Fiorina takes a stab at politics

Posted by Marc Hodak on February 9, 2009 under Executive compensation, Politics | Be the First to Comment

Carly Fiorina, who collected $21 million on her way out of HP to the outrage of many critics, starts a column by saying, “Americans are outraged over excessive CEO pay and perks. That outrage is justified, particularly when American taxpayers are footing the bill.”

Her answer, more transparency because, you know, we don’t yet have enough disclosure rules on executive pay, and say on pay.  She also believes that CEOs should accept responsiblity for failure, unless, I suppose, the company turns around after their departure.

There’s a reason that this monograph appeared in CNN’s “Politics.com.”