The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.

Tuesday, April 14, 2015

Carly Fiorina Steps On Hillary...Back Fires




The US political climate is moving towards the serious business of candidates declaring intent to run in the GOP 2016 GOP Primaries. And, other candidates declaring they are 90% certain they will run, but occupy themselves now throwing stones for the hedgerows. Thus, the political "drive-by."

One such "drive-by" from failed Fortune 500 company executive Carly Fiorina is worthy of a bit of your time. First, watch the Facebook post form her Facebook page.  After the Facebook video hang with us a few minutes and get a real feel for the "drive-by" Fiorina.

What's my reaction to Hillary Clinton's announcement?
Posted by Carly Fiorina on Sunday, April 12, 2015

 https://youtu.be/F1q9VLJYEWY



In 2009, A Media Matters project, Political Correction, published a piece that more than thoroughly explores Fiorina's background as an executive at Hewlett Packard.



Carly Fiorina: A Record Of Failure

August 20, 2009 10:27 am ET

After firing 18,000 employees as CEO of Hewlett-Packard, Carly Fiorina believes Californians "have serious concerns about job creation."


Failed CEO Of Hewlett-Packard

As CEO of Hewlett-Packard, Carly Fiorina laid off 18,000 workers. When reflecting on her tenure, she admitted she wished she had "done them all faster."

Fiorina Fired At Least 18,000 HP Employees

Millionaire Fiorina Called the Outsourcing of American Jobs "Right Shoring." The San Francisco Chronicle reported, "Labor unions have battled 'offshoring,' which Fiorina calls 'right-shoring,' for decades, he said."  [San Francisco Chronicle, 1/9/04]


Fiorina Defended The Outsourcing Of American Jobs. Investors Business Daily reported, "During their presentation, Barrett and Fiorina had to defend the tech industry for its growing reliance on overseas tech workers. IBM, Intel, Hewlett-Packard and others have moved many jobs offshore, including customer service call center operators and even engineers." [Investors Business Daily, 1/8/04]


Fiorina Laid Off Nearly 18,000 HP Workers During "Restructuring." The Omaha-World Herald reported, "Hewlett-Packard, based in Palo Alto, Calif., had a $ 903 million loss on revenue of $ 56.6 billion for its fiscal year that ended last Oct 31. According to a summary by Hoover's Inc., an Austin, Texas, provider of business information, Hewlett-Packard has undergone extensive restructuring under Chief Executive Officer Carly Fiorina. The company announced earlier this year that it planned to cut 17,900 people by October because of a weak economy and its merger with Compaq." [Omaha-World Herald, 9/29/03]

Fiorina Suggests Her Biggest Mistake Was Not Firing More People More Quickly. Fortune reported, "Fiorina does not agree, naturally, that there's been a brain drain (at HP). In fact, she believes that one lesson she's learned while running HP is that she should have moved more quickly in ejecting certain people. Smartened up now, she says, 'I would have done them all faster. Every person that I've asked to leave, whether it's been clear publicly or not, I would have done faster.'"  

[Fortune, 2/7/05]


Fiorina: "There Is No Job That Is America's God-Given Right Anymore." The San Francisco Chronicle reported, "Fiorina's statement that 'there is no job that is America's God-given right anymore' triggered particularly strong reaction. The pair spoke in Washington representing the Computer Systems Policy Project, a group of eight chief executives from the nation's top information technology firms." [San Francisco Chronicle, 1/9/04]


Fiorina Comments On Offshoring Enraged Workers Groups. The San Francisco Chronicle reported, "Comments made in Washington on Tuesday by Carly Fiorina, CEO of Palo Alto information technology giant Hewlett-Packard, and Craig Barrett, chief executive of Santa Clara chipmaker Intel Corp., drew an unusually strong reaction from workers, who suggested the pair forfeit their own highly paid jobs to Chinese or Russian executives working for a quarter of their pay." [San Francisco Chronicle, 1/9/04]

