“Carly Failorina”: HP Employees Won’t Give Carly Fiorina A Dime
The employees at Hewlett-Packard, where Carly Fiorina was CEO for six years, don’t seem interested in seeing their old boss become commander-in-chief.
Of the 302,000 employees at the company, not one has given a reportable amount to help Fiorina fund her 2016 presidential campaign, according to the campaign’s most recent FEC filings, which lists all donations over $200. HP’s corporate leadership also doesn’t seem keen on the idea of Fiorina in the White House. Among the 12-member board of directors, just one, Ann Livermore, has given a donation above that threshold.
Also missing from the donor list are current CEO (and former GOP gubernatorial candidate) Meg Whitman, any members of the senior leadership team, and all but one member of the HP Board during Fiorina’s tenure there from 1999 to 2005. Tom Perkins, a venture capitalist and former board member who voted to fire Fiorina in 2005, has since had a change of heart and donated $25,000 to CARLY for America, the super PAC supporting her.
The lack of early financial support from almost anyone associated with Hewlett-Packard is hard to square with Fiorina’s own description of her achievements there. While she acknowledges the “tough choices” she had to make as CEO, Fiorina aggressively defends her six-year run as a time when she transformed the company from an aging dinosaur into a market leader.
“We doubled the size of the company,” she told the audience at the recent CNN debate. “We quadrupled its topline growth rate. We quadrupled its cash flow. We tripled its rate of innovation.”
But Fiorina failed to explain during the debate that the company doubled in size because she pushed HP to merge with Compaq in 2001. That merger led to a company with two times the revenue, but only half of the value.
Fiorina also laid off 30,000 HP employees, moved thousands of jobs to China and India, and was fired by the board after a period so tumultuous that some disgruntled employees continue to refer to her as “Chainsaw Carly” or “Carly Failorina.” Her severance package was worth an estimated $42 million.
Interviews with HP employees during and after Fiorina’s leadership reveal a deep and simmering well of discontent 10 years after she left the company.
Dean Soderstrom, a sales operations manager at HP from 1999 until his retirement in 2015, said he saw feelings for Fiorina among rank-and-file employees sour quickly after she took over.
“Right from the get-go with Carly, it seemed like it was a two-class company. It was her and the rest of us,” Soderstrom said. “Many of her employees were very disenchanted by her. When she was let go, I think for the right reasons, there was a lot of singing ‘Ding Dong, the Witch is Dead.’”
To Soderstrom’s point, Fiorina’s first year at HP not only included an immediate overhaul of the company’s famous corporate culture, widely known in Silicon Valley as “the HP Way,” but also instant celebrity status for Fiorina, who was the first woman to lead a Fortune 20 company. She appeared on the cover of more than 40 magazine covers in her first year, had her portrait hung in the company’s Palo Alto lobby next to the founders, and bought a Gulfstream IV for her travels. The previous CEO, Lewis Platt, famously flew coach.
“I don’t care if she’s a Democrat, Republican, or Independent. I would not support her for president,” Soderstrom said. “I would not give her two cents.”
Another former employee, who is now a CEO in Silicon Valley, and did not want his name used, said he would never consider supporting Fiorina for president and knows of none of his former co-workers who would. “My thoughts are no employee would donate to her campaign, ever,” he said. “She is a terrible leader, really, really bad. As bad as they come.”
A current employee, who also asked that his name not be used, said he felt HP never recovered from the changes Fiorina made. “HP is still not a happy place to work. It’s pretty much been a disaster for years, but I think Carly set the tone.” The company recently announced another round of 30,000 layoffs and a restructuring that will split the massive company into two smaller units.
Peter Burrows, the author of Backfire: Carly Fiorina’s Battle for the Soul of Hewlett-Packard, who covered Fiorina’s tenure at HP and remains in touch with current employees, said Fiorina started at HP with high hopes among staff that she would change the company, making it more relevant and nimble. Instead, she became the symbol of its demise.
“Everybody at HP knew the company needed to change and she sounded like she had the answers,” Burrows said. “That faded pretty quickly because it became clear that it was not translating into action and it began to seem empty.”
As her time at the company went on, the company’s performance sank, and layoffs were implemented, Burrows said people inside HP and throughout Silicon Valley began to put the blame for the company’s failures on the once high-flying Fiorina, an opinion that persists to this day.
“Most people think that she did not improve the company, that she made the company weaker, that she tore away some of its strengths,” Burrows said. “She had a small but incredibly loyal core group around her, but she lost the vast majority of employees.”
The Fiorina campaign did not respond to several requests for comment on this article.
