Failed CEO Carly Fiorina, with $40m retirement package, says union pensions too high

Carly Fiorina Wants Stuff

The other day it was the CEO of a bailed out bank demanding cuts to Social Security.

But nobody whines about the fake “fiscal cliff” better than failed GOP candidate and “19th Worst CEO of All Time” CEO Carly Fiorina.

Carly Fiorina

Carly Fiorina in São Paulo, Brazil. Photo: Antônio Milena/ABr.

You might remember Fiorina from the days when she worked at HP, and was sent packing in 2005 with a whopping $40 million severance benefits package. Was that “fair,” Carly?

Fiorina is widely considered one of the worst CEOs in recent years, though that didn’t stop her from receiving millions in cash, stock, benefits and pension when she was fired. It rarely does.

Carly Fiorina Says You Can’t Want Stuff Too

But no, in her entitled little world, the problem is not the fat cats like her, but the unions.

“It is not fair that public employee union pensions and benefits are so rich now that cities and states are going bankrupt, and college tuition is going up 20 and 30%… There is a lot that isn’t fair right now.”

Failed investments and drastic tax cuts by governments have nothing to do with the problem. Imagine that. As Think Progress noted, Fiorina whined on TV that she “only” received a $21 million severance, though she somehow overlooked the rest of the redundancy plan. But to be fair to Fiorina, what Republican candidate hasn’t overlooked another $20 million plus?

She starts at about 2 minutes into the video below.  More from me after the video.Other than being an expert on living off of a platinum parachute and failing as a political candidate, it’s not clear what special expertise Fiorina has to offer for NBC News or any other media outlet. She’s certainly not even considered to be a corporate jobs creator, the way Jack Welch is (wrongly) considered by the media. She has a pretty good agent though if she can get TV spots despite her awful record.

So tell me who is really part of the moocher class that corporate CEOs and 1%-ers keep talking about? Are they the people asking for basic healthcare or the people who have enough money to build moats and personal golf courses around their mansions? Another tip off sign of a moocher is that no matter how much they have, it’s not enough and they want more of your money.

Damn if these Republicans don’t always want stuff.

The other sign of who belongs to the moocher class is to listen to who actually believes in the so-called fiscal cliff. Anyone who believes it’s for real is probably a moocher, but a moocher who grabs a lot more money than anyone who actually needs Social Security or Medicare.

As we get closer to the end of the year, expect the moocher class to be in your face a lot more, explaining how the situation is dire and the world will end if we don’t address the “fiscal cliff” but cutting everything we hold dear while leaving the GOP tax and war machine firmly in place to kill the budget yet again another day.

Ignore them and remember, it’s not a fiscal cliff, it’s an austerity bomb.


An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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  • myopinion

    A lot of noise and little substance, that is what Carly Fiorina and Rich McGinn are about

  • SlyDeNiro

    Fiorina was an early diversity token. No amount of poor performance matters when the mission is to prop up a Diversity & Inclusion cardboard cut-out.

  • PDQ

    @Carly Fiorina: “…and we are not innovating at the rate we could and should.” So says the woman who destroyed Bell Labs

  • condew

    Yup, give them a tax break when they earn it by making good jobs that make life better for their fellow Americans. If they won’t do that, tax them into the middle class.

  • Richard

    Fiorina and her ilk are the let them eat cake crowd.

  • BlueIdaho

    HP has one of their largest R&D facilities in my city. (the printing and imaging enterprise business is located in Boise). She ripped the company apart here with many of those workers still looking for a job so she could leave with a truck load of cash. I would gouge my eyes out and burst my eardrums before I would listen to anything she has to say or watch her give a commentary on TV.

  • http://fighttherightwingnuts.blogspot.com/ mike31c

    These stupid repukes/t-baggers seem to love all these losers in Industry. Of course, with the low standards repukes have, it does not surprise me.

  • CrosbyTee

    People are calling for the History Channel to apologize for having her in The Men Who Build America series. Worst CEOs of All-time Lister: Carly Fiorina http://startupjunkies.org/blog/2012/11/27/carly-fiorina-does-the-history-channel-owe-an-apology-to-americas-business-community/

  • http://poodyheads.wordpress.com/ zorbear

    Did he find Jebus or did he find out he’s being replaced?
    I wonder…

  • hollywoodstein

    That’s rich.

  • http://www.rebeccamorn.com/mind BeccaM

    LOL. If it’s filth, perhaps Jones should return all that money and quit immediately.

