Later On

A blog written for those whose interests more or less match mine.

Does McCain know anything?

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ThinkProgress comments:

McCain’s statement that Fiorina did a “good job” as CEO of Hewlett-Packard is not quite accurate. The board of HP fired Fiorina in 2005, concluding “that she was spending too much time on the road, neglecting the nuts-and-bolts execution of her own strategic ideas,” according to the New York Times. “[H]er superstar status was also her undoing.”

As CEO, Fiorina parked profits overseas using tax shelters, even though it negatively impacted the economy. The company held more than $14 billion overseas in 2004, according to the Washington Post. The Wall Street Journal noted that her tenure was “marked by a drop in morale at a company with a legendary history of a collegial culture.”

Fiorina’s golden parachute and her rocky tenure at HP, however, don’t seem to matter to McCain, who does “not know the details of what happened.”

Written by Leisureguy

22 September 2008 at 10:14 am

Posted in Business, Election, GOP

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