Skip to: Content
Skip to: Site Navigation
Skip to: Search
MONDAY, NOVEMBER 23, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


 ANALYSIS 
0

Her Golden Parachute Fine With McCain

'No analogy' between Fiorina's $45M from HP, subprime payouts

Share

(Newser) – John McCain and Sarah Palin made a point yesterday of blasting CEOs who left their companies with multimillion-dollar golden parachutes while workers and shareholders suffered. But McCain’s top economic adviser deployed just such a shiny parachute when Hewlett-Packard ousted her, ABC News reports. Carly Fiorina pocketed $45 million, even as the company laid off 20,000 and its shares fell 50%.

Asked if McCain meant CEOs like Fiorina, a spokesman said McCain was “talking about the issues that are before us today,” citing the CEOs of Fannie, Freddie, Bear Stearns and Countrywide. “I don’t think there’s any analogy there.” Asked how McCain would control the pay packages of private-sector executives, he said McCain would “make sure that shareholders can vote on CEO compensation.”

"I don't think there's any analogy there," a McCain spokesman said about comparisons of Carly Fiorina's $45 million HP payout with similar sums given to CEOs ousted amid the subprime collapse.   (AP Photo)
Carly Fiorina, an economic advisor to John McCain, left a tanking Hewlett-Packard with $45 million, but a campaign adviser sees no analogy with packages given to CEOs ousted over subprime woes.
Carly Fiorina, an economic advisor to John McCain, left a tanking Hewlett-Packard with $45 million, but a campaign adviser sees no analogy with packages given to CEOs ousted over subprime woes.   (AP Photo)
Though John McCain and Sarah Palin have railed against severance payouts to CEOs who have broken the public trust, an adviser says Carly Fiorina's $45 million from HP comes under a different heading.
Though John McCain and Sarah Palin have railed against severance payouts to CEOs who have broken the public trust, an adviser says Carly Fiorina's $45 million from HP comes under a different heading.   (AP Photo)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.23.09
Books Are Bad for You
11.20.09
The Health-Care Wars Have Just Begun
0 comments
VIEWING:
 
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

11 Stories

Candidates Return to
Capital to Back Bailout

McCain, Obama stress urgent need for financial intervention

Oct 1, 08 4:40 PM CDT
(Newser) - The presidential candidates took a break from stumping today to visit Washington, DC, and support the Senate's financial bailout plan, the New York Times reports. Barack Obama repeated his pro-bailout argument on the Senate floor, saying that "the worldwide economy could be plunged into a very, very deep hole.... More »

MORE ABOUT:
Barack Obama • John McCain • Senate • Freddie Mac • Fannie Mae • Election 2008 • bailout • financial crisis

analysis

How Much More Will Taxpayers Have to Pony Up?

The US has pledged some $320 billion in bailouts for struggling enterprises

Sep 17, 08 1:01 PM CDT
(Newser) - More than $320 billion in taxpayer funding has already been pledged to treat firms sickened by the subprime contagion—more than twice the $124 billion the government spent fixing the savings and loan crisis in the 1980s, reports the Los Angeles Times. The question, writes Michael Hiltzik, is how... More »

MORE ABOUT:
Bear Stearns • Freddie Mac • Fannie Mae • AIG • auto industry • financial crisis

ANALYSIS

 How Market Turmoil 
 Affects Campaign 

Obama, McCain haven't talked much about US economy—now they'll have to

Sep 15, 08 9:50 AM CDT
(Newser) - The crisis on Wall Street will change the shape of the presidential campaign in its final weeks, forcing both sides to adjust their messages and strategies. Mike Allen, in Politico, details four major effects:
  • Neither John McCain nor Barack Obama has talked much, or in detail, about economic plans.
... More »

MORE ABOUT:
Barack Obama • John McCain • Lehman Brothers • US economy • Freddie Mac • Fannie Mae • financial crisis

11 Stories


Fiorina thinks Tina Fey is sexist?!
Gawker

Palin couldn't run HP: Fiorina
Politico

Wall Street meltdown could be campaign turning point
AFP


Politics  •  Business 
TwitterFollow @NewserPolitics on Twitter

 
John McCain • CEO • Bear Stearns • Freddie Mac • Fannie Mae • Countrywide • Carly Fiorina • golden parachutes • Hewlett-Packard

from our news partners