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Carly Fiorina (António Milena/ABr., 2004)
Carly Fiorina (António Milena/ABr. , 2004)

Cara Carleton "Carly" Fiorina (née Sneed; born September 6, 1954) is an American business executive, best known for her stint as leader of technology company Hewlett-Packard (as CEO from 1999 to 2005 and chairman of the board from 2000 to 2005). Events 3114 BC - According to the Proleptic Julian calendar the current era in the Maya Long Count Calendar started Year 1954 ( MCMLIV) was a Common year starting on Friday (link will display full 1954 Gregorian calendar) The United States of America —commonly referred to as the While executive officer literally refers to a person responsible for the performance of duties involved in running an Organization, the exact meaning of the role is variable A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator Touted as #1 "most powerful woman in business" by Forbes magazine, she led the company into a controversial merger with rival Compaq in 2002. Forbes is an American Publishing and media company Its flagship publication Forbes magazine is published bi-weekly Compaq Computer Corporation was an American Personal computer company founded in 1982 and is now a brand name of Hewlett-Packard. Fiorina presided over a halving of Hewlett Packard's value during her tenure and heavy job losses. [1] She was fired by HP's board due to dissatisfaction with her performance in February 2005.

Fiorina is also a contributor on the Fox Business Network. Fox Business Network is a United States -based cable and satellite News channel that commenced broadcasting on October 15 2007 [2]

Contents

Early life and education

Fiorina was born Cara Carleton Sneed in Austin, Texas. She attended Charles E. Jordan High School in Durham, North Carolina for her senior year; her father frequently relocated during this time. Charles E Jordan High School (generally referred to as Jordan is located in Durham North Carolina. Durham is a city in the US state of North Carolina. It is the County seat of Durham County

Fiorina received a Bachelor of Arts degree in philosophy and medieval history from Stanford University in 1976. A degree is any of a wide range of status levels conferred by institutions of Higher education, such as universities, normally as the result of successfully completing Philosophy is the study of general problems concerning matters such as existence knowledge truth beauty justice validity mind and language Leland Stanford Junior University, commonly known as Stanford University or simply Stanford, is a private Research university located in She attended the UCLA School of Law but dropped out after one semester. Fiorina received a Master of Business Administration (MBA) in marketing from the Robert H. Smith School of Business at the University of Maryland, College Park in 1980. The Master of Business Administration ( MBA) is a Master's degree in Business administration, which attracts people from a wide range of academic disciplines In popular usage "marketing" is the promotion of products especially Advertising and Branding However in professional usage the term has a wider meaning of The Robert H Smith School of Business is a school of business management within the University of Maryland College Park. The University of Maryland College Park (often referred to as The University of Maryland UMD, UMCP or simply Maryland) is a public research She received a Master of Science in management from the MIT Sloan School of Management under the Sloan Fellows program in 1989. A Master of Science ( Latin: Magister Scientiæ; abbreviated MSc, M Management (covering theory practice and scope of management and Manager' (covering the people who manage might help clarify and systematise The Sloan Fellows program is a mid-career Masters' degree in General Management supported by a grant from the Alfred P [3]

Early career

Fiorina worked various secretarial positions, including at HP as a temporary worker working for Kelly Services (then Kelly Girls). A secretary is either an administrative assistant in business office administration, or a certain type of mid- or high-level governmental position such as a Temporary work or temporary employment refers to a situation where the employee is expected to leave the employer within a certain period of time Kelly Services Inc is a Fortune 500 company headquartered in Troy Michigan, offering services that include temporary staffing services Outsourcing,

Fiorina worked as a receptionist at Marcus & Millichap and was a broker briefly. A receptionist is a person in an Office /administrative support position A mortgage broker acts as an intermediary who sells Mortgage loans on behalf of individuals or businesses During her speech at the 2006 ICSC convention in Las Vegas, Fiorina noted that her time at Marcus & Millichap helped her learn how to navigate the business world.