    Gawd, what a hypocrite.

  • PWAX

    Perhaps she blames unions for some of her failures. That would be very Republican

  • nicho

    In a similar vein, “Two and a Half Men” actor Angus T. Jones makes millions off of the show and then finds Jesus and tells people not to watch the show because he says “it’s filth.”

    http://www.boston.com/ae/media/2012/11/26/actor-cbs-comedy-two-and-half-men-filth/kJk1NmyFN3LWaOl7IbSivM/story.html

    Looks like some religious charlatan got inside his head. Poor guy. Hope he read his contract carefully.

  • nicho

    Worked the last time.

  • Sweetie

    Violence isn’t the answer.

  • Sweetie

    The “fiscal cliff” is a load of bunk. That wasn’t obvious enough?

  • http://www.rebeccamorn.com/mind BeccaM

    And to think that public sector pensions were once considered a win-win for both sides. In exchange for accepting demonstrably lower than private sector wages, local and state governments provided enhanced basic benefits and pension programs. A win for the workers because it once guaranteed a better than Social Security bottom-end retirement, and a win for the gov’ts because it actually cost them less in the short run.

    Then the parasite capitalists got it into their heads to steal the pensions of private sector employees, both unionized and not. Those are essentially entirely gone…so now the parasites are nosing their slimy proboscises at the remaining pools of plunderable cash — namely pensions. And the Social Security / Medicare trust fund.

    Fiorina is just another of these parasites. She and her ilk want nothing but the ultra-wealthy and the broke-down poor, with nothing in between, because according to her, if you’re not actually rich but aren’t near to poverty either — well, you don’t deserve whatever it is you’ve got.

    And that’s the most infuriating aspect to attitudes like hers: She’s so sure she deserves every penny she got while ruining the careers of tens of thousands of workers and destroying a once profitable company, but thinks workers who gave up wage and benefit increases in exchange for modest retirement pensions are the selfish, undeserving ones.

  • caphillprof

    I say bring back the 96% marginal federal tax rate on anybody earning more than $1 million.

  • http://firefeeder.blogspot.com/ Stratplayer

    You’d think these people actually WANT to trigger a fearsome political backlash against them.

  • Naja pallida

    Not only does she not grasp irony, she doesn’t understand that the only reason why these pension funds are causing fiscal problems is because Republican economic policies just couldn’t keep their hands off of them. They saw accounts full of money, and even though it was earmarked already, they chose to pillage it. Leaving those retirees with nothing but a stack of IOUs, and then when they have to pay back the debts… surprise, they have no money. They’re like the stereotypical compulsive gambler who always has an excuse why he can’t pay his bookie, always hoping that the next one will be his big score that will allow him to break even, but it never ever seems to work out that way. Given her track record, there is simply no reason why anyone should be paying any attention to Fiorina anyway. Failure encouraging more failure. Nobody asks the guy who crashed his car into the wall ten laps into the Indy 500 about the best way to run the race.

  • ComradeRutherford

    Obscenely wealthy ‘job creator': It is unfair that employees get paid at all because then I can’t afford a third solid-gold mansion and a fifth rocket car!

  • cole3244

    the sooner america starts realizing that people like fiorina and her ilk are bottom feeders and the 99% are the real pillars of american society maybe carly and her kind of economic criminal will be made to pay for what they have done to the american dream for the 99%, reagan started this trend and its time someone put an end to it before we become czarist russia west, if that happens there will be hell to pay for the 1% class in more than just economic give backs.

  • Ted in Dallas

    @Sweetie…Point??

  • Sweetie

    Our handlers are so metaphorical.

    Austerity… which conjures up nostalgic memories of the black and white Auntie Em Oz. Oh, the purity of austere farm living! How the West Was Won. Pure bootstraps-pulling Americana.

    Fiscal cliffs. Death panels. “Robust” public options. “Win the Future.” Pivoting (just like basketball!).

    It’s all very tiresome.

  • Sweetie

    NO ONE EXPECTS THE FISCAL CLIFF!

  • loona_c

    They really don’t get it do they?

  • http://adgitadiaries.com/ karmanot

    Poor HP. The company is now being run into the ground by Meg Whitman, another loser along with Fiorina who thought they were entitled to be governor of California.

  • nicho
  • http://www.facebook.com/craig.vickstrom Craig Vickstrom

    More evil from the 1%…

  • A_nonymoose

    These people are irony-impaired, obviously.

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