Saturday, September 19, 2015

The Conservative Case Against Carly Fiorina

Let me paint a different picture of Carly Fiorina and explain why other than Jeb Bush, she’s the candidate I’d least like to see get the nomination. Incidentally, that is really saying something given that I own http://notjebbush.com and the only reason I haven’t bothered to launch it is that Jeb has been so off-putting that watching him speak is like a commercial for “Not Jeb Bush.” Jeb is like the weird, annoying kid in school that no one would ever talk to if he didn’t have a pool. (PS: I’m leaving out Lindsey Graham here because I’m not sure anyone other than his mother will vote for him and I wouldn’t be entirely shocked if even she votes for Walker, Paul or Jindal instead).

First of all, it’s worth noting that Fiorina may have been the first woman to lead a Fortune 50 business, but she turned out to be just as bad at it as Barack Obama has been at running the country. Despite the spin she tries to put in, Carly Fiorina was a disaster for Hewlett Packard.

Fiorina’s story is that she stormed into HP, turned the company around and was unceremoniously fired because she challenged the status quo. In actuality, she insisted on a controversial merger with Compaq, got her way and it decimated the company. Fiorina loves to talk about HP’s increase in raw numbers, but if two large computer companies merge, it’s almost a given that the revenue and the number of patents produced by both companies combined are going to increase. What didn’t increase was HP’s stock price. It dropped from $55 a share when Fiorina took over to a little less than $20 a share under her leadership. There is a reason Fiorina shows up on lists of the Worst CEOs Of All Time (See here, here, here, and here among others) and it’s not because the whole business world is engaged in some kind of conspiracy to portray her as an incompetent.

http://townhall.com/columnists/johnhawkins/2015/09/19/the-conservative-case-against-carly-fiorina-n2053948

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