Carly Fiorina for U.S. Senate?

As CEO of Hewlett-Packard from 1999 to 2005, Fiorina executed a massive transfer of U.S. jobs and technology from the U.S. to India and China.

Now California and the U.S. are suffering the consequences of Fiorina and other "Benedict Arnold" CEOs. A root problem of the U.S. economy is the trade imbalance. Fiorina played a key role: Offshoring jobs causes dollars to flow out of the U.S. The HP workers in China and India do not pay U.S. income tax. Their wages do not recirculate back into the local economy. Former HP employees lose their homes.

Carly is willing to destroy the careers of several thousand Americans if it means edging out IBM in quarterly earnings:

Dec 2002 Forbes: The New HP Way: World's Cheapest Consultants - "We're trying to move everything we can offshore." - HP Services chief Ann Livermore ... HP figures a good high-end programmer in India costs about $20,000 a year, about a quarter the U.S. cost. And things could get even cheaper. "We see China gaining on India about three or four years from now." Livermore, with the blessing of Chief Executive Carly Fiorina, is betting that HP can both lower its costs and damage industry leader IBM by slashing services prices with cheaper bodies.

While HP was undergoing massive layoffs, she approved the lease of two new Gulfstream IV jets, and took endless trips to socialize with Hollywood movie stars and politicians, trips that could be justified as fortifying the benefits of one's political career, not those of shareholders and of HP. (Reference)

Under Hewlett-Packard's severance agreement, Carly Fiorina received US$14 million in cash, which was 2.5 times her base salary and target bonus. HP also paid her US$5.88 million under its 2003-2004 long-term performance cash program, and US$1.5 million, which was the pro-rated amount of her awards under the 2004-2005 program. Her total severance package was estimated to total US$42 million. (Source: [1])

Fiorina once stated to Congress that "There is no job that is America's God-given right anymore." This is not the company that Bill Hewlett and Dave Packard envisioned. This is corporate greed gone mad.

Watch Carly Fiorina Garage Spoof video.