Monday, October 09, 2006

Three quotes about "Tough Choices"

In WIRED this morning there is an article about Carly Fiorina's new apoliga which has three prime quotes. They are -

1- "Carly Fiorina's career has followed an uncannily cinematic arc. A restless law school dropout becomes a master sales rep for Ma Bell, then rises higher in business than any other woman, running Hewlett-Packard for six years. She wrestles that stodgy Silicon Valley institution into the internet age, needing every ounce of her charm to win a huge merger contest. But her style inflames critics. After her financial results fall short, she is unceremoniously canned."

2 - But Carly had a lot of promises over results - here are some letdowns - "Among the most famous letdowns: Fiorina told Wall Street HP could produce 15 percent revenue growth in 2001. It fell 7 percent. In August 2004, when sales fell way short of forecasts, Fiorina blamed embarrassing problems with an internal computer system and surprisingly weak customer demand, then fired three top executives."

Here is how a Senior Dean at the Yale School of Management would grade her - Jeffrey Sonnenfeld, a senior associate dean at Yale's School of Management, saw Fiorina's globe-trotting in the spotlight as a reflection of the fact that she had "never been outside of backslapping in industrial sales" and was "thrown in over her head" as CEO of a sprawling organization. His verdict on her tenure: "A reign of terror and poor performance. You've got to lay at the feet of the board the fault for picking her," said Sonnenfeld, who has recently advised some of those same directors on how to handle HP's spying scandal."

That about sums it up.

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