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onehandle

(51,122 posts)
Tue Sep 1, 2015, 10:07 AM Sep 2015

Apparently, Carly Fiorina set events in motion to destroy another big company before HP.

It’s been more than 10 years since Fiorina’s last significant job in business as HP’s CEO ended in 2005. She resigned rather than see her authority as CEO diminished as the company’s board had proposed.

But it might be more instructive to begin before that, when Fiorina was president at Lucent Technologies, the former hardware division of AT&T. (Now Alcatel-Lucent, it is in the process of being acquired by Finland’s Nokia.) Fiorina, her official campaign biography tells us, “led the successful spinoff from AT&T of Lucent,” including the $3 billion public offering on the New York Stock exchange that was “at the time the largest IPO in history.” She rose to the position of president of Lucent’s global service provider business in 1997, and was in 1998 named by Fortune Magazine as the “Most Powerful Woman in Business.”

But when you unpack the particulars of that earlier period, a more complicated and troubling picture emerges, especially if one of her arguments — similar to Donald Trump’s — is that her business acumen makes her better qualified to run the government.

Perhaps, as Fiorina’s record at Lucent shows.

http://recode.net/2015/08/30/time-to-revisit-carly-fiorinas-business-record-before-hp-yes-so-lets-begin-with-lucent

Moving money around and making big acquisitions is what top executives do when they have no ideas or management abilities of their own.

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Apparently, Carly Fiorina set events in motion to destroy another big company before HP. (Original Post) onehandle Sep 2015 OP
She seems to specialize in dismembering big US tech hardware companies and destroying American jobs. leveymg Sep 2015 #1
What I gathered from the article packman Sep 2015 #2

leveymg

(36,418 posts)
1. She seems to specialize in dismembering big US tech hardware companies and destroying American jobs.
Tue Sep 1, 2015, 10:14 AM
Sep 2015

That makes her perfectly suited to be the next GOP President

 

packman

(16,296 posts)
2. What I gathered from the article
Tue Sep 1, 2015, 10:47 AM
Sep 2015

is that she large sums of Lucent money to risky companies which didn't really have the resources to wisely use it. They defaulted which in term put Lucent on the hook driving their stock down and making them venerable to a take over.

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