Carly Fiorina almost killed Hewlett Packard, now CA is in sight

by YankeeJim | October 21, 2010 at 05:00 am
575 views | 4 Recommendations | 15 comments

Photos

best of the picks

best of the picks

see larger image

uploaded by YankeeJim

I am not a fan of Carly because I think she did a poor job of managing HP. However, I give her high marks for education, qualifications for Senate, and experience from which she may have learned.

Given a choice between Barbara Boxer a worn out politician, and a fresh start, Fiorina is probably the better choice. Yet, turning the Senate over to Republicans is so distasteful that I would take the lesser candidate to keep the status quo. Honestly, we probably need more Fiorina quality candidates from both parties.

“In early January 2005, the Hewlett-Packard board of directors discussed with Fiorina a list of issues that the board had regarding the company's performance.[38] The board proposed a plan to shift her authority to HP division heads, which Fiorina resisted.[39] A week after the meeting, the confidential plan was leaked to the Wall Street Journal.[40] Less than a month later, the board brought back inTom Perkins and forced Fiorina to resign as chairman and chief executive officer of the company.[41] The company's stock jumped on news of Fiorina's departure.[42] Under the company's agreement with Fiorina, which was characterized as a golden parachute by some, she was paid slightly more than $20 million in severance.[43]

“California Senate race a dead heat in GOP poll

1. For months, Senate Republicans have insisted that Sen. Barbara Boxer (D) can be beaten. Now, they have a poll that shows the race as a dead heat.

Boxer and former Hewlett Packard executive Carly Fiorina (R) are knotted at 44 percent in a Tarrance Group poll conducted for the National Republican Senatorial Committee by Dave Sackett between Oct. 17 and 19.

Among independents and those voters who decline to state a party preference -- a major target for both candidates --- Fiorina leads 47 percent to 34 percent. "[Fiorina] needs to improve upon this and get her ballot strength among ticket-splitters up into the mid 50's," writes Sackett in the polling memo, a copy of which was obtained by the Fix.

The NRSC poll is slightly more optimistic for Fiorina than a Public Policy Institute of California survey released Wednesday that shows Boxer leading 43 percent to 38 percent. The PPIC survey also shows the race for independents tighter; Fiorina takes 37 percent, Boxer takes 36 percent and 18 percent are undecided.”

Advertisement
recommend This comment thread is now closed
1
158

I think Fiorina will win. Most people blame Obama and the dem congress for high unemployment. I think reps will have 48 senate seats.

0
YankeeJim

America will not lose with Fiorina in the Senate.

1
lyn lyn

The republicans and their tea party and the koch/koch brothers along with the corporate world sent the jobs outside of america and brought in people from other countries for a lower wage. They went to other countries so they could have the freedom for slave labor and child labor and put all the polution of carcinagens and other materials that cause pollution and sicknesses without being fined  in their waters, in those countries. They can't do that here yet unless the repubs take contol of everything and you  like that. When other countries get sick of them and wake up and stop them, the aforementioned will continue to to this to americans. The  repubs are the reason for unemployment period in the states not the dems. Until people like you accept this the repubs will continue to do damage to this country. You need to stop covering for them. They don't care about your loyalty. sooner or later it will affect you too. They have fought the dems for months to keep problems from being solved. Now the repubs say its the dems, when past present and future they are the problem of america.

1
lyn lyn

The dems are not reponsible for unemployment. It is the repubs and the teas and the koch/koch and all those conspiring against america past present and future. They fought against fixing the problems and now the aforementioned have peole like you doing their bidding. Get a brain.

1
"thirty-aught-six"

You can tell the level of Boxer's real world ignorance by her comments attacking Fiorina's HP record. When a computer company merges with another computer company it doesn't need the same numbers of employees that the two companies did. Job loss is inevitable.

0
YankeeJim

I appreciate your comment but that is not the issue. Carly pursued a number of acquisition targets and lost out on the good ones and ended up with Compaq, a real loser. She was a sales person who didn't immerse herself into the depth of the business IMO. I was actively involved in some of the prospective acquisition activity and understand why the board gave her the boot. If she was doing a stellar job, she would still be there.

1
'thirty-aught-six"

Not true really. Both HP and Compaq were direct competitors for the same market share in products and services. Compaq was a good merger in that regard. The real benefit Carly secured for HP's future was her patent acquisitions. A subject not discussed in terms of HP's future prospects. Also the same layoffs occurred after HP's $13.25 billion acquisition of Electronic Data Systems in 2008. At that time 24,600 jobs were axed. The decisions Carly made during her years with HP has positioned then to buy not only EDS but Palm. Instead her detractor would rather blame her for the economic depression that hit not only silicon valley but the total American economic engine during her years at HP. I'd say she did a stellar job considering the circumstances and HP is better positioned today as a result. However none of this proves or disproves her abilities in the political sphere. But what are you going to do in a political atmosphere driven by attack ads and fear mongering.

