How Carly Fiorina Screwed Her Campaign Staff—and Paid Herself First

[n2doc]

When Fiorina lost her Senate bid in 2010, she had lots of bills left to pay. So she did what any multimillionaire who loaned her campaign cash would do: She paid herself first.

After Carly Fiorina’s unsuccessful 2010 run for Senate in California, it took her more than four years to fully pay staff and vendors for their work on her campaign to unseat Democratic Sen. Barbara Boxer.

But a review of Federal Election Commission records by The Daily Beast shows that Fiorina first paid herself back for more than $1.25 million in personal loans she made to the campaign, including a $1 million check on the day before Election Day. That check set the campaign back so far it was impossible to pay staff and vendors what they were owed for years.

Marty Wilson, Fiorina’s then-campaign manager, said that Fiorina knew at the time that there would be debts at the end of the campaign, but that it was difficult to know how deep the debt would be.

“The problem with campaigns is you project debt based on what you think revenues are going to be,” Wilson said. “People say they are going to send money, but Election Day comes and goes, and you’ve lost, and those receivables don’t materialize.”

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http://www.thedailybeast.com/articles/2015/09/25/how-carly-fiorina-screwed-her-campaign-staff-and-paid-herself-first.html

[Human101948]

1. What garbage!

Since when are possible campaign donations classified as receivables?

She still made sure that she was not going to get stuck with any bad debts.