Carly Fiorina’s $4 Billion Job Scam at Hewlett-Packard
As CEO, she lobbied for a tax holiday on corporate profits to create jobs. Instead, the money was used to buy back stock while HP fired 14,500 workers.
Had Donald Trump been talking about Carly Fiorina’s essence rather than her appearance, he might have had a point.
Not that it should matter one way or the other, Fiorina has an altogether pleasant physical presence, markedly more so than does Trump.
But a blind person could see that Fiorina was the very face of corporate greed and income inequality during her five-year tenure as CEO of Hewlett-Packard.
Take, for example, the cynically named Homeland Investment Act of 2004. The bill was passed as part of the equally cynically named American Jobs Creation Act of 2004 after intense lobbying with Hewlett-Packard in the forefront.
The purported aim of the legislation was to generate economic growth and therefore jobs at home by according corporations a one year “tax holiday” on billions in overseas profits they had stashed offshore.
The result was a $265 billion corporate giveaway.
http://www.thedailybeast.com/articles/2 ... -scam.html" onclick="window.open(this.href);return false;