Posted on 09/23/2015 3:37:23 PM PDT by conservativejoy
Some who know Fiorina’s business background believe her ascension to the White House would be ruinous for the nation.
One candidate has seen her fortunes rise following a stand-out debate performance last week: Carly Fiorina. The former corporate leader shot up from well back in the polls to second place in the pack, with 15 percent support, while Trump’s lead fell from 32 to 24 percent. However, some who know Fiorina’s business background believe her ascension to the White House would be ruinous for the nation.
During last week’s CNN debate, her time as Hewlett-Packard CEO came under scrutiny. Moderator Jake Tapper asked her to explain why voters should choose her if her time at the helm resulted in tens of thousands of workers being laid off, and ended in her being summarily fired (by a unanimous vote of the board). He also quoted Trump, saying: “she ran the company into the ground.”
Fiorina pointed to the difficult economic times through which she led the company, including the bursting of the tech bubble in the market. She blamed the board for her firing, saying it was “dysfunctional.”
Tapper brought Trump into the debate, who cited Yale Business School’s Associate Dean Jeffrey Sonnenfeld as proof that what he charged about Fiorina’s business record is true. “The company is a disaster and continues to be a disaster,” Trump said.
Sonnenfeld ranked Fiorina as one of the top 20 worst CEO’s in the history of business. Meanwhile, Trump has overseen for decades one of the most successful real estate development companies in the nation, while amassing a personal fortune of over $10 billion. Among his other cutting edge practices was accepting gold for payment of a New York City property, when the dollar went through a particularly volatile time a few years ago.
The billionaire candidate’s conclusion about Fiorina: “She can’t run any of my companies. That I can tell you.”
Among the facts Sonnenfeld points to in reaching his view of the former HP CEO are:
In the five years that Fiorina was at Hewlett-Packard [1999-2005], the company lost over half its value. It’s true that many tech companies had trouble during this period of the Internet bubble collapse, some falling in value as much as 27 percent; but HP under Fiorina fell 55 percent. During those years, stocks in companies like Apple and Dell rose [significantly]. Google went public, and Facebook was launched. The S&P 500 yardstick on major U.S. firms showed only a 7 percent drop. Plenty good was happening in U.S. industry and in technology.
Fortune reported that on the day she was fired, HP’s stock value of the company shot up 7 percent, or $3 billion.
Fortune’s editor-at-large, Geoff Colvin, wrote a piece on Monday titled, “Carly Fiorina’s Disastrous Record As HP’s CEO.” In it, he argued that if the candidate is pointing to her business background as the reason she is qualified to be president, the case is weak indeed.
Sonnenfeld posited that if Fiorina is right about her record at HP, and everyone else is wrong: “Why in 10 years has she never been offered another public company to run?”
As presidential candidates with vastly different economic visions for the United States (and vastly different levels of experience) vie for leadership, the next 14 months leading to November 2016 promise to be a wild ride for the nation and economy. And depending on who is elected – whether it’s Fiorina or Hillary or Trump or anyone else – could the four years following be as well?
That is GOOD!!!! LMAO.....
;-)
“Shut up.” Okie dokie.
Trojan horse.
Snarly Carley would round up all ex Enron execs to be her advisors. She wants to destroy America. I can see ut in her eyes, a deranged suicide type of look.
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