Posted on 09/25/2015 6:16:48 AM PDT by jimbo123
That Carly Fiorina was a one-woman wrecking crew during her tenure as CEO of Hewlett-Packard was never in doubt. But what follows is a tale that is now being picked up and distributed as the Republican Party seeks a nominee who combines business savvy and executive know-how.
Sadly, the former executive who most closely fits this particular bill also has exhibited the kind of corporate arrogance and blind certitude that came close to sinking what had been considered among the world’s best technology companies: Hewlett-Packard. At HP beginning in the mid-1990s, Fiorina was responsible for the ill-fated merger with Compaq, as well as for firing nearly 30,000 employees and sending tens of thousands of those jobs overseas. Never lacking in chutzpa, Fiorina celebrated the latter coup as an exercise in what she lamely termed “Right Shoring.”
Things went from bad to worse, to the extent that Arianna Packard, granddaughter of founder David Packard, joined Bill Hewlett, Walter Hewlett’s son, in a proxy fight to oust Fiorina. That move failed, but in 2005, Fiorina was given a $20 million dollar settlement just to go away. When she did, the HP stock price bounced back by 10 percent in a single day.
For better and for worse, Fiorina’s service at HP involved her in an even more damaging series of events ones involving the destruction of the once-mighty Bell Laboratories. In 1995, Fiorina took over as the head of corporate operations of the AT&T spinoff “Lucent Technologies” — which included the Bell Labs. It was here that the Fiorina nightmare truly began.
For those unfamiliar with Bell Labs/Lucent Technology, it was Ma Bell’s gift to America, a place where monopoly telephone service was balanced by a research business that employed more than 25,000 scientists, engineers, mathematicians and researchers.
(Excerpt) Read more at sfchronicle.com ...
Loading the fish in the barrel so the Democrats can start firing.
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
Man, I have gots to gets me one of them there golden parachutes like that!
I am glad someone is really going after her.
It may be the enemy of my enemy
Funny the Panel of Fox news doesn't address any of these stories
Almost as if they’re doing the GOPe’s bidding....
Odd.. the media is beating her up before she’s accomplished her designated task.
Just think if we sent all of the federal government jobs overseas that are in DC, we wouldn’t have to complain about the paying those employees when it snows in DC and they shut down the government because the local goverments can’t plow the roads.
“Funny the Panel of Fox news doesn’t address any of these stories”
I hear from “inside baseball” that the reason is it would embarrass Megyn Kelly, who is Carly’s unofficial adviser and confidant.
FAIL!
Rubio's in the warming pen. He should keep this in mind.
From P T Barnum (GOP-E):
There is a sucker born every minute
Each time the second hand sweeps to the top
Like dandelions up they pop,
Their ears so big, their eyes so wide.
And though I feed ‘em bonafide baloney
With no truth in it
Why you can bet I’ll find some rube to buy my corn.
‘Cause there’s a sure-as-shooting sucker born a minute,
And I’m referrin’ to the minute you were born.
Each blessed hour brings sixty of ‘em
Each time the wooden cuckoo shows his face
Another sucker takes his place,
Carly... The say anything do anything for herself sociopath candidate.the gope is already giving up on her and pushing rubio now
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.