Thursday, September 17, 2015

Springer Debate...



In 1999, a dysfunctional HP board committee, filled with its own poisoned politics, hired Fiorina with no CEO experience, nor interviews with the full board. Fired in 2005, after six years in office, several leading publications titled her one of the worst technology CEOs of all time. In fact, the stock popped 10% on the news.

She, through a massive, ill-conceived, controversial acquisition of Compaq Computer in 2002, Fiorina did nothing to increase profits over her five-year term, with the S&P 500 showing net income across enterprises concomitantly up 70%. Furthermore, shareholder wealth at HP was sliced 52% under her reign against the S&P, which was down only 15% in that bearish period. She modeled the old joke of “making it up in the volume.”

Jeffrey Sonnenfeld, is an American academic, Lester Crown Professor in the Practice of Management at Yale School of Management and Senior Associate Dean for Executive Programs. His name mentioned in the debate...... He echoed the terrible track that Fiorina had in business and her attempt to FAKE it.

But CNN turned the debate into a  Jerry Springer match to see how much they can influence who is who.

The debate was to inform the Citizens of the United States who will do what? They didn't do that. If it is too difficult for CNN to be informative, leave the debate to someone else.

Just a thought.

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