Fiorina taught English in Italy; her first husband's career had taken them to that country. Italy (Italia officially the Italian Republic, (Repubblica Italiana is located on the Italian Peninsula in Southern Europe, and on the two largest

AT&T (1980-1995)

Fiorina joined AT&T in 1980 as a management trainee and rose to become a Senior Vice President. Before proposing a merge request please see Talk and see if the merger you propose has recently been made and

Lucent Technologies (1995-1999)

Hewlett-Packard Company (1999-2005)

Fiorina joined Hewlett-Packard Company on July 19, 1999 as CEO, succeeding Lewis Platt. Events 711 - Muslim forces under Tariq ibn Ziyad defeat the Visigoths led by their king Roderic. Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) Lewis E Platt ( April 11, 1941 - September 8, 2005) succeeded John A [13] She was not involved in the decision to spin-off Agilent Technologies but she presided over the process of implementing this decision. Agilent Technologies ( or Agilent, is a measurement and instrument company headquartered in Santa Clara, California. She often referred to her efforts as an attempt to "Reinvent HP. " During the general business downturn in 2001, Fiorina opted for 7,000 layoffs. [14]

Throughout her career at HP, Fiorina was a very visible CEO. Her business travel included interactions with Hollywood entertainers and politicians. Her actions prompted the San Jose Mercury News to speculate that she might later run for election to public office. The San Jose Mercury News is the major daily Newspaper in San Jose California and Silicon Valley.

In 2001 she was named one of the 30 most powerful women in America by Ladies Home Journal. Ladies' Home Journal is a Magazine which first appeared February 16, 1883 and eventually became one of the leading magazines of the 20th Century

Compaq merger

In 2002, in the wake of the bursting of the Tech Bubble, Fiorina proposed a controversial merger with rival company Compaq. The " dot-com bubble " (or sometimes the " IT bubble " was a speculative bubble covering roughly 1995–2001 (with a climax on March 10 Compaq Computer Corporation was an American Personal computer company founded in 1982 and is now a brand name of Hewlett-Packard. She campaigned for this plan and it was implemented amid public clashes with board member Walter Hewlett[15], the son of HP founder William Hewlett. William Redington Hewlett ( May 20, 1913 &ndash January 12, 2001) was the co-founder with David Packard, of the Hewlett-Packard The merger temporarily put HP in the top spot in the PC business ahead of Dell Computer Corp (now Dell, Inc. The multinational technology company Dell Inc develops manufactures sells and supports Personal computers and other computer-related products ). After the merger, quarterly results were inconsistent and the share price stayed stagnant. HP saw an exodus of top managerial talent, mostly from the Compaq side, including Michael Capellas, Jeff Clarke, Mary McDowell, and the forced resignation of Peter Blackmore. Michael David Capellas (born August 19, 1955 in Warren, Ohio)has been the Chairman and Jeff Clarke (born July 1961 in Ithaca New York) is an American Businessman. HP's services continued to lose market share to IBM, and HP continued to rely on its lucrative printer division to remain profitable. International Business Machines Corporation abbreviated IBM and nicknamed "Big Blue", is a multinational Computer Technology

On January 7, 2004, at a meeting with Congressional members, Fiorina said, "There is no job that is America's God-given right anymore. We have to compete for jobs as a nation. "[16][17][18] Her statements angered Bay Area workers who felt that low wages overseas encouraged corporations to use less-qualified offshore workers instead of well-qualified locals. [19] Fiorina responded to this criticism by publishing a clarifying op-ed piece in the Wall Street Journal. [20]

Fiorina was named in the Time 100 for 2004. The Time 100 is an annual list of the 100 most influential people in the world as assembled by Time. [21]

Departure

As HP's performance slowed, the Board of Directors became increasingly concerned. In early January 2005, the HP Board of Directors presented Fiorina with a four-page list of issues the board had with Fiorina's performance. [22] A week after the meeting, the plan was leaked to the Wall Street Journal. [23] The board proposed a plan to shift her authority to HP division heads, which Fiorina resisted. [24]

On 9 February 2005, Carly Fiorina was dismissed as chairman and chief executive officer of HP. Events 474 - Zeno crowned as co-emperor of the Byzantine Empire. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. "While I regret the board and I have differences about how to execute HP's strategy, I respect their decision," Fiorina said in a statement. "HP is a great company and I wish all the people of HP much success in the future. " She was replaced by Patricia C. Dunn as chairman and CFO Robert Wayman as CEO. Patricia Cecile Dunn (born March 27[[ 953]] aka Patricia Cecile Dunn-Jahnke is the former Global CEO of Barclays Global Investors (BGI one of the world’s largest and most [25] Hewlett-Packard's stock jumped 7% on news of her departure. [26]