By: Patricia Murphy, The National Memo, September 30, 2015
“He’s Not Alone”: Florida’s Yoho Connects Voting Rights, Property Ownership
Rep. Ted Yoho (R-Fla.) has already made quite a name for himself after just 17 months in Congress, but yesterday, Right Wing Watch published arguably the most striking quote yet for the Tea Party congressman’s greatest-hits list.
Recently unearthed footage of Rep. Ted Yoho speaking at Berean Baptist Church in Ocala, Florida, during his candidacy for Congress in the 2012 election cycle shows the Republican politician suggesting that only property owners should have the right to vote.
“I’ve had some radical ideas about voting and it’s probably not a good time to tell them, but you used to have to be a property owner to vote,” he said to applause.
The part about the applause isn’t an exaggeration – there’s video showing exactly that.
A Yoho spokesperson told msnbc yesterday, “The congressman was making a reference to how voting was structured when America was in its infancy (from a historical perspective). He does not believe that this is the way it should be now.”
And while that’s reassuring, listening to Yoho in the 2012 video, his reference connecting property ownership and voting rights didn’t quite sound like criticism, either.
Zachary Roth added:
Yoho’s comments on voting are firmly within the tradition of conservative thinking on the franchise, which sees it less as a right and more as a tool to make an informed decision about government.
Versions of that notion were used to justify restricting the vote to property owners in the republic’s early days, as well as later voting restrictions like literacy requirements. Even in the 21st century, Yoho is far from alone among prominent conservatives in suggesting that voting should be made more difficult in order to produce a better-informed electorate.
In this case, the congressman isn’t even alone among conservatives suggesting voting rights be connected to wealth. In February, Tom Perkins, a very wealthy venture capitalist who compared contemporary American progressives to Nazis, gave a speech that argued along similar lines.
When challenged to say, in 60 seconds, how he would change the world, Perkins made a playfully controversial response. He suggested that, in the tradition of Thomas Jefferson’s voting land owners and Margaret Thatcher’s idea of only allowing taxpayers to vote, “The Tom Perkins system is: You don’t get the vote if you don’t pay a dollar in taxes. But what I really think is it should be like a corporation. You pay a million dollars, you get a million votes. How’s that?” To which the audience responded with laughter.
It wasn’t long ago that those who expect to be taken seriously in modern American life would avoid rhetoric like this.
By: Steve Benen, The Maddow Blog, May 21, 2014
“Cliven Bundy And The Entitlement Of The Privileged”: What He Learned From The Koch Brothers
Nevada rancher Cliven Bundy’s 15 minutes of fame are up. He was a Fox News poster boy when he refused to pay fees for grazing his cows on federal land and greeted federal rangers with the threat of armed resistance. But when he voiced his views on the joys of slavery for “the Negro,” his conservative champions fled from his side.
What is interesting about Bundy, however, is not his tired racism but rather his remarkable sense of entitlement. His cattle have fed off public lands for two decades while he refused to pay grazing fees that are much lower than those he would have to pay for private land (and lower even than the government’s costs). “I’ll be damned if this is the property of the United States,” he says, claiming he won’t do business with the federal government because the Constitution doesn’t prohibit Americans from using federal lands.
As we’ve seen in recent years, this sense of entitlement pervades the privileged. Billionaire hedge fund operator Stephen Schwarzman feels so entitled to his obscene hedge fund tax dodge – the “carried interest” exemption – that he viewed Obama’s call to close the loophole as “a war. It’s like when Hitler invaded Poland in 1939.” Tom Perkins, co-founder of venture capital fund Kleiner Perkins Caufield & Byers, considers mere criticism of the wealthiest Americans akin to the persecution of the Jews in Nazi Germany.
When Republican Dave Camp, the chairman of the House Ways and Means Committee, had the temerity to propose a surcharge on the biggest financial houses (those with $500 billion in assets or more), to correct for the subsidy and competitive advantage provided by being “too big to fail,” Wall Street went ballistic. Republicans were told the spigot of political fundraisers would be closed until they recanted their heresy. “We’re going to beat this like a rented mule,” boasted Cam Fine, head of the Independent Community Bankers of America.
Big Oil feels so entitled to its multibillion-dollar annual subsidies, that Jack Gerard, president of the American Petroleum Institute, even denies their existence: “The oil and gas industry gets no subsidies, zero, nothing.” The more than $4 billion that the most profitable companies in the history of the world receive annually from U.S. taxpayers are apparently entitlements, not subsidies.
No one exemplifies this sense of entitlement more than the billionaire Koch brothers, self-proclaimed libertarians who pour hundreds of millions of dollars into supporting think tanks, lobbies and candidates who will protect their right to pollute our air and water while leaving taxpayers to pay billions of dollars to repair damage done. Owners of companies that have serially violated environmental, health and safety laws, the Koch brothers have played a major role in propogating the views adopted by rancher Bundy.
