* Did you know that when Carly Fiorina was fired at HP that the stock went up dramatically?
CNN (Feb. 10, 2005):
Hewlett-Packard Co. Chairman and CEO Carly Fiorina, one of the most powerful women in corporate America, is leaving the troubled computer maker after being forced out by the company's board.
Shares of HP (Research) jumped 6.9 percent in heavy trading on the New York Stock Exchange Wednesday on the news. But at one point, the stock was up as much as 10.5 percent....
....On a conference call with reporters, executives said Fiorina was not terminated for cause and that she would receive severance pay -- and a company spokesman said she'll get a payout of approximately $21 million...
There goes her claim to being a person who was successful in business. Wow! Her leadership did not help the company, she was fired, but she still got $21 million! $21 million!!!!?????
***** While Democratic Rep. Mary Jo Kilroy (OH-15) works on cleaning up the mortgage mess, I'm reminded of when Steve Stivers voted against state regulation of mortgages.
Dispatch (5/25/06):
An anti-predatory lending bill that Republicans, Democrats and home-buyer advocates praised as one of the strongest consumer-protection measures in the nation won legislative approval yesterday.
...Gov. Bob Taft is expected to sign the measure, which for the first time would subject much of the mortgage industry to the state Consumer Sales Practices Act, giving borrowers and the attorney general's office more tools to go after deceptive lenders and brokers...
....Seven House Republicans voted against the bill, as did three Senate Republicans, including Steve Stivers of Columbus....
When will Steve Stivers stop working as a bank lobbyist and start defending homeowners and regular people?