Under Hewlett-Packard's severance agreement, Carly Fiorina received US $21 million in cash, which was 2. 5 times her base annual salary. [27] On March 8, 2006, two large institutional investors filed suit against Hewlett-Packard for violating its own severance cap when it doled out a multimillion-dollar payment to Fiorina as part of her termination agreement. [28]

Post-HP activities

In a commencement address at the North Carolina Agricultural and Technical State University on May 7, 2005, Fiorina said about HP: "The worst thing I could have imagined happened. North Carolina Agricultural and Technical State University ( NC A&T) is a HBCU historically black college/university and is a constituent institution of the University I lost my job in the most public way possible, and the press had a field day with it all over the world. And guess what? I'm still here. I am at peace and my soul is intact. I could have given it away and the story would be different. "[29]

In an 10 October 2007 article in Daily Variety, it was reported that Fiorina had signed with Fox Business Network to become a frequent business commentator on the newly-formed cable network, intended to be a competitor to the CNBC cable network. Events 680 - Battle of Karbala: Shia Imam Husayn bin Ali, the grandson of the Prophet Muhammad, is decapitated Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Variety is a weekly entertainment trade newspaper founded in New York in 1905 by Sime Silverman Fox Business Network is a United States -based cable and satellite News channel that commenced broadcasting on October 15 2007 CNBC (an abbreviation for the " C onsumer N ews and B usiness C hannel" its official name until 1991 is a cable and [30]

Fiorina holds positions on the board of trustees of the Massachusetts Institute of Technology, and the Foundation Board of the World Economic Forum. The World Economic Forum (WEF is a Geneva -based Non-profit foundation best known for its Annual Meeting in Davos, Switzerland She is an Honorary Fellow of the London Business School. London Business School is a leading international Business school and a constituent college of the University of London. [31]

In early September 2005, Fiorina was named a director at Revolution Health Group, a venture formed by Steve Case. Revolution Health Group is a United States -based Corporation founded in July 2005 by Steve Case, who previously co-founded America Online. Steve Case (born August 21, 1958) is a businessman best known as the co-founder and former Chief executive officer and Chairman of [32] In October 2005, Fiorina joined the board of computer security company Cybertrust. Cybertrust is a security-services firm based in Virginia that was formed in November 2004 as a result of a merger of the TruSecure and Betrusted security [33] In April 2006, Fiorina joined the board of directors for Taiwan Semiconductor Manufacturing Company. Taiwan Semiconductor Manufacturing Company Limited ( Traditional Chinese: 台灣積體電路製造股份有限公司 abbrev Fiorina is an independent Taiwan Semiconductor Manufacturing Company board member and serves on the audit and compensation committees. Taiwan Semiconductor Manufacturing Company Limited ( Traditional Chinese: 台灣積體電路製造股份有限公司 abbrev [34]

On 9 October 2006, Fiorina released her book, Tough Choices: A Memoir, about her career and her views on such issues as what constitutes a leader, how women can thrive in business and the role technology will continue to play in reshaping our world. Events 768 - Carloman I and Charlemagne are crowned Kings of The Franks. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. She then launched a book tour, with several appearances scheduled for Silicon Valley locations. For the valley nicknamed "Silicone Valley" see San Fernando Valley. [35] On 10 October 2006 while she was interviewed on the Charlie Rose Show, Fiorina asserted that her leadership was strong throughout, and that the Compaq merger was well conceived, but misunderstood by the Board. Events 680 - Battle of Karbala: Shia Imam Husayn bin Ali, the grandson of the Prophet Muhammad, is decapitated Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Charlie Rose is an American television interview show with Charlie Rose as executive producer executive editor and host [36]

In an interview with the Wall Street Journal during her book tour, Fiorina said she is considering a political career or some form of "public service. " She is also open to becoming CEO of another public company. [37]

