should anyone else.
What makes such a comparison illogical, is that Fiorina touts her stint at HP as her sole qualification for being nominated for POTUS. She has no aggregate record, while Trump, in fact, does. Game, and set, if not match, to Trump, without a doubt...
the infowarrior
Actually Trump companies failed four times. Each time he was careful to pay himself even though the companies could not meet their obligations. That is called raiding, and he did it, four times. As for his massive wealth, George Soros, Warren Buffet, Tom Styer, Steve Schmit, etc, are all super wealthy. Should we support them for president as well?
As an interesting side note, HP announced, on Tuesday, another 25,000-30,000 layoffs. That brings the total for this restructuring up to about 55,000. I checked and Fiorina is not the CEO now so that must be a misprint, right?
SILENCE!
I'm not at present, supporting anyone for POTUS, thus my comment was more along the lines of an interested, impartial observer than as a possible supporter. Trump is a mixed bag, in the business arena, having had both successes and failures.
Fiorina's record not only at Hewlett-Packard, but Lucent as well, even though she was not at the literal head of the latter concern, does not speak that well of her executive skills, in short she has no record of any success in her endeavors...
the infowarrior
“As an interesting side note, HP announced, on Tuesday, another 25,000-30,000 layoffs.”
I worked for HP from 1967 to 2001, the year that I retired. I worked for Fiorina.
I was one of the lucky ones...
She completely screwed up the company.
I had a close friend with only a month to go to retire and get medical insurance that was laid off even though he had 3 months of vacation time coming.
Bottom line... He got nothing. Had he been allowed to retire instead of being excess-ed, he would have gotten to keep his insurance and all of his stock options would have matured upon his retirement. He got nothing...
Fiorina got what? 26 million when she was fired...
How many employees lost their jobs when Trump’s operations went belly up?
Trump is trying to close the deal and all his deals are focused on his bottom line. He is a direct descendent of P. T. Barnum.
You are obviously not a business person.
NO ONE can always be in the positive with out risks. The risk was there, and proved to be a short-term one with long-term positive benefits.
I would like to ask you if you have ever invested in the stock market and ONLY gotten positive results, all the time?
I posted on another “Jimbo” thread:
“The Chairman of the Board of HP said that Fiorina was instructed by the board to craft the CP deal, that she was against it fought it but was forced to see it through.”
Does anyone know the truth?
“Does anyone know the truth?”
I have been corporate for a fortune 500 company.
You will never know the truth, but what you are to believe.
The difference being Trump OWN’s his business’, Carly trashed what she did not build in the first place. Not once, but twice. Trump took risk with his own wealth, iCarly went hog wild with other peoples money.
Carly did quite well upon her firing. She acquired wealth she did not initially put up in the first place. Compared to Trump who was careful to guard his own wealth put up in the first place?
2004: Hewlett-Packard [at the time] chief Carly Fiorina warned that "there is no job that is America's God-given right anymore."
In her interview with Katie Couric from May, Carly Fiorina went on and on about how if you don’t have a room full of “diversity” when making an important decision, you will not get the decision right. (ff 9:43 - 13:00)
From ConservativeTreehouse:
Carly Fiorina on Immigration: Pass the DREAM Act. For other undocumented immigrants, a direct path to citizenship is unfair. While running for the U.S. Senate in California in 2010, Fiorina said she supports the DREAM Act, which would give legal status to people who were brought to the U.S. illegally as children.
Carly Fiorina on Climate change: It is real and manmade. But government has limited ability to address it. Speaking in New Hampshire in February, Fiorina said there is scientific consensus that climate change is real and caused by humans.
Carly Fiorina on Education: Supports Common Core – Set national standards but give local districts maximum control. No Child Left Behind was positive. In a position paper while running for the U.S. Senate in California, Fiorina
*****
Also worth mentioning:
Buzzfeed: Audio And Video Of Carly Fiorina’s Forceful Praise Of Hillary Clinton In 2008
Fiorina has sharply and articulately endorsed embryonic stem cell research,
She was likewise quite sharp and articulate when she called abortion a “decided issue,” and explained that she would have voted to confirm Sonia Sotomayor, a radical pro-abortion Supreme Court Justice, because she doesn’t believe in imposing a pro-life litmus test on Supreme Court nominees.
