So.... Carly Fiorina has thrown her bra into the ring of the
circus that the ever expanding list of Republican presidential hopefuls have
become. While she's not in the clown car (reserved for Carson, Paul and Santorum),
she is worth a closer look because she seems so poised , so self assured,
so....."competent?" All this of course, while leading with a jab at
Hilary Clinton, criticizing her "lack of leadership skills.'
The truth is,
she has been such a failure as a businessman (businessperson?)/leader as to make Neil Bush look like Warren Buffett. Carly
Fiorina was a one-woman wrecking crew during her tenure as CEO of
Hewlett-Packard. Running on her executive experience, it is hard to see how
Fiorina can square her professed executive aptitude with the fact that as H-P
CEO for six years between 1999 and 2005, she single-handedly came near to
sinking what was widely considered the world’s best technology company.
At H-P Fiorina
was responsible for an ill-fated merger with Compaq, as well as firing nearly 30,000 employees and sending
tens of thousands of jobs oversea. Never short of hubris, Fiorina referred to the latter as “Right Shoring,” meaning sending US jobs
overseas was somehow for the greater good. In 2005, Fiorina was finally fired, and given
a $20-million
dollar settlement to just go away. (and some wonder why Senator Warren decries "corporate excess!") In response H-P
share prices bounced back by 10% in a single day. About Fiorina’s service at
H-P Arianna Packard wrote, “I know a little bit about Carly Fiorina, having
watched her almost destroy the company my grandfather founded.”
While many know of her H-P escapades, Fiorina was involved in a much more damaging
business disaster, one that America will continue to pay for over generations;
the destruction of the Bell Laboratories. Beginning in 1995, Fiorina took over
as the head of corporate operations of the AT&T spinoff, “Lucent
Technologies” which included Bell Labs.
Bell
Labs, it was Ma Bell's gift to America, a place where monopoly telephone
service was offset by a research business that employed over 25,000 scientists,
engineers, mathematicians and researchers. At Bell Labs, research was considered an end unto
itself. The output of this gold standard research facility included such major
technology breakthroughs as the
transistor, the silicon microprocessor, the laser, fiber optics, the
communications satellite, the UNIX and C++ computer operating systems. In the
pursuit of improved communications, serendipity occurred such as in the form of
the confirmation of the “Big Bang” theory which won physicist Arno Penzias a
1977 Nobel Prize. Penzias, the retired Bell Labs vice-president for research,
put it best when he said, “one of the
great luxuries of Bell Labs is that we
don’t always need to get it right.” Bell Labs did get it right enough to amass
more than 25,000 patents.
That all began
changing in 1995 when a corporate team that included Carly Fiorina descended on
the Bell Labs and began to pull the plug on pure research. It was Carly Fiorina
who lead the purge which let the scientists at Lucent know that they had better
start looking for ways to “productize” their research.
What she left
behind at Lucent/Bell Labs (when she left to trash H-P) was a smoking ruin of what had been the
world’s most important and productive research lab, an organization responsible,
in no small measure, for giving America
the post-World War II boost that helped make the nation the world technology
leader. Bell Labs contributed mightily
to the prosperity that Americans took for granted but which came in no small
measure from the pure research as practiced there. By insisting that every piece of research be
tied to a product, Fiorina and her ilk helped prevent a new generation of
scientists from looking out over the far horizon and bringing back the kind of
benefits that have come from such then-seemingly useless technologies including
the transistor, laser, fiber optics.
The correlation
between Fiorina’s ill fated tenure at the Bell Labs and the decline of American
technology is tragic and is not coincidental. Despite the millions she will
spend on media to convince voters
otherwise, Fiorina, already a failed California Senate candidate in 2010, is one of a disappointingly large number of one-dimensional corporate bottom feeders whose
only answer to fixing the bottom line is to fire thousands of people rather
than finding creative ways to use the immense brainpower that could be used to
grow a company and a nation during economic hard times.
Republican voters and any others who are tempted to be swayed
by her "I'm a tough, successful
executive" swagger, should reconsider. Carly
Fiorina’s purge at Lucent and disastrous tenure at H-P highlight her as the
kind of retrograde executive a still-recovering U.S. economy cannot afford to elect to higher
office. Fiorina has already proven to be an uncreative corporate drone and an unmitigated catastrophe for American business and technology.
In an economic climate
where many bemoan the lack of good
paying jobs, Fiorina killed roughly 50,000 of them while at Bell Labs and Hewlett-Packard.
Hell, imagine what she might propose as president! So far she has shown herself incapable of mastering either long-term strategic thinking or the ability
to coexist in a collegial decision making environment. That
creativity was absent when Fiorina was
at H-P and certainly not when she was at the Bell Labs. It is a similarly tough
stretch to imagine a "President Fiorina" bringing anything but her
"killing touch" to politics and governance, in any setting, never
mind the nation's highest elected office.
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