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Track records

Carly Fiorina’s career at HP criticized as election season continues

By WITW Staff on August 19, 2015

Republican Carly Fiorina is the only former female chief executive among the 2016 presidential candidates, but her business record is “not so sterling,” according to journalist Andrew Ross Sorkin in a new profile for DealBook. Responding to a statement in which the politician has turned to her “track records and accomplishments” to prove her presidential competency, he details how Fiorina, who once ran Hewlett-Packard, was fired after an “ill-conceived” merger with Compaq allowed the stock price to fall by more than half in 2005. Nearly 30,000 people were laid off during her time. In an essay published by CNN last week, Fiorina blamed losing her job on her management style, saying, “When you lead and when you challenge the status quo, you make enemies.” A new CNN/ORC poll showed Fiorina rise considerably among a national survey of voters and break into the top 10 for the first time since the field grew to 17 candidates.

Read the full piece at The New York Times’ Dealbook.