Enraged Workers E-Mailed Chronicle To Complain About Fiorina's Insensitive Comments. According to the San Francisco Chronicle, "But with unemployment at 7.2 percent in Santa Clara County in November, the latest figure available, Fiorina's statement hit a sore spot. 'I am curious how Ms. Fiorina would feel about her job being outsourced to China or India,' Sean Ryan of Alameda, where the county unemployment rate is 6.1 percent, wrote in a representative e-mail to The Chronicle. 'I am certain that there are many extremely bright, ambitious and successful executive types in those countries who would be able to do her job just as well if not better than she can at a cost savings to HP shareholders of millions of dollars per year.'" [San Francisco Chronicle, 1/9/04]


Centerpiece Of Fiorina's Tenure Described As "Total Flop" And "Disastrous"


Merger Failed To Produce for Shareholders, Make HP More Competitive


  •  Fortune reported, "First, under the only lens that matters, did the famed merger that Fiorina engineered between HP and Compaq produce value for HP's shareholders? Second, with that merger nearly three years past, is HP in shape to thrive in its brutally competitive world? The answers are no and doubtful...This was a big bet that didn't pay off, that didn't even come close to attaining what Fiorina and HP's board said was in store." [Fortune, 02/07/05]
  • Even Before Compaq Merger, Fiorina's Tenure At HP A Series Of DisappointmentsAccording to the Economist, "She has had to warn repeatedly of disappointing results. In the nine months to July, HP saw its net profit fall by 82%, to $506m. The company has slashed costs, announced 6,000 job cuts and asked staff to volunteer for a temporary 10% pay cut. Although there had been some speculation that Ms Fiorina would be replaced, the takeover of Compaq shows that she has - at least for the time being - still got the backing of her board." [Economist, 9/4/01]

Centerpiece Of Fiorina's Tenure Described As A "Total Flop."  The London Observer reported, "With hindsight, it's hard to see how Carly Fiorina, America's pre-eminent female executive, who was fired as CEO of Hewlett-Packard last week, could have survived. The centerpiece of her career - a $ 24 billion merger with Compaq - was a flop; HP's board was threatening to strip her of day-to-day responsibilities at the firm; As one of only eight women heading Fortune 500 companies, the HP/Compaq deal was Fiorina's fatal error: not just because the strategy was flawed - two years on it has not achieved its goal of improving cost efficiencies in HP's PC business - but also because she alienated too many people in the process of pursuing that goal." [London Observer, 2/13/05]

  • HP/Compaq Merger Described As "Disastrous." According to the London Observer, "Since the merger, HP has lost market share and failed to revive its profit margins. It lost the number one position in personal-computer market share last year to Dell. While the share price of Dell has soared over the past 18 months, HP's has floundered. Indeed, the merger was so disastrous that Fiorina fought off three attempts to spin off HP's highly profitable printer business and cut the PC business adrift. After her departure last week, shares in the company rose nearly 10 per cent on that prospect." [London Observer, 2/13/05]
Fiorina's Personality And Management Cited For Failure. According to the International Herald Tribune, "Fiorina's personality and management style ultimately led to her demise. She used hardball tactics to suppress the opposition of Walter Hewlett, the company's largest shareholder and the son of its co-founder William Hewlett, to the 2002 Compaq merger...Last year, when the company's struggling corporate computer division failed to meet its sales growth targets, she abruptly fired three top executives in what many people, both inside and outside the company, saw as a public hanging." [International Herald Tribune, 2/12/05]



It is important to recall the failed Hewlett Packard former CEO previously funded an election campaign that is reported to have totaled over 100 million dollars. I believe the campaign also included this historic campaign advertisement. 

Three minutes and twenty seconds of absolute political failure.




The advertisement was an astounding flop. Of course, the candidate would say, the ad was a campaign team placement. Of course, just like Ron Paul never had a hand in his 1990 ultra racist newsletter. Paul's disavowing personal involvement in writing the racist newsletter was later refuted by an insider who reported Paul certainly read and approved publishing the letter. Fiorina and the "Wolf Ad" is no different.

Yet, she blast two barrels as candidate Clinton before she declared her own candidacy. An early mistake that resulted in both barrels ricocheting in her face.

Judgment Fiorina, Judgment!

The Facebook video was tantamount to George Armstrong Custer awakening that July Morning and thinking: "Well, guess I will rollover there and fuck with Sitting Bull, Crazy Horse and Gall."

Poor Judgment kills campaigns!  Custer's campaign surely  that July morning.



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