Gonzo Marketing:Winning Through Worst Practices The Bombast Transcripts: Rants and Screeds of RageBoy
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Saturday, October 04, 2008
"I don't think there's any analogy"
(because I'm a total fucking idiot)
From the Better Late Than Never Department, the following are excerpts from a 16 September ABC News story titled McCain Economic Adviser Carly Fiorina's Golden Parachute...
Republican ticket mates John McCain and Sarah Palin Monday blasted corporate executives who leave their company with a "golden parachute" and pledged to "stop multimillion dollar payouts" to CEOs, seeming to forget their own top economic adviser Carly Fiorina walked away with $45 million, including a $21.4 million severance package when she was dismissed by Hewlett Packard in 2005.
And not-so-btw, she was fired for nearly destroying the company. HP employees were dancing in the streets when Carly was handed her walking papers. For example: "Good riddance. Colleagues still at HP report that there is open celebration in the labs and cube-farms." But continuing with the ABC News piece...
"We are going to reform the way Wall Street does business and put an end to the greed that has driven our markets into chaos," McCain said at a campaign rally in Florida Monday... "We will stop multimillion dollar payouts to CEO's who have broken the public trust. We will put an end to running Wall Street like a casino. We will make businesses work for the benefit of their shareholders and employees."

McCain's top economics adviser Carly Fiorina, a McCain campaign surrogate who made the rounds on the Sunday morning talk shows this past weekend and appeared on CNN Monday speaking for McCain, herself benefited from a multimillion dollar payout.

Fiorina was dismissed as the CEO of Hewlett Packard in 2005 after a merger with Compaq floundered, stock prices plunged 50 percent, and 20,000 people were laid off. Fiorina walked away with a $21.4 million severance package.

Asked whether McCain was talking about CEOs like Fiorina, McCain's top adviser who walked away with millions in compensation as her company's stock price plunged, Rogers said McCain was "talking about the issues that are before us today."

"We're talking about Freddie and Fannie and CEOs like Jimmy Cayne of Bear Stearns, Angelo Mozilo at Countrywide, folks that are largely responsible for what happened and walk away with this kind of multimillion dollar payout," Rogers said.

"I don't think there's any analogy there,"
Rogers said referring to Fiorina.

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"RageBoy: Giving being fucking nuts a good name since 1985."
~D. Weinberger
28 October 2004

Chris Locke's photos More of Chris Locke's photos

Until a minute ago, I had no photos. I still have no photos to speak of. I don't even have a camera. But all these people were linking to "my photos." It was embarassing. It's still embarassing. But I'm used to that.

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