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Major Hogwash

(17,656 posts)
2. Fiornia was fired because she spent $21 million on a corporate jet while HP was drowning in debt.
Tue Oct 20, 2015, 10:38 AM
Oct 2015

The debt was accumulated due to her decision to buy Compaq.
A decision that she championed, and one that wound up tearing HP's board of directors in to pieces.

Fiorina didn't know how to pay off the debt caused by merging with Compaq, even though she tried several different mediocre marketing gimmicks to sell both companies' product lines.

However, at the same time, she wanted to fly across the country "in style" in a brand new corporate jet.
During the reorganization of HP after the merger with Compaq, 1000s of people lost their jobs.
Even before Fiorina bought that jet.

But, the fact that many more 1000s of people lost their jobs after she bought that jet, made it appear that she was laying those people off in order to pay for her jet . . and that was the reason she was fired.

Buying that jet was the straw that broke the camel's back.

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