Doing her best Trump "you're fired!" impersonation.
Posted on 09/16/2015 5:06:30 AM PDT by RC one
Given her record of failure, it would be more appropriate for her to run as a DIM.
However, since the GOP has morphed into DIM-lite, her running for the Republican nomination isn’t all that far-fetched.
Great quote for the Donald
Hope he uses it
Once thing is for sure, she’s fired more people than Donald Trump ever has.
<< Don’t look at her face, look at her record. >>
Ooooo. Priceless, RC! Priceless. I hope we all remember that line.
I Like the “Carly has fired way more people than Donald Trump ever did” line too. LOL
Not a Fiorina backer by any means. But I do have knowledge of HP’s problems.
Problem 1) very politicized management, absolutely no entrepreneurial thinking allowed.
Problem 2) Aging work force, it is just not hip to work there.
Combine these two you just stop organic growth as a company. That is why she probably went then M&A route.
BTW this the quoted piece fails to mention the IBM has just reinvented itself again.
There is another excellent soundbite.
She has fired tens of thousands more real people than I ever have on a reality TV show.
Or “who gets paid $100 million for getting fired”?
From Wikipedia:
On September 30, 2010, the Board of Directors of Hewlett-Packard announced the election of Apotheker as the company’s Chief Executive Officer and President, effective November 1.[12] He succeeded Cathie Lesjak, who served as the company’s interim CEO since August 6, following the abrupt departure of former CEO Mark Hurd. Hurd had been forced to resign after an internal investigation into a sexual harassment claim (that found him not guilty) uncovered expense-account irregularities.[13]
During Apotheker’s tenure at HP the stock dropped about 40%. It dropped nearly 25% on 19 August 2011, after HP announced a number of seemingly abrupt strategic decisions: to discontinue its webOS device business (mobile phones and tablet computers), to begin planning to divest its personal computer division, and to acquire British software firm Autonomy for a significant premium.[14] Over the months following Apotheker’s departure, HP eventually spun off the remaining webOS assets into a new subsidiary, Gram; backtracked on any plans to spin-off its personal computer division; and wrote-down almost $9 billion related to the Autonomy acquisition, which it indicated was due to a lack of due diligence during the acquisition process under Apotheker.[15]
On September 22, 2011, the HP Board of Directors replaced Apotheker as chief executive, effective immediately, with fellow board member and former eBay chief Meg Whitman.[16] Though Apotheker served barely ten months, he received over $13 million in compensation: a severance payment of $7.2 million, shares worth $3.56 million, and a performance bonus of $2.4 million,[17] although the company lost more than $30 billion in market capitalization during his tenure.
Also not her biggest fan by any means but there’s a lot of revisionism going on.
First, following IBM might not have been the right thing anyhow. It’s not like IBM is knocking the cover off the ball now either.
The purchase of Compaq can be rightly criticized since the move to services was more likely to be a better strategic move.
HP’s culture at the time was atrophying and Fiorina spent a lot of time working on bringing a modern competitive feel to it. HP was very patrician and they were losing out on the new technology. The note about raising the number of patents was very telling as HP had fallen into the same trap Xerox did. Xerox senior management failed to capitalize on arguably the greatest invention cycle of the computer era because senior management’s paradigm was photocopying.
HP had a similar internal feel to it and any CEO coming in from the outside would have to fight to evolve it.
In the end, she was not able to transform the company properly but she did seed the culture with the ability to start to accept outside thought and that was not a small thing then.
On balance a negative reign but the long term effects of her efforts were not zero.
Not only that, but surely people can look at the last time she ran for public office against Barbara Boxer. She was NOT a conservative then, either. I don’t understand why people are talking about what a great president she’d be. Like you, I believe she’d be a better democrat.
Doing her best Trump "you're fired!" impersonation.
“Don’t look at her face, look at her record.”
That should be some kind of slogan or bumper sticker - it’s ‘catchy’ and gets the point across.
Maybe Trump can use that or something similar going forward.
I wonder if all those people she fired got a $100 million severance package too?
yeah, we want to be talking about records tonight for sure.
In the last 15 years there have been six people listed as CEO of HP, including Carly, who served six of those. It looks to me like the problems at HP are more the fault of the Board of Directors that the CEO. But none of them are running against Trump so it doesn’t matter.
She’s the one running on her record at HP and that’s basically all she is running on so that’s basically all we have to look at which, I suspect, is why she would prefer we all look at her face.
Hence, Trump’s remarks about CEO pay last week. A small leak of his strategy?
Then we should look at her record in the context of what was going on at the company, and the entire industry. at the time.
Her record is that she has been the longest serving CEO since 1999.
Much has been made of the fact the company lost value during her tenure, which is true. This was around the time of the “Tech Bubble” bursting and most, if not all, tech companies lost value.
HP, with her as CEO, survived where some others did not.
The layoffs at HP during her time were only a small percentage of the totals across the industry.
I am not a Fiorina supporter but I do get tired of “excerpt” journalism. If someone wants to tell a story, they need to tell the whole story. otherwise it is just partisan spew.
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