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Condé Nast Portfolio listed Carly Fiorina as one of 'The 20 Worst American CEOs of All Time.'

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kpete Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-12-10 11:08 AM
Original message
Condé Nast Portfolio listed Carly Fiorina as one of 'The 20 Worst American CEOs of All Time.'
Condé Nast Portfolio listed Carly Fiorina as one of 'The 20 Worst American CEOs of All Time.' Enough Said.

Carly Fiorina is the Republican candidate for U.S. Senator in California, a position that requires consummate executive and political skills. Fiorina regularly tells voters in the Bear State that she is a seasoned business executive who knows how to be an effective decision maker.

Yet, a sentence in the Wikipedia profile notes why this is hypocrisy: “In 2005, the Hewlett-Packard board forced Fiorina to resign.” Ah, but it gets better – or worse depending upon whether you were a Hewlett-Packard stockholder: “When Fiorina became CEO in July, 1999, HP's stock price was $52 per share, and when she left 5 1/2 years later in February, 2005, it was $21 per share—a loss of over 60% of the stock's value.”

And the coup de grace: “The company's stock jumped on news of Fiorina's departure."

Let's say you are on a job interview for U.S. Senator of California. Would you include this among your resume package? “In April 2009, the business magazine web site Condé Nast Portfolio listed Fiorina as one of 'The 20 Worst American CEOs of All Time,' characterizing the HP-Compaq merger as a widely regarded failure, and citing the halving of HP's stock value under Fiorina's tenure.”

more:
http://blog.buzzflash.com/honors/337
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TreasonousBastard Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-12-10 11:17 AM
Response to Original message
1. Decision maker my ass-- politics requires a consensus builder, and everyone...
at HP hated Fiorina-- the board did throw her out, and if you can't make nice with your own board, what good are you?.



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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-12-10 11:19 AM
Response to Original message
2. Of "All Time"? That is quite the accolade
But her campaign will spin it as saying she was once named one of the Top Twenty CEOs of All Time and just leave out that embarrassing adjective.
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DrToast Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-12-10 11:38 AM
Response to Original message
3. Read fiorinafacts.com/
Lots of good stuff from her time at HP. Yes, she was pretty awful.

http://www.fiorinafacts.com/
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Puzzler Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-12-10 11:46 AM
Response to Original message
4. The irony is that she probably would have had a higher rating if she did nothing in her time as CEO
I mean literally nothing, zero, nada. Just showed up and sat at her desk for a few hours per day and went home. At least then, she would have done little or no damage to HP.
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kenny blankenship Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-12-10 11:47 AM
Response to Original message
5. That should make for a very easy and very effective negative campaign ad
"Portfolio Magazine listed Carly Fiorina as one of 'The 20 Worst American CEOs of All Time.'"

It's 2010. Hasn't California had enough incompetence?
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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-12-10 11:54 AM
Response to Original message
6. That should make her very electible
to repubs.
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TexasProgresive Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-12-10 12:15 PM
Response to Original message
7. A perfect candidate to slip into shrub's shoes. n/t
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Cha Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-12-10 04:47 PM
Response to Original message
8. Could it be bc carly was more interested
in insignificant chatter like dissing hairstyles than actually running a company?
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Jennicut Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-13-10 07:48 AM
Response to Original message
9. She loved her downsizing too. Did little to help the company.
CA deserves better.
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Democat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-13-10 09:08 AM
Response to Original message
10. This should be used in lots of advertising!
And tie her to Meg Whitman, the other company destroyer running in California.
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