Showing posts with label fiorina. Show all posts
Showing posts with label fiorina. Show all posts

17 September 2008

Obama and McCain Unqualified to be CEO?

Carly Fiorina, former CEO of an $80 billion company, said that the presidential and vice presidential candidates competing to run a $3 trillion federal budget would not be qualified to be CEO. (Curiously, the market seems to have had a similar opinion about Fiorina. During her tenure, HP’s market value dropped in half. After she left in 2005, the stock rose by 224%)

My initial reaction to this was scorn for Fiorina. Here, I thought, is another CEO who actually believes her own compensation package. But then I woke up this morning to news of the bailout of AIG – something that will cost taxpayers $85 billion. It is true, I thought. Any president who could nod his head at that kind of a bill would not be able to run an $80 billion a year company.