Fiorina’s Record at HP Defines Her Candidacy — Which Could Be a Problem
“The difference was night and day,” Verley said, “between a company that encouraged people to have ideas . . . to more of a top-down, controlling environment in which ideas could lead to your exit.”
Fiorina declined to comment for this article. Her campaign has defended her record by saying the company doubled its revenue and “grew jobs” under her tenure — but that’s because it purchased a large rival.
Other metrics of HP’s performance paint a more revealing portrait of the company’s downfall. Under Fiorina, company shares collapsed more than 50 percent, far worse than those of competitors such as IBM and Dell and the tech-heavy Nasdaq composite index. The year she left, HP profits were $1 billion less than when she started, even though the company was twice the size.
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