Her website touts her experience leading HP, doubling its revenue and expanding it from the 28th to the 11th largest US Company. It neglects to say that she doubled its debt in tandem.
Posted on 09/24/2015 7:07:13 AM PDT by jimbo123
For those of us that live in California, there’s a palpable deja vu in Carly Fiorina’s declaration to run for president on the Republican ticket. Smatterings of those late night TV advertisements are still sloshing around our brains.
Her campaign positions her as the outsider, the embodiment of the American dream. As her website informs us, “Only in the United States of America can a young woman start as a secretary and work to become Chief Executive of one of the largest technology companies in the world.” Implicit in that leap is the kind of power that is a companion to politics.
The words ‘power’ and ‘Fiorina’ were first linked publicly in 1998, when Fortune magazine dubbed her the “most powerful woman in business.” At the time, she ran the largest division of Lucent Technologies. As her site emphasizes a couple of times, she was the first woman to head a Fortune 50, company. In 2001, two years after she was appointed CEO of Hewlett-Packard HPQ +0.00%, Forbes magazine named her as one of America’s Top Businesswomen.In 2004, she placed 10th on the Forbes list of The World’s 100 Most Powerful Women.
No one could accuse Fiorina of not standing her ground. At HP, Fiorina rammed through an infamous $19 billion merger with computer company, Compaq in opposition to the wishes of Walter Hewlett and David Packard. She won that battle, but the company didn’t. Neither did her legacy as much as she tries to spin it otherwise. HP’s stock price dove 65% from August 4, 1999 (at a close of 110.25; HP stock split in October 2000) to February 8, 2005 (at a close of 20.14). The Standard & Poor’s 500 dropped just 15% during that same period.
(Excerpt) Read more at forbes.com ...
Her website touts her experience leading HP, doubling its revenue and expanding it from the 28th to the 11th largest US Company. It neglects to say that she doubled its debt in tandem.
The Peter principle says that people will rise to the level above which they are qualified. She managed to go well above that despite clear evidence of failure along the way.
“managers rise to the level of their incompetence.”
“Only in the United States of America can a young woman start as a secretary and work to become Chief Executive of one of the largest technology companies in the world.”
Yes, if you are a secretary from an affluent, well-connected family who earns college and law school degrees. A secretary without those credentials, not so much.
“The Peter principle says that people will rise to the level above which they are qualified.”
Or in her case - those without one.
Yes. Obama, Hillary, and Occupy hippies agree. America is so unfair.
Lucent was a disaster and a fraud. We can do a lot better than Fiorina.
Carly said “When you criminalize drug abuse, you’re actually not treating it. We had a daughter who died of addictions, so this lands very close to home for me.”
Rehab can certainly help some people, but her step-daughter Lori was in rehab three times. Her father was quite wealthy and could afford it, and yet it appears rehab did not save her.
What really disturbed me about Carly in the debate was her trying to grab sympathy for having “buried a child to drug addiction.”
This is a gross deception. The “child” was Lori Fiorino, her step-daughter. The girl lived full-time with her mother after her parents divorce when she was ten. I’m sure Carly did forge a relationship with her step-daughter, but she did NOT raise the girl.
Second, the step-daughter died when she was 34 from alcohol, prescription drug abuse and bulimia after a marriage and divorce. Of course, it was a tragedy, but that was not the impression Carly was creating. The woman did not die from abuse of illegal drugs.
Carly’s claim that she “buried a child to drug addiction” creates the false impression that her own child died from illegal drugs in high school or college. This was a blatant attempt at manipulation with misleading statements. I cannot respect her for taking us for fools.
A more accurate claim would be “I buried my stepchild, my husband Frank’s daughter, to bulimia, alcohol, and prescription drug addiction, when she was in her thirties.”
But that would not have had the effect she wanted. She really showed a lack of respect for both Lori and her bio-mother.
FReeper beaversmom said it even more clearly in another thread. “I believe Fiorina used her adult step-daughter’s death as a political prop. To convey clout on the subject. To garner sympathy. To score political points. To stop the discussion. Who can argue with her after that? Who’s gonna have the balls? SHE buried HER daughter.
“I knew at the time of the debate it was her step-daughter, but I didn’t know her step daughter’s death was from legal drugs. And she didn’t BURY her. She was an ADULT step-daughter. It sounds like the daughter was primarily raised by her biological mom. The step-daughter was married. CF did not bury her. She left out some of this because it wasn’t convenient for her narrative. It wouldn’t have gotten her as many points if she gave the full picture.”
http://www.nationalenquirer.com/real-life/homewrecker-carly-fiorina-lied-about-druggie-daughter
http://skewednews.net/index.php/2015/09/19/carly-fiorinas-sleazy-revealing-lie-dead-daughter/
Fiorina opposition research report
Here is the 218-page opposition research report on Carly Fiorina compiled by political research firm Gragert Jones for the Democratic Senatorial Campaign Committee in April 2010.
http://www.scribd.com/doc/280494704/Fiorina-opposition-research-report
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