New post rumored for Fiorina .. running to head World Bank

SFGate.com ^ | 3/1/05 | Benjamin Pimentel

[NormsRevenge]

Carly Fiorina, World Bank president?

That's the buzz in the business world after a published report said the ousted chief executive officer of Hewlett-Packard may be on the short list of possible candidates for the prestigious post.

The World Bank, which is based in Washington, is a major international organization that provides loans and other forms of financial assistance to developing nations.

Fiorina, who was one of the most prominent executives in the world before she was suddenly fired by the HP board, is reportedly being considered as a nominee by the Bush administration, according to the New York Times and the Associated Press.

The other leading candidate to replace James Wolfensohn, whose term ends in May, is Deputy Secretary of Defense Paul Wolfowitz.

World Bank spokesman David Theis said the agency does not comment on speculation.

"When it comes to the succession process, it's up to our shareholders," he said.

The World Bank has 184 member countries who act as shareholders of the agency. By tradition, the United States, which is the World Bank's largest shareholder, nominates the organization's president.

[NormsRevenge]

I thought R's were supposed to be good solid business folk, she is pure marketing, much as is the Gub she also sits on a commission or two for.

[snowsislander]

Ms. Fiorina isn't even qualified to run a single branch bank much less any prominent entity. She has been a flop in her roles at H-P and Lucent. Why would anyone consider for this position, instead, say, letting her start over as a very junior officer at a very small company where she actually might learn something useful?