Tuesday, May 12, 2015

Carly Fiorina, Fiscal, er, Deadbeat!

Why is she running? Oh, right, book tour...

Inquiring minds want to know why -- other than hubris, book tour, other grifting opportunities -- Carly Fiorina is even running for president. It can't be because she thinks she's such a great administrator.

Item 1 in the "I can't believe she's not better!" department: She failed to pay her consultants, et al, for her 2010 campaign, until, er, right before she jumped into the race just a week or so ago. Can't have unfinished business if you're running for the highest office in the land!
Carly Fiorina, the Republican presidential candidate and former Hewlett-Packard CEO, is marketing herself as a pragmatic, fiscally responsible businesswoman—the only GOP candidate who knows, as she says, "how the economy actually works." Yet during her unsuccessful US Senate bid in 2010, her opponents slammed her record at HP. When she led the firm, it laid off 18,000 workers, and its stock declined by 41 percent. Eventually, she was forced out of the company but departed with a $21 million golden parachute. Now she may need to answer for another managerial blunder. For more than four years, she was a deadbeat and didn't pay the bills she owed for her Senate campaign. She only settled these outstanding debts just before she jumped into the 2016 race.
Until late last year, Fiorina was close to $500,000 in debt from her 2010 run, nearly all of it in unpaid compensation to campaign staffers and outside consultants, according to Federal Election Commission filings. In 2013, the San Francisco Chronicle reported that Fiorina owed serious cash to former campaign operatives, several of whom were unsure about when they would be paid for their work. And they complained they were not getting clear information from Fiorina about when she would get them their money. At that time, she owed $60,000 to her 2010 campaign manager, Marty Wilson; $20,500 to Beth Miller, a consultant and former aide to California Gov. Pete Wilson; and $30,000 to the firm of veteran GOP political consultant Joe Shumate.
Good grief!

(h/t Atrios)

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