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Mitt Romney Offers Ill-Timed Praise For Meg Whitman

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Contrary1 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-18-12 02:44 PM
Original message
Mitt Romney Offers Ill-Timed Praise For Meg Whitman
Edited on Fri May-18-12 02:54 PM by Contrary1
Talk about Romney being out of touch. :eyes:

On a personal note, I would appreciate your positive thoughts. My husband works for HP. He was dealt a 23% cut in pay a couple years back. Not fun, but we managed ok. So many others were worse off. Now, it looks like Meg Whitman plans on cutting somewhere around 10% of the work force. Hopefully, he won't get the ax.

"GOP presidential hopeful Mitt Romney took some time, in an interview with National Review published Thursday, to praise Hewlett-Packard chief executive Meg Whitman, who lost her 2010 bid to become governor of California. If Whitman, a Republican, had defeated Democrat Jerry Brown, Romney argued, California's finances wouldnt be in such dire shape now and an $8.5 billion tax hike wouldnt be on the table:

The governor is taking them in the wrong direction. I wish Californians had elected Meg Whitman. She would have been more successful and explained to Californians the need to cut back on spending and eliminate unnecessary programs. There are other states that have very different records. I think it's interesting that the state with the highest or among the highest tax rates in the nation also has the worst or near the worst deficit.

Romney, like Whitman, has contended that his successful record in the private sector means he would know how to increase employment and balance the books while in high public office. But given all the talk of jobs losses and offshoring in this campaign, his praise for former eBay CEO Whitman's cost-cutting chops came at a less-than-fortuitous time. The same day Romney's National Review interview ran, The New York Times reported that Whitman plans on slashing at least 30,000 jobs at HP next week through layoffs and early retirement, while likely sparing its presumably cheaper work force in China:

The executives, who spoke on the condition of anonymity because they were not authorized to speak for the company, said that H.P. would seek layoffs and voluntary retirements from across the company. The total could be as much as 10 percent of H.P.s 324,000-person work force. China, which is one of H.P.'s highest growth areas, will probably be spared, as will its research and development efforts. Ms. Whitman, who became H.P.'s chief executive last September, "is trying to build a new company," one senior executive said of the job cuts. "You can count this as a part of that."

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Contrary1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-29-12 02:56 PM
Response to Original message
1. Update:
The husband has been offered an early retirement package. We talked about it, and decided that he has to take it, given that he will probably be dumped if he doesn't.

It's a fairly decent offer, mainly because HP will continue to contribute to our insurance for two years. That gets me (the high maintenance one) that much closer to Medicare.

He hadn't planned on retiring at 62, but hopefully; he will be able to get some work elsewhere.

Who would have thought that working hard for 45+ years would have led to this? Anyway; whatever happens...happens. Life is an adventure, after all. We'll get to wherever we are going. :)
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