Romney Cites Businesswoman Who Presided Over Huge Losses And Job Cuts As Model For His Cabinet

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http://thinkprogress.org/economy/2012/08/27/747151/romney-whitman-losses/

During an interview published on Monday by Politico, Mitt Romney praised one of his favorite business leaders, Hewlett Packard CEO Meg Whitman. According to Politico, Romney said that his cabinet “would be dominated by people from the private sector, citing Meg Whitman of Hewlett-Packard as a model for female leaders he would like to surround himself with.”

This isn’t the first time that Romney has pointed to Whitman — who is also the former CEO of Ebay and a former California gubernatorial candidate — as a leader to emulate. But at the moment, Whitman is presiding over a company in free-fall. HP just suffered its largest quarterly loss ever and is shedding tens of thousands of jobs:

Hewlett-Packard Co. (HPQ) posted a record (HPQ) quarterly loss and reported slumping sales for personal computers and services aimed at businesses, underscoring the turnaround challenge facing Chief Executive Officer Meg Whitman.

The fiscal third-quarter loss of $8.86 billion includes a writedown for the enterprise-services unit and reflects a 10 percent decline in PC revenue…Whitman is cutting 27,000 jobs over two years.