Tuesday, September 16, 2008

Not qualified to run a major comapany...

Carly Fiorina, a McCain adviser and the former Hewlett-Packard CEO was asked about Palin by a host of the McGraw-Hill Show on St. Louis KTRS Radio:

"Do you think she has the experience to run a major company, like Hewlett Packard?"

"No, I don't," Fiorina responded.


Why not Ms. Fiorina? What is she- as well as McCain, Obama, and Biden as you later stated - lacking that you apparently have in spades? Do you think any of the four would be more likely to make a similar bonehead decision like you did when you had HP buy Compaq?

So what skill set is needed to be the leader of a company as big as HP? Apparently her qualifications, hands down better then any of these four, makes her vastly superior to them in terms of vision, leadership, and managerial skills. In fact she was so good at being a CEO at HP that she was dismissed in 2005 "after the merger with Compaq floundered, stock prices plunged 50 percent, and 20,000 people were layed off."

But apparently that is what is considered as being successful since HP handed her a $21.4 million severance package.

What I have found to be true - and y'all can disagree, but the CEO, as well as all the VPs and their inner circle are worth no more to a company than anyone else unless they posses three qualities:

  • Must have a vision
  • Must be able to get people to follow that vision
  • Must be able to bring something to the business that is useful/needed.

Anyone can be a successful CEO if luck and timing are on their side. Very few can be called a legitimate asset to their company. Steve Jobs comes to mind - would Apple be where they are today without him? Is HP where it is today because of Fiorina? I mean really how good was Kenneth Lay and Jeffrey Skilling for Enron? They were perceived as successful but were they better than anyone else at what they did. Heck I could have bankrupted Enron too.

So how important is the CEO to a company and would Palin, McCain, Obama, or Biden do any worse then she did at HP? Would they be worse than any of the knucklehead CEOs at Fannie and Freddie Mac, Lehman Brothers, or Merrill Lynch who though it was prudent and wise to bet the farm on sub-prime home loans?

What an Arrogant woman Fiorina is, but then that seems to be par for the course for these captains of industry in which we depend for our jobs, support with our purchases, and rely on with our investments.


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