Thursday, June 10, 2010

Carly for CA

It’s fashionable for contemporary Republicans candidates to tout their business acumen in tandem with the mantra of “government should be run like a business. The argument about whether government should be run like a business is for another time; it’s their credentials we’re concerned with here.

Carly Fiorina has one qualification as a candidate for public office: she was once the CEO of computer giant Hewlett-Packard. Since Republicans also believe the market is never wrong, here’s what it had to say about her tenure, from a CNN article in April, 2005:

Hewlett-Packard Co. Chairman and CEO Carly Fiorina, one of the most powerful women in corporate America, is leaving the troubled computer maker after being forced out by the company's board.

Shares of HP (Research) jumped 6.9 percent in heavy trading on the New York Stock Exchange Wednesday on the news. But at one point, the stock was up as much as 10.5 percent.

"The stock is up a bit on the fact that nobody liked Carly's leadership all that much," said Robert Cihra, an analyst with Fulcrum Global Partners. "The Street had lost all faith in her and the market's hope is that anyone will be better."

California Republicans elected her as their candidate in November’s senatorial election, to run against incumbent Barbara Boxer. Apparently the federal government isn’t going broke fast enough to suit them.

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