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Wednesday, February 16, 2005

Ousted HP Chief to Run as a Republican?

CQ Weekly has this story on former Hewlett-Packard CEO Carly Fiorina who is considering a run for office as a Republican [no link available].

By any measure, Carly Fiorina had a bad week last week. The board of Hewlett-Packard ousted her as chairman, CEO and president after a nearly six-year tenure that saw profits lag and the company lose one-third of its market value.

On the upside, she got a golden parachute estimated at about $21 million.

And one more thing. All this could signal the beginning of her political career.

California political insiders say that she is interested in politics — and she would get a warm reception from Republicans. “I hope she does engage in the process, because we need good people,” says the chairman of the state’s Republican Party, Duf Sundheim. “I definitely would be encouraging, and I would love the opportunity to talk to her about it.”
I say bring it on. She was one of the least successful CEOs in the history of the company. The stock is tanking. The merger with Compaq wasn't really profitable. Let her run as a Republican and have to defend her poor business decisions. That's fine by me.
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