www.skegley.blogspot.com The Blog of Sam Kegley. Many of my posts to this site are forwarded from trusted friends or family which I acknowledge by their first Name and last initial. I do not intend to release their contact info.
Sunday, September 27, 2015
Carly Fiorina ... Thx Pidge F!
>> Interesting reading.
>>
>>>>
>>>> If you found Carly Fiorina an interesting Presidential candidate in
>>>> the debates, you might find this interesting by someone in the KNOW.
>>>> The author is:
>>>> Tom Perkins is the founder of the California venture capital firm
>>>> Kleiner Perkins Caufield & Byers, arguably the most famous and
>>>> successful VC firm in Silicon Valley history.
>>>>
>>>> Published September 17, 2015 | By Tom Perkins
>>>>
>>>> The consensus is clear: Carly Fiorina won both the first and now
>>>> second Republican Primary debates. As a result she is climbing in
>>>> the polls and into the top tier of candidates. Her rise has led
>>>> pundits to speculate about her tenure as CEO of Hewlett-Packard.
>>>> I was a member of the HP Board of Directors much of the time Carly
>>>> was the CEO (1999-2005). I was in the room for many of the
>>>> decisions she made. I can attest to the strength of Carly’s
>>>> leadership, the accuracy of her vision and the quality of her management.
>>>> Carly was an excellent CEO. She led HP through one of the worst
>>>> economic times in decades. Less than two years into Carly’s
>>>> leadership, the dot com bubble went bust. Silicon Valley was in chaos.
>>>> Companies were shedding jobs almost daily. There were so many
>>>> layoffs The Associated Press ran weekly announcements regarding
>>>> layoffs at tech companies. And The San Francisco Chronicle declared
>>>> 2001 “The Year of the Layoff.”
>>>> While other Silicon Valley icons like Sun Microsystems disappeared,
>>>> Carly’s vision and execution not only helped to save HP but made it
>>>> a strong, more versatile company that could compete in the changing
>>>> technology sector.
>>>> I was on the Compaq Board during the HP-Compaq merger and remained
>>>> a member of the new HP Board once the merger was complete. Both
>>>> companies knew that we needed something dramatic to inject life
>>>> back into our companies.
>>>> The merger, while controversial, was unanimously approved by every
>>>> member of the HP Board and won approval from shareholders. Thanks
>>>> to Carly’s leadership there was a path forward for this storied but
>>>> troubled company.
>>>> Critics questioned the move, but history proves Carly was right.
>>>> Post merger, HP became the biggest computer company in the world.
>>>> It positioned HP to compete in integrated systems and allowed us to
>>>> compete in sectors beyond the core strength of the company, printers.
>>>> Carly was hired at HP because it was struggling. Revenues were
>>>> down, quarterly earnings were missed, innovation lagged and growth
>>>> stagnated. HP, once the leader in Silicon Valley, was clinging to
>>>> the status quo and failing to embrace the new tech era.
>>>> Silicon Valley companies were prospering by taking advantage of the
>>>> new technologies; HP was stubbornly clinging to the past. HP needed
>>>> a change agent and someone who could return the company to its
>>>> glory days. Carly was the right choice.
>>>> The results of Carly’s transformational leadership? HP revenues
>>>> doubled to more than $80 billion, innovation tripled to 15 patents
>>>> per day, the growth rate more than quadrupled 6.5 percent and we
>>>> grew to become the 11th largest company in the country.
>>>> Carly did what she was brought in to do: turn the company around
>>>> and make it successful again. Not only did she save the company
>>>> from the dire straits it was in, she laid the foundation for HP’s
>>>> future growth.
>>>> Critics often claim was fired at HP because she was unsuccessful.
>>>> As a member of the board, I can tell you this is not true.
>>>> In truth, it was the Board I was a part of that was ineffective and
>>>> dysfunctional. The HP board of directors included family members of
>>>> the founders. Carly worked with the hand she was dealt as best as
>>>> one could. While Carly fought to save the company and the employees
>>>> within, some board members fought for their own power or advancement.
>>>> You see, some board members wanted to micro-manage the company,
>>>> hand picking friends and allies to run divisions. This is no way to
>>>> run a global company and Carly had the strength of character and
>>>> courage of conviction to stand up to it and ultimately she lost her
>>>> job because of it.
>>>> While lesser leaders would have accepted offers of transition plans
>>>> and graceful resignations, Carly would have none of that. Carly
>>>> demanded to be fired. In order to restore peace to the board I
>>>> voted to fire her. That was a mistake.
>>>> In the months and years after Carly left, the Board of Directors
>>>> remained dysfunctional. The Board members who plotted Carly’s
>>>> ouster eventually resigned after an embarrassing investigation by Congress.
>>>> I have no question that Carly is a transformational leader who
>>>> uniquely has both vision and the expertise to implement it. We are
>>>> in the middle of a heated election, and often facts and the truth
>>>> get lost in the heat of partisan rhetoric.
>>>> As someone who worked with and observed Carly first hand I can
>>>> attest to her abilities, intellect and talent. I am proud to
>>>> support Carly Fiorina for President of the United States.
>>>> Tom Perkins is the founder of the California venture capital firm
>>>> Kleiner Perkins Caufield & Byers, arguably the most famous and
>>>> successful VC firm in Silicon Valley history.
>>>>
>>>>
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