How did that job turn out?
And that race?
Posted on 09/16/2015 7:47:55 AM PDT by jimbo123
John McCain over the weekend defended the $42 million received by one of his top economic advisers, Carly Fiorina, when she was fired as CEO of Hewlett Packard in 2005."I think she did a good job as CEO in many respects," McCain told "The Today Show's" Meredith Vieira shen she pressed him on the matter in light of McCain's recent accusations of greed on Wall Street.
-snip-
Fiorina received $21 million in severance pay when she was fired as CEO of Hewlett Packard in 2005. She received an additional $21 million when Hewlett Packard's board bought out her company stock options and pension benefits. Her compensation package sparked a lawsuit from shareholders.
McCain has railed recently against what he calls "unbridled greed" on Wall Street, blaming corruption among the U.S. financial elite for the nation's current economic turmoil. He has long called for CEO compensation packages to be approved by shareholders, and has blasted CEOs of late.
"When their companies collapse, only their CEOs seem to escape the consequences," McCain said in a speech last week.
(Excerpt) Read more at thehill.com ...
Careful dude, you’re tip toeing very close to coming down on the OWS LEFT of McCain and Carly on this one..........VERY very close.
All the studies I have seen show no correlation between CEO pay and company performance. $42 mill is insane, think what productive things HP could have done with that money. Stockholders or somebody needs to stop this abuse.
That “part-time secretary” bit really irks me. So she worked a basic job before completing her education, which included getting an MBA at one of the very top schools.
She wasn’t being underestimated or sold short when she was hired from that position, and she “worked her way up” from such a job the same way any Harvard or Stamford or Wharton MBA grad does.
There is less than nothing sexist about her having had to rise from such a position.
"In April 1987, as the world of savings and loan associations teetered under the weight of a boom in commercial real-estate lending, a group of senators met twice with federal banking regulators on behalf of Charles H. Keating, Jr., whose bank later collapsed at a cost to taxpayers of $3 billion. The senators -- Alan Cranston of California, John Glenn of Ohio, Dennis DeConcini and John McCain of Arizona, and Donald W. Riegle of Michigan (who attended only one of the meetings) -- had collectively received $1.3 million in campaign contributions from Mr. Keating, and their actions later became the subject of a lengthy ethics investigation into what became known as the case of the Keating Five. In 1991, the Senate censured Mr. Cranston and reprimanded the others for "poor judgment.''"
Ohmygosh, what a wonderful campaign ad this will make. McCain in 2008 defending Carly getting $42 million for destroying HP.
Exactly! Her affiliation with McLame won’t do her any good at all, assuming anyone even picks up on it.
How did that job turn out?
And that race?
Yet another super stupid comment be this senile, brain? damaged ancient hack politician. What a PUTZ!!
She married a guy who got her the positions.
Pretty good pay at Hewlett-Patel.
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