Donald Trump(Trump Organization) Vs. Carly Fiorina(Soul of HP)
‘The fact is Carly Fiorina has a terrible past, She was viciously fired from Hewlett Packard. The company practically cratered. It still hasn’t recovered. She was a disaster CEO. She destroyed a company.' Donald Trump told host Chris Cuomo on CNN’s “New Day” about Carly Fiorina. Let's see what happend in past:
In 2002, Fiorina oversaw the biggest high-tech merger in history up to that time, with rival computer company Compaq, which made HP the world's largest personal computer manufacturer. The deal was controversial as analysts were not convinced of its strategic value and it was publicly opposed by several board members and shareholders. Following HP's gain in market share as a result of the 2002 merger, Fiorina laid off 30,000 U.S. employees. By 2004 the number of HP employees was about the same as the pre-merger total of HP and Compaq combined, and that 2004 number included roughly 8,000 employees of companies acquired by HP since 2001.
On February 9, 2005, the HP board of directors forced Fiorina to resign as chief executive officer and chairman over disagreements about the company's performance, disappointing earning reports, and her resistance to transferring authority to division heads. At that time, HP had about 150,000 employees. Its stock price had fallen by approximately half its value compared to when Fiorina had started, while the overall NASDAQ index had decreased by about a quarter owing to turbulence in the tech sector