After the first Republican debate Republican candidate Carly Fiorina got a bump in the polls according to most pundits. But a couple stories that have appeared still question the woman CEO of a Fortune 500 company.
Fortune 500 magazine writes that if Fiorina plans to use her credibility as a CEO and business person for the nomination, she should reconsider.
She’s running for President on her track record as CEO of HP, but if that’s the case, Fiorina might want to rethink her strategy.
“Fiorina is eager to be seen as the answer to Democratic slogans of a Republican war on women. She’s often been erroneously referred to as the first woman to lead a Fortune 500 firm, Hewlett-Packard . That title actually belongs to The Washington Post Company’s Katharine Graham. Then there are the many other trailblazing women leaders preceding Fiorina, including Beechcraft’s Olive Ann Beech, Mattel’s Ruth Handler, Beatrice Food’s Loida Nicolas-Lewis, the Body Shop’s Anita Roddick, Martha Stewart, and Oprah Winfrey.
Still, with a scant 5% of Fortune 500 firms employing women CEOs, her leadership of a huge global enterprise in the macho field of IT is impressive. But how did she do?
The answer in short is: Pretty badly.
In 1999, a dysfunctional HP board committee, filled with its own poisoned politics, hired her with no CEO experience, nor interviews with the full board. Fired in 2005, after six years in office, several leading publications titled her one of the worst technology CEOs of all time. In fact, the stock popped 10% on the news of her firing and closed the day up 7%.
Arianna Packard, the granddaughter of HP’s founder, commented when discouraging voters from supporting Fiorina in her 2010 senatorial run, “I know a little bit about Carly Fiorina, having watched her almost destroy the company my grandfather founded.”
The article continues with more tidbits of information about Fiorina.
“Sure, she doubled revenues—through a massive, ill-conceived, controversial acquisition of Compaq Computer in 2002—but Fiorina did nothing to increase profits over her five-year term, with the S&P 500 showing net income across enterprises concomitantly up 70%. Furthermore, shareholder wealth at HP was sliced 52% under her reign against the S&P, which was down only 15% in that bearish period. She modeled the old joke of “making it up in the volume.”
Fiorina rammed the Compaq deal through despite intense opposition by analysts, employees, and shareholders. When it appeared that she would lose the proxy vote, the balance was tipped back the other way using hardball tactics that would make Donald Trump wince.”
And when it comes to health care, Fiorina says if parents do not want to inoculate their children against diseases with vaccines, they shouldn’t have to.
The Washington Post reports : “GOP presidential hopeful Carly Fiorina said Thursday that parents should not be forced to vaccinate their children against diseases like measles and mumps, although she added that public school systems can forbid unvaccinated children from attending.
When in doubt, it is always the parent’s choice,” Fiorina said during a town hall in an agricultural building in rural Iowa on Thursday evening. “When in doubt, it must always be the parent’s choice.”
Fiorina’s comment came in response to a question from a mother of five children who said that because of her religious beliefs, she will not allow her children to receive any vaccines that were created using cells from “aborted babies.” Fiorina told the woman that parents must be allowed to make such decisions.
“We must protect religious liberty and someone’s ability to practice their religion,” said Fiorina, receiving a round of applause. “We must devote energy and resources to doing so. Period.”
So maybe Fiorina lives in a bubble world where she and her family can interact only with those people they want, and shut the rest out. It’s possible that when people live within a society, the benefit of the entire society should come before that of the individual, especially when scientific fact shows that with vaccinations communicable diseases like measles and mumps have become almost nonexistent.
Or does it take a few deaths for these people to realize the vaccines are there for a reason, and why do they have the right to put other people’s children and folks at risk above their own selfish wants?