Mitt Romney, the Republican candidate for president, infamously denounced the 47 percent as “takers,” even while revealing that he paid a low 14.1 percent income tax rate. As Bundy dramatized, the real “takers” aren’t the poor and the vulnerable. Indeed, worse-off Americans are so disabused of any sense of entitlement that millions don’t jump the hurdles needed to receive the benefits for which they are eligible.
No, the real “takers” with a stunning sense of entitlement are the biggest corporations and banks, the richest Americans. They view their tax dodges as an inherent right, their inherited estates as a birthright. They treat the public commons as a resource that they should be free to plunder and regard any regulations that would protect those resources as an infringement on their liberty. Corporations are now arguing in court that that the First Amendment gives them the right to evade the law.
But, as Sen. Elizabeth Warren (D-Mass.) noted in her speech to the Democratic National Convention in 2012, the entitlements of the elite are increasingly under question:
“People feel like the system is rigged against them. And here’s the painful part: They’re right. The system is rigged. Look around. Oil companies guzzle down billions in subsidies. Billionaires pay lower tax rates than their secretaries. Wall Street CEOs — the same ones who wrecked our economy and destroyed millions of jobs — still strut around Congress, no shame, demanding favors and acting like we should thank them. Anyone here have a problem with that? Well, I do.”
And, as polls show, so do the vast majority of Americans. Just as Bundy discovered his casual racism was unacceptable, he will learn that his privileged sense of entitlement earns similar scorn.
By: Katrina vanden Heuvel, Opinion Writer, The Washington Post, April 29, 2014
“Pity The Poor Plutocrats”: Time’s Winged Chariot Draws Near, And There’s No Baggage Compartment
Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are H. L. Hunt…a few other Texas oil millionaires, and an occasional politician or business man from other areas. Their number is negligible and they are stupid.
–President Dwight D. Eisenhower, in a 1954 letter to his brother Edgar
Pity the poor plutocrats, victims of the envious mob. You can hardly open the Wall Street Journal these days without reading a self-pitying screed by some billionaire hungry for love.
A while back it was venture capitalist Tom Perkins, who equated criticism of the wealthy with the Holocaust.
“I would call attention to the parallels of fascist Nazi Germany to its war on its ‘one percent,’ namely its Jews, to the progressive war on the American one percent, namely the ‘rich,’” he opined in a letter to the newspaper.
Makes sense to me. One day they’re saying Wall Street bankers should pay the same tax rate as the guys who rotate their tires, next day they’re flinging them into concentration camps. Soon billionaires will be hiding in attic penthouses, quietly fondling stock certificates. Their limos will be disguised as UPS trucks, their yachts as humble tugboats.
In a subsequent San Francisco speaking engagement, Perkins suggested that the United States formally adopt a one-dollar, one-vote electoral system. Citizens, he said, should be like shareholders in a corporation.
“You pay a million dollars in taxes, you get a million votes. How’s that?”
The audience laughed, but Perkins claimed to be dead serious. Kleiner Perkins Caufield & Byers, the investment firm he co-founded, called itself shocked, and emphasized its disagreement.
More recently, Charles Koch, the elder of the infamous Koch brothers of legend and song, contributed an op-ed to the Journal bitterly complaining that people targeted by TV attack ads he’s paid for are actually allowed to talk back. The brothers, you see, are pure idealists campaigning for liberty.
So that when their Tea Party front groups oppose a public transport system in Nashville, Tennessee, work to forbid Georgia Power from investing in solar technology, or spend big on a county referendum on open pit mining in Wisconsin, it has nothing whatsoever to do with Koch Industries’ oil, gas and mining profits. It’s all about freedom.
And when the same organizations spend millions on TV commercials featuring actresses reading prepared scripts, pretending to have been injured by the Affordable Care Act and attacking Democratic U.S. senators in Arkansas, Louisiana and Alaska, that too is all about liberty.
However, wicked “collectivists” who “promise heaven but deliver hell,” — hell evidently being reliable health insurance not subject to cancellation on an employer’s whim — have called the Koch brothers out. One such is Senate Majority Leader Harry Reid, who went so far as to call their secretive methods “un-American.”
“Instead of encouraging free and open debate,” Charles Koch whined, “collectivists strive to discredit and intimidate opponents. They engage in character assassination. (I should know, as the almost daily target of their attacks.) This is the approach that…Saul Alinsky famously advocated in the 20th [century], and that so many despots have infamously practiced. Such tactics are the antithesis of what is required for a free society.”
