Skip to comments.Jeffrey Sonnenfeld: Why I Still Think Fiorina Was a Terrible CEO
Posted on 09/20/2015 5:16:39 PM PDT by springwater13
As Fiorina admits, I have been critical of her for over a decadelong before she announced her political aspirations. I have studied her business record, challenged her leadership abilities and have come to agree with the assessment that she was one of the worst technology CEOs in history. I stand by that evaluation.
Fiorina can attack me all she wants, as she did when she called me a well-known Clintonite (an absurd allegation Ill get to later) who had it out for me from the moment that I arrived at Hewlett Packard. But no amount of one-liners to Trump, weekend study of Middle Eastern names or ad hominen attacks on a university professor can take someone from gross business leadership failure to leader of the free world. To do that, shell have to own up to her missteps and try to learn from themwhich she seems disinclined to do.
Here are the facts: In the five years that Fiorina was at Hewlett Packard, the company lost over half its value. Its true that many tech companies had trouble during this period of the Internet bubble collapse, some falling in value as much as 27 percent; but HP under Fiorina fell 55 percent. During those years, stocks in companies like Apple and Dell rose. Google went public, and Facebook was launched. The S&P 500 yardstick on major U.S. firms showed only a 7 percent drop. Plenty good was happening in U.S. industry and in technology.
It was Fiorinas failed leadership that brought her company down.
(Excerpt) Read more at politico.com ...
Who cares? At least she was accountable. Trump declared bankruptcy four times, leaving his gullible creditors on the hook for his debts.
Uh oh, this will make the Trump fans mad. Tho they hype his business skills.
Fiorina: I Didn’t Know HP Contractor Was Dealing With Iran
Fiorina sings the praises of Islam, Ottoman Empire greatest civilization
I am waiting for David Korn to give us his opinion about Carley (not really but it will get posted by you know who when it is published).
Trump is the Principal. Carly the hired hand.
.. neither I nor anyone else in management knew about it,
NOT a good thing to have on your resume!
Not sure what you're saying. Fiorina was held responsible by the Board of Directors, she herself has never accepted and to this day denies responsibility for any negative results of her so called leadership at HP.
Accountable you say? Tell ya what ask the 18000, some say 30000 employees who lost their jobs, and all the stockholders that lost 55% of their investment under Frau Fiorina while she walked away with $100 million for her brilliant stewardship. Add to that the fact that she couldn't even beat Barbara Boxer for her California Senate seat, think about that, Boxer, one of the biggest twits in the California, handed Fiorina her ass on a platter. No way Fiorina is going to win diddly in a national election.
LOL.. Her leadership reduced the value of HP by almost 50 percent and she got paid a 100 million dollars for that—— if that is what you mean by being held accountable.
Accountable??? FioRINO was just saying the past week that she was fired because she was a woman and the HP board was sexist!
If he had closed his doors, would those gullible creditors have lost money? Yes.
If he had closed his doors, would those gullible creditors have had an opportunity to continue to do business and recoup some of their losses? No.
If he had closed his doors would the property have become vacant? Yes.
If he had closed his doors, would the community have lost business to company employees in the area? Yes.
Would some of those businesses have gone under also? Most likely. Small restaurants across the street suddenly have no lunch or evening clientele.
If he had closed his doors, would all of his employees been out of work? Yes.
If he had closed his doors, would the city, country, state, and federal government have kept their income stream? No.
Bankruptcy laws our there because they make sense.
Better to keep a business going, than screw every over with a hardline shutdown.
She should have at least one success at something before deserving to be the leader of the free world. Maybe she should try checkers at the old folks home. I bet she could have a success there by winning one time, though I would not bet on it.
Trump, in person, never declared bankruptcy. Clearly you do not correctly factually understand what he did.
I stopped buying HP about the same time she took over, and have never looked back. The last several products I bought from HP all disappointed, and I never went back.
Kind of like all the people who stopped buying GM, Ford or Chrysler products in the late '70's or early '80's and never went back.
Well she had 6 years to turn HP around and ended up losing 50 percent of the value.
Were the companies that did declare bankruptcy under his control? Who made the decision to declare bankruptcy in those companies?
I agree that bankruptcy allows entities to (hopefully) resolve financial issues without having to shut down completely. I don’t besmirch using bankruptcy if the need is legit and the intent to make creditor who sincere.
The latter is not always the case. A business in these parts went bankrupt about 10 years ago and stiffed several creditors. They emerged from bankruptcy and some of the stiffed companies they again do business with require COD, even after 10 years.
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