Fiorina has been floated in some sources as a potential Vice President in a McCain administration. [38] She endorsed Senator John McCain as the Republican nominee in the 2008 presidential elections and campaigned with him. The United States Senate is the Upper house of the bicameral United States Congress, the Lower house being the House of Representatives The United States presidential election of 2008, scheduled for Tuesday November 4 2008 will be the 56th consecutive [39] At an economic round-table with the senator in January 2008, Fiorina praised McCain, claiming that "John McCain is a man who understands what the role of government should be, and what the role of government should not be. "[40]

On March 7, 2008 Fiorina was named "Chair of Victory, 2008," an RNC coordinated group to raise money and conduct get out the vote activities, by the Republican National Committee. She also stated then that she would additionally be a point person for the McCain campaign as related to business and economic affairs, as well as publicly advocating the Republican Party. [41] Fiorina has along with Bill Gates been actively promoting expansion of H-1B visa guest worker visas. If you would like to experiment with Wikipedia please copy The H-1B is a non-immigrant visa in the United States under the Immigration & Nationality Act section 101(a(15(H [42]

Personal life

Further reading

Notes

  1. ^ HP's share price moved from 45. 36 to 20. 14 during Fiorina's leadership, a performance of -56%; the market itself, as measured by the S&P 500, lost 14. 6% (share price data from Bloomberg).
  2. ^ Fox News, By Jordan Robertson, AP Technology Writer
  3. ^ MIT Course Catalogue: Sloan School of Management
  4. ^ (November 20, 1995). "Systems and technology company headquarters, top execs announced". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News
  5. ^ (February 5, 1996). "AT&T announces board members, SEC filing for new company". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News
  6. ^ (October 15, 1996). "Fiorina to head Consumer Products business for Lucent Technologies". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News
  7. ^ (October 15, 1996). "Fiorina to head Consumer Products business for Lucent Technologies". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News
  8. ^ (October 1, 1997). "Philips and Lucent complete PCC joint venture, create world leader in corded/cordless phones and answering machines". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News
  9. ^ (October 22, 1998). "Lucent Technologies and Royal Philips Electronics end joint venture; Lucent to sell off its portion of operation". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News
  10. ^ (October 23, 1997). "Lucent Technologies appoints chief operating officers, organizes business around fastest growth opportunities". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News
  11. ^ Julie Creswell and Dina Bass. "Ranking The 50 Most Powerful Women: Fortune's First Annual Look at the Women Who Most Influence Corporate America", Fortune, October 12, 1998.  
  12. ^ Patricia Sellers and Cora Daniels. "The 50 Most Powerful Women In American Business: In an age of celebrity, it may surprise you that our No. 1 woman is someone you've never heard of. There are other surprises too: Some nontraditional businesswomen, like Oprah Winfrey, rank high--and some well-known CEOs, like Warnaco's Linda Wachner, don't. ", Fortune, October 12, 1998.  
  13. ^ Wharton School. "An Interview with Carly Fiorina", Knowledge@Wharton, October 18, 2006.  
  14. ^ Peter Burrows. "HP's Carly Fiorina: The Boss", BusinessWeek, August 2, 1999.  
  15. ^ Dawn Kawamoto. "Walter Hewlett speaks out", CNET, March 13, 2002.  
  16. ^ Jim Puzzanghera. "Coalition of High-Tech Firms to Urge Officials to Help Keep U. S. Competitive", San Jose Mercury News (Knight Ridder/Tribune Business News), January 8, 2004.  
  17. ^ Drew Cullen. "US tech industry stands up for overseas jobs", The Register, January 8, 2004.  
  18. ^ Carolyn Lochhead. "Tech bosses defend overseas hiring / Intel, HP chiefs warn that U.S. needs to improve education system", San Francisco Chronicle, January 8, 2004.  
