WITH FIORINA'S FALL, SMALL CLUB OF FEMALE CEO'S SHRINKS

Market Watch via The Austin American-Statesman ^ | 10 February 2005 | Kirsten Gerencher

[MeneMeneTekelUpharsin]

Marce Fuller of Mirant has as a legacy the Chapter 11 bankruptcy of Mirant (probably unnecessary) and is creating huge questions regarding her credibility. She has not yet successfully guided her company out of bankruptcy with the common shares intact and has become one of the greedy legions of managers who defraud those below them. Fuller has managed to persuade the board of directors of Mirant to purchase a multi-million annuity PRIOR to bankrupcty and has negotiated multi-million payout to herself upon exiting Mirant (which she is about to do) after failing in her fiduciary duties.

April 11 in the bankruptcy courtroom of the Honorable Judge Michael Lynn in Fort Worth, Texas, we will "discuss" her prowess as a female CEO in great detail. Don't miss it.

[Roccus]

With any luck Chatty Patty will be next.

[Xenalyte]

"It's a shame it's a woman CEO, because it could influence people to think that opportunities for women are on the decline," Catalyst President Ilene Lang said of Fiorina's dismissal. "But we see in the research we do that there is a steady increase, although not at a fast enough pace, in women taking up these jobs."

I don't know who's dumber: the woman who said this, or me for having read it.

[Xenalyte]

BTW, it's long past time Carly was gone. She's been a dead weight to every company she's been involved with.

[mlmr]

Women make lousy CEOs.

[Xenalyte]

So far, they haven't impressed me much.

Looking for a fight, are ya? ;)

[mlmr]

Looking for a fight, are ya? ;)

No actually, I have wanted to say it out loud for a while.

[Xenalyte]

Say it loud, say it proud!

[mlmr]

A great thing about FR is that if one wants to tilt at the feminist fantasy...there usually is room to do it.

[JohnnyZ]

Carly Fiorina ... man, when they had that big fight over the Compaq acquisition and I read how she and her allies were sticking to the deal in the face of poor fundamentals and common sense I knew she was living in a dreamworld.

[Dat Mon]

"Some view it as a setback, underscoring the notion that companies are apt to scapegoat female leaders for taking legitimate risks or that women can't cut it in the executive class."

We shredded Carly on a thread some time back. Its not about being female per se...its about competence, and stubbornness.

My gripe has been that you cant run a tech company with a solid pedigree like HP without some appreciation for technical issues, ie, a technical background or education, and without an open and creative mind, and a vision.

Carly similarly ran Lucent into the ground, another high tech outfit, so she has a pattern.

IMO, because she is a woman, she went into the CEO position defensive, with something to prove.

The result...micromanaging, bad decisions, not listening to senior advisers...we have all seen this in management before.

The results are usually predictable. Bill and Dave must be spinning in their graves.

[Nick Danger]

I think the die was cast for Fiorina last quarter when the bad numbers came in and she pre-emptively shot the guilty by firing three of her top execs.

Well, the next quarter's numbers are known to the board now, and this time there was nobody left to shoot except her.

[rockabyebaby]

>>Women make lousy CEOs.<<<

Agree 100 percent and then some.

[peyton randolph]

she and her allies were sticking to the deal in the face of poor fundamentals and common sense I knew she was living in a dreamworld.

Running business based on emotions rather than rational thought is a surefire way to end up in Chapt. 11. Other than interests in index funds, if a woman gets named CEO or President, I reallocate my investments elsewhere.

[jimfree]

There may be no more equal opportunity than that to succeed in the executive suite. The BOD doesn't check your style of underwear but rather your results.

[rockabyebaby]

Women should not be in a position of power because they run on emotions rather than rational thought. I've seen too many businesses suffer because a women is pms'ing making stupid decisions based on emotions or just plain petty nonsense.

[cyborg]

Not CEOs mammoth F500 companies.... not if you're a mommy with little babies and a husband. How are you going to be CEO of a company and a wife and mom at the same time?

[cyborg]

That's a bit stereotypical...not everything a woman does bad is because of pms.

[rockabyebaby]

Apparently you haven't worked with a lot of women in power, either that or you are a women trying to defend female actions.

[cyborg]

My you're assuming a lot. I've worked with both men and woman in power and both have had their problems and benefits. You didn't expect to get away with making stereptypical statements did you?