Financial failings

Unpaid debts from 2010 campaign rock Fiorina’s claims to expert money management

Carly Fiorina's financial expertise are under scrutiny. (Sean Rayford/Getty Images)

Carly Fiorina has impressed GOP voters and horrified advocates of Planned Parenthood, emerging from the September 16 presidential debate as a legitimate challenger for the GOP’s presidential nomination eager to tout her financial credentials as a former Hewlett-Packard CEO. A report from The Washington Post however indicates that Fiorina may not necessarily be the expert money-manager she claims.

Interviews with staff, contractors, and friends who worked on Fiorina’s failed 2010 bid for Senate in California identified cash management as the Fiorina team’s greatest failing. Fiorina reportedly delegated most financial responsibilities to her staff, and by campaign’s end the team was debt. Fiorina then refused to pay up, claiming that the debt belonged to the campaign.

The multi-millionaire reimbursed herself nearly $1.3 million that she lent herself for the campaign, but left more than 30 invoices totaling about $500,000 unpaid, ultimately clearing most of the balance this January, a few months before announcing her run for president. “If we didn’t win,” said Jon Cross, Fiorina’s operations director for the Senate campaign, “why do you deserve to get paid?”

Read the full story at The Washington Post.

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