Our favorite failed executive (for her shareholders, not herself) Carly Fiorina, former CEO of Hewlett-Packard, while appearing on "This Week" showed once again her amazing tunnel vision. She said "two thirds of the purchasing is by consumers and two thirds of the jobs are produced by small business, not big business". She said this while complaining about the stimulus package. It must be because she doesnt get another personal bailout, because there were a lot of personal households that lost lots of money as shareholders in her (then) company, which dropped by a full 50% in value under her stewardship. So it is difficult to listen to her advice without discounting by at least half of what she says.
Additionally, Carly said that "all executives who failed and are coming to Washington for help should pay the penalty". This is a complete sentence and not a complete truth. She failed at HP and got a 42 million dollar severance package, so the key word she is missing here is "those who failed NOW" should pay".
If you enjoyed this article
click here to bookmark us!!
No comments:
Post a Comment