  19. ^ Carolyn Lochhead. "Economists back tech industry's overseas hiring / Workers deny U.S. lacks qualified staff", San Francisco Chronicle, January 9, 2004.  
  20. ^ Carly Fiorina. "Be Creative, Not Protectionist", The Wall Street Journal, February 13, 2004.  
  21. ^ Sarah H. Wright. "Four earn place in Time", MIT News Office, April 13, 2005.  
  22. ^ Pui-Wing Tam. "H-P's Board Ousts Fiorina as CEO", The Wall Street Journal, February 10, 2005.  
  23. ^ Pui-Wing Tam. "Hewlett-Packard Board Considers A Reorganization --- Management Moves Stem From Performance Concerns; Helping Fiorina `Succeed'", The Wall Street Journal, January 24, 2005.  
  24. ^ Peter Burrows and Ben Elgin. "The Surprise Player Behind The Coup At HP", BusinessWeek, March 14, 2005.  
  25. ^ HP (February 9, 2005). "HP Chairman and CEO Carly Fiorina Steps Down". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News
  26. ^ Paul R. La Monica. "Fiorina out, HP stock soars", CNN/Money, February 10, 2005.  
  27. ^ "HP To Pay Fiorina $21 Million Severance Package", ECommerce Times, February 14, 2005.  
  28. ^ Roy Mark. "HP Stockholders After Fiorina Severance", InternetNews. com, March 9, 2006.  
  29. ^ "Fiorina's Commencement Address", BusinessWeek, May 9, 2005.  
  30. ^ Michael Learmonth. "Fox cabler signs Fiorina", Daily Variety, October 10, 2007, p.  4.  
  31. ^ Former Executive Bios: Carleton S. Fiorina. Retrieved on 2006-01-16. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 27 BC - The title Augustus is bestowed upon Gaius Julius Caesar Octavian by the Roman Senate.
  32. ^ "Fiorina joins Case's company", CNN/Money, September 9, 2005.  
  33. ^ (October 27, 2005). "Carly Fiorina Joins Cybertrust Board of Directors". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News
  34. ^ Dan Nystedt. "Carly Fiorina joins board of chip maker TSMC", Network World, April 6, 2006.  
  35. ^ On home turf, Fiorina feted October 20, 2006
  36. ^ Fiorina, Carly. Interview with Charlie Rose. The Charlie Rose Show. October 10, 2006.
  37. ^ Alan Murray and George Anders. "Fiorina Says Her Next Role May Involve Politics", The Wall Street Journal, October 10, 2006.  
  38. ^ Jacoby, Mary (2008-4-22), Carly Fiorina Gets a Plug for VP Job, <http://blogs.wsj.com/washwire/2008/04/22/carly-fiorina-gets-endorsement-of-sorts-for-vp-job/> 
  39. ^ McCain Supporters. JohnMcCain. com. Retrieved on 2008-01-23. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 393 - Roman Emperor Theodosius I proclaims his nine year old son Honorius co-emperor
  40. ^ Eilperin, Juliet (2008-1-23), “McCain Outlines Economic Plans”, The Trail, <http://blog.washingtonpost.com/the-trail/2008/01/23/mccain_outlines_economic_plans.html> 
  41. ^ Carpenter, Amanda (2008-3-7), RNC Merges with McCain, <http://www.townhall.com/Columnists/AmandaCarpenter/2008/03/07/mccain_merges_with_rnc> 
  42. ^ Arrington, Michael (2008-3-17), McCain Embraces Tech Executives For White House Push, <http://www.techcrunch.com/2008/03/17/mccain-embraces-tech-executives-for-white-house-push-techcrunch-interviews-carly-fiorina> 
  43. ^ Joann S. Lublin and Rebecca Blumenstein. "In the Upscale Fiorina Family, She's the CEO and He's Home but she enjoys the simple life", Wall Street Journal, July 22, 1999.  

External links

Dated

Business positions
Preceded by
Richard Hackborn
Chairman of Hewlett-Packard
2000–2005
Succeeded by
Patricia C. Dunn
Preceded by
Lewis E. Platt
Chief Executive Officer of Hewlett-Packard
1999–2005
Succeeded by
Robert Wayman
President of Hewlett-Packard
1999–2005
Succeeded by
Mark Hurd
Patricia Cecile Dunn (born March 27[[ 953]] aka Patricia Cecile Dunn-Jahnke is the former Global CEO of Barclays Global Investors (BGI one of the world’s largest and most Lewis E Platt ( April 11, 1941 - September 8, 2005) succeeded John A A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator Robert P Wayman is currently the Chief financial officer and executive vice president of the Hewlett-Packard Company as well as a member of the HP Board of President is a Title leaders of Organizations companies, Trade unions universities, and countries. Mark V Hurd is the chairman Chief executive officer, and president of Hewlett-Packard.
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