0
YankeeJim

She had PriceWaterhouseCoopers (PWC) consulting in the palm of her hand and got distracted by the hardware business that was already crowded. She let PWC slip and IBM took them. That was good for IBM and doubly bad for HP.

There are many sides to the story and in the end, she was fired.

I respect your analysis however.

1
"thirty-aught-six"

I agree. She had the chance to take HP into the assurance and financial service market. She chose to remain with in the field the company has developed and which is a history of success for them. Her contributions made HP a market leader. Being fired doesn't alter that. Just like Barbara Boxer's involvement in the House banking scandal doesn't negate her good works.  If Carly wins, Barbara will realize the full extent of what being fired means and we can then observe how well she responds to the ultimate criticism.

0
YankeeJim

We agree.

1
Original1

I'm seeing Tea Party/Republicans/Right wing extremism because of misconceptions about Democrats and President Obama. Is that a reason to vote Republican YankeeJim ? Or somehow choose Fiorina over Barbara Boxer ? I don't think so, regardless how Fiorina ran H.P. The complexities and drivers behind this current political climate are lost in general confusion, paranoia, misunderstood assumptions, and economic realities. Who caused this mess, Obama or the Republicans ? You choose..1

0
YankeeJim

Republicans and Congress caused it

Obama is trying to fix it

Congress, Republicans and Democrats are the problem

The difficulty is 1) letting Democrats continue as broken as they are, or 2) balancing the slate with a Tea-party flavored Republican congress?

Status quo might be better, but neither are good choices.


1
lyn lyn

Carle Figorino should be an open book to Californians. She likes de-regulations. Before California's economy tanked she was in the news championing exploiting charging the highest amount for any product. The utilities overcharging tanked california's economy. She is a member of the group to cheat the working class and the domino affect it has on all of us. She is insensitive to the needs of americans period. She gets paid to help defraud Americans. The republicans are the reason for de-regulation since the 80's and we learned in the last election who in congress have helped this criminality along. Now americans are asked to keep sacrificing for the will of the richest of the rich. Carle has gotten paid a lot of money for her pocketbook while she has cheated the rest of us out of our due. So don't put this woman in office. I don't care  what she has promised she won't deliver all she wants is the job and to finish us off. Don't give it to her. The job in the senate this year. Give it back Barbara Boxer and let Barbara finish fighting gor you. Because barbara can be trusted.

0
YankeeJim

Tell it like it is lyn. That could tip the scale.

0
ECONOMEE+U

WHY DONT WE ALL START LOOKING AT THE ACTUAL DATA?  WHAT DO WE NEED MORE THAN EVER RIGHT NOW?  JOBS, JOBS, JOBS!!! WHO IS THE MOST QUALIFIED PERSON WHO HAS CREATED JOBS AND HAS DISPLAYED THE BEST KNOWLEDGE OF ECONOMICS?  LETS GET PEOPLE IN OFFICE WHO WANT TO CREATE JOBS FOR AMERICANS AND GET PEOPLE WORKING!!  DO YOU REALLY THINK PEOPLE WHO HAVE CONTINUED THE VICIOUS CYCLE OF SPENDING, SPENDING, SPENDING THEN RAISING TAXES WILL SOMEHOW MAGICALLY STOP DOING IT?  DOES THE TRACK RECORD OF MOST OF OUR CALIFORNIA POLITICIANS BOAST OF ELIMINATING HEAVY DEBT OR DOES IT BOAST OF CREATING MORE AND MORE DEBT???  WE NEED TO WAKE UP PEOPLE!!!  WE NEED PEOPLE RUNNING THE STATE AND FEDERAL GOVERNMENT AGAIN, NOT CAREER POLITICIANS!!!  REPUBLICANS OR DEMOCRATS NEED TO STOP AND REALIZE OUR PRIMARY NEED NOW IS A STIMULATED ECONOMY, NOT MORE DEBT!!!

This story was created over 3 months ago, the comment thread is now closed.

NowPublic on Facebook

What is NowPublic?

NowPublic lets people work together to cover news events around the world.

Find out more

Crowd Power

158
First Flagged at 5:58 AM, Oct 21, 2010 by 158
These members have powered this story:

Related Stories

Recommendations (4)

Most recently recommended by:
 

closeSign in to NowPublic

is reporting from