[Posted by WLS]
How else do you explain this from Politico:
McCain supporter Carly Fiorina, the former CEO of Hewlett Packard, seemed to veer off message for a moment on the McGraw Milhaven show on KTRS radio in St Louis, when she made the case that Sarah Palin may be qualified to run America — but certainly not to run her old company.
“Do you think she has the experience to run a major company like Hewlett Packard?” the host asked Fiorina.
“No, I don’t,” she replied. “But that’s not what she’s running for. Running a corporation is a different set of things.”
She then went back on the attack on Obama’s experience. (She probably wouldn’t want him running HP either.)
First — as a surrogate of a political campaign, how could you ever let that answer escape your lips? Was she completely oblivious to how it would be portrayed?
Next — message to the executive suites in corporate America — you got where you are mostly on the back of undergrad and grad school connections. What you do isn’t rocket science. A Fortune 500 CEO is wildly overpaid for what they really add to the bottom line of a balance sheet by their “talent.” What you really bring to the job is your Rolodex of well-heeled investors and customers — especially those customers who run other Fortune 500 companies.
You’re like Hollywood actors — you live in a closed loop environment where you hear echoes of your own voice and think it’s the world agreeing with you.
The secret to sound executive management — as well as function in high political office — is the ability to MANAGE PEOPLE. An effective CEO need do no more than make sure the right people are in the right places so that the business functions efficiently.
A CEO Of HP doesn’t need to know the mechanics of how every printer cartridge and MRI scanner worked (Agilent made them as a division of HP before Fiorina spun it off).
In the same manner, the President of the U.S. doesn’t need to know exactly how Medicare reimbursements for resident training at teaching hospitals, nor how the competing bids from Boeing and Airbus on the Air Force tanker project fell short of the program specifications.
It’s funny how GE didn’t fall into bankruptcy once Jack Welch retired.
Maybe GE’s business success wasn’t all about Jack Welch.
Yep, I venture there are a lot of people not running Fortune 500 firms who could have run HP just as well as Fiorina — maybe even the governor of a state with a public work force of 23,000 and a $10 billion budget.
UPDATE BY PATTERICO: Fiorina clarifies that she doesn’t think Obama, Biden, or McCain could do the job either.