“Despots,” mind you. Boo-hoo-hoo. Far from being abashed, Senator Reid must have been thrilled that his taunts lured Koch out of hiding. These boys normally prefer to hide the hundreds of millions they spend purchasing U.S. Senate seats behind benign-sounding outfits like “Americans for Prosperity.”
Because who’s against prosperity, right?
That said, I do think it’s wrong to call anybody “un-American.” To the contrary, the Koch brothers are every bit as American as John D. Rockefeller, H.L. Hunt or Scrooge McDuck, dabbling in his private bullion pool. The comic-heroic figure of the tycoon furiously stamping his little webbed feet because people are free to disagree with him has long been a staple of national life.
Like Charles and David Koch, who inherited hundreds of millions from their oilman father — a founding member of the John Birch Society, which famously held that President Eisenhower was a card-carrying member of the International Communist Conspiracy — their legacy often includes crackpot megalomania. Hence “collectivists,” a polite euphemism.
Koch’s Syndrome, you might call it: combining an obsessive-compulsive need to accumulate money — these boys are worth $100 billion, but they’re nevertheless bitter about paying taxes — along with a deep-seated fear of being found unworthy. Surrounded by obsequious underlings all their lives, they’ve no idea if they’ve ever really deserved it.
It may also be significant that Tom Perkins is 82, the Koch brothers 78 and 73, respectively.
Time’s winged chariot draws near, and there’s no baggage compartment.
By: Gene Lyons, The National Memo, April 9, 2014
“Wake Up, People, And See The Danger We’re In”: While Watching With Eyes Glazed, Democracy Is Being Stolen
This is a column about campaign finance reform.
And your eyes glazed over just then, didn’t they?
That’s the problem with this problem. Americans know that government truly of, by and for the people is unlikely if not impossible so long as the system is polluted by billions of dollars in contributions from corporations and individual billionaires. Half of us, according to Gallup, would like to see public financing of campaigns; nearly 80 percent want to limit campaign fundraising.
And yet somehow, the issue seems to lack a visceral urgency in the public mind. William Ostrander understands that all too well.
“There are people that will go nuts over the Second Amendment,” he says in a telephone interview. And not to diminish the importance of self-defense, he adds, but “when you look at the practical character of it, what’s going on in campaign finance corruption is far more injurious to their lives, their well-being and their children’s lives than anything most people have had to deal with with the Second Amendment.”
Ostrander is a farmer in tiny San Luis Obispo, CA, and the director of something called Citizens Congress 2014. Its members include a schoolteacher, a small-business man, a firefighter, a general contractor and a doctor — your basic average Americans — who have collectively invested thousands of volunteer hours to set up a summit (June 2-5) of lawyers, lawmakers, academics, advocacy groups and other experts.
Their aim: to brainstorm strategies and craft a plan of action to eliminate the influence of big money in politics.
Quixotic? Perhaps. But Ostrander says he has commitments from a number of high-profile individuals, including: former labor secretary Robert Reich, Harvard law professor Lawrence Lessig; and Trevor Potter, the former chairman of the Federal Election Commission, who is probably best known for his appearances on The Colbert Report, where he helped Stephen Colbert set up a SuperPAC.
We should wish them success. Because truth is, while many of us watch with eyes glazed, democracy is being stolen right out from under us. Consider that last week, the Supreme Court issued a ruling further loosening the limits on campaign donations. Consider the unseemly way four presumptive presidential aspirants ran to Las Vegas to kiss Sheldon Adelson’s ring when the billionaire casino magnate announced he was looking for candidates to support. Consider what billionaire Tom Perkins said in February: Only taxpayers should have the right to vote and the rich should have more votes.
We’re already moving in that direction. As new Voter ID laws and other restrictive measures cull the electorate of poor people, brown people and young people, as the Supreme Court further tilts the playing field toward the monied and the privileged, the notion of one person, one vote, the idea that we each have an equal say in the doings of our government, comes to feel … quaint if not downright naive.
So the politician, though she came to office determined to do right by her constituents, finds she must pay greater attention to the needs of a large donor than to those of the people she was elected to represent. And you get paradoxes like the one last year, where, although 91 percent of us wanted criminal background checks for all gun sales, somehow that didn’t happen, didn’t even come close.
It’s not the politicians’ fault, says Ostrander. “There are some really great people in Congress, honestly. It’s the system that’s broken. The system needs an intervention.”
And that won’t happen until or unless more Americans wake up from their stupor and recognize this as the clear and present danger it is. Ever feel your government doesn’t represent you?
That’s because it doesn’t.
By: Leonard Pitts, Jr., Columnist, The Miami Herald; Published in The National Memo, April 9, 2014
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