Carly Fiorina Did GREAT Job With Hewlett-Packard. Too Bad It Was In Iran.
Error: Insufficient Memory
Carly Fiorina Did GREAT Job With Hewlett-Packard. Too Bad It Was In Iran.
image: 
Maybe the demon sheep did it
So here’s a thing: You know how, on her first day in office, Carly Fiorina would call the Supreme Leader of Iran and tell him the nuke deal is off? If that happens (it won’t), chances are good the Supreme Leader’s transcript of that call would be printed with a Hewlett-Packard printer, since while Carly Fiorina was CEO of HP, the company “sold hundreds of millions of dollars’ worth of products to Iran through a foreign subsidiary, despite strict U.S. export sanctions,” according to a column by Josh Rogin in BloombergView. Good thing Fiorina knows how to make tough deals!
Way back in 1995, Bill Clinton issued executive orders banning U.S. companies from dealing with Iran, what with the whole support for terrorism thing. But while Fiorina was running the company from 1999 to 2005, HP found a clever loophole:
Hewlett-Packard used a European subsidiary and a Middle East distributor to sell hundreds of millions of dollars of printers and other computer equipment to Iran.
HP’s unusual omnipresence inside Iran was first reported in 2008 by the Boston Globe, which discovered that in 1997 the company struck up a partnership with a new Indian company in Dubai called Redington Gulf. The partnership was so successful distributing in Iran that HP printers were No. 1 there, with 41 percent of the market share by 2007.
See, that’s way different from ruining HP! After that Boston Globe piece ran, the Securities and Exchange Commission asked HP what the heck was up with that stuff, and HP explained that while it did sell over $120 million in HP products to Redington Gulf, and sure, it did get distributed in Iran, the whole deal was done through an HP subsidiary in the Netherlands, so no way was HP violating the sanctions, as long as nobody in the USA was running the deal or even knew about it. It’s a big company, and who even knows what those Dutch are doing, with their hash bars and their Royales with Cheese.
. . . . .
Read more at http://wonkette.com/593941/carly-fiorina-did-great-job-with-hewlett-packard-too-bad-it-was-in-iran#tHBlS2j7VfgcAuDb.99
= new reply since forum marked as read