*****
GOP Hopeful Slams Hillary For Clinton Foundation, But Left One Important Thing Out
*****
And last but not least...regarding the Fiorina's quote "Islamic Civilization was “Greatest in the World”:
"I’ll end by telling a story.There was once a civilization that was the greatest in the world.
It was able to create a continental super-state that stretched from ocean to ocean, and from northern climes to tropics and deserts. Within its dominion lived hundreds of millions of people, of different creeds and ethnic origins.
One of its languages became the universal language of much of the world, the bridge between the peoples of a hundred lands. Its armies were made up of people of many nationalities, and its military protection allowed a degree of peace and prosperity that had never been known. The reach of this civilization’s commerce extended from Latin America to China, and everywhere in between.
And this civilization was driven more than anything, by invention. Its architects designed buildings that defied gravity. Its mathematicians created the algebra and algorithms that would enable the building of computers, and the creation of encryption. Its doctors examined the human body, and found new cures for disease. Its astronomers looked into the heavens, named the stars, and paved the way for space travel and exploration.
Its writers created thousands of stories. Stories of courage, romance and magic. Its poets wrote of love, when others before them were too steeped in fear to think of such things.
When other nations were afraid of ideas, this civilization thrived on them, and kept them alive. When censors threatened to wipe out knowledge from past civilizations, this civilization kept the knowledge alive, and passed it on to others.
While modern Western civilization shares many of these traits, the civilization I’m talking about was the Islamic world from the year 800 to 1600, which included the Ottoman Empire and the courts of Baghdad, Damascus and Cairo, and enlightened rulers like Suleiman the Magnificent.
Although we are often unaware of our indebtedness to this other civilization, its gifts are very much a part of our heritage. The technology industry would not exist without the contributions of Arab mathematicians. Sufi poet-philosophers like Rumi challenged our notions of self and truth. Leaders like Suleiman contributed to our notions of tolerance and civic leadership.
And perhaps we can learn a lesson from his example: It was leadership based on meritocracy, not inheritance. It was leadership that harnessed the full capabilities of a very diverse population — that included Christianity, Islamic, and Jewish traditions.
This kind of enlightened leadership — leadership that nurtured culture, sustainability, diversity and courage — led to 800 years of invention and prosperity.
In dark and serious times like this, we must affirm our commitment to building societies and institutions that aspire to this kind of greatness. More than ever, we must focus on the importance of leadership — bold acts of leadership and decidedly personal acts of leadership.
With that, I’d like to open up the conversation and see what we, collectively, believe about the role of leadership."
There is so much wrong in that quote. Fiorina majored in medieval history at Stanford at time (one assumes) during which Edward Said’s discredited, anti-Western ideology on colonialism and “Orientalism” flowed within MESA Nostra intellectual/university circles. With 14 years having passed since that speech, Fiorina should revisit the topic and clarify.
When one hears the phrase "golden age of Islam", the idiom, "all that glitters is not gold" immediately pops up.
Bill Warner illustrates in 70 seconds Islam's destruction of Classical Civilization over 12 hundred years here, ff 12:14 and reveals there were three, not one, but THREE Dark Ages brought on by Islam, one in Europe, one in Turkey (Byzantine) and North Africa. (ff 24:27).
Then fast forward once more to 31:50 where Mr. Warner specifically addresses the so called 'golden age' of al Andalus (Spain) and asks, was it a "multicultural golden age" or a 'reign of terror'? His brilliant illustration answers that question leaving no doubt.
Wait no longer. I don’t know. Neither do you, I imagine. Since none of us know, how can we slam Fiorina for 30,000? What’s the baseline number? How many would be ok? How many would be disastrous? Do Trump’s numbers exceed the 55,000 recently announced by HP? How is it even possible for that many jobs to be lost without Fiorina at the helm?
“CRUZ ALL THE WAY”
Wait no longer. I don’t know. Neither do you, I imagine. Since none of us know, how can we slam Fiorina for 30,000? What’s the baseline number? How many would be ok? How many would be disastrous? Do Trump’s numbers exceed the 55,000 recently announced by HP? How is it even possible for that many jobs to be lost without Fiorina at the helm?
“CRUZ ALL THE WAY”
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