Carly Fiorina Talks About Her Battle With Cancer
Former Hewlett-Packard CEO Carly Fiorina is thinking about running for the GOP nomination against California Senator Barbara Boxer next year. Earlier this week, she put up a campaign website that got what could charitably be described as unenthusiastic reviews. "A little weird," wrote Holly Bailey of Newsweek. CNN added that even her fellow Republicans are "snickering about her bare-bones site." And Christopher Orr at the New Republic ventured that the site was possibly "the sorriest in recent political history."
I'll agree that the website left a lot to be desired. But after a conversation I had with Fiorina last week, I'm willing to cut her some slack for not having managed the smoothest campaign launch. Fiorina has had a lot on her plate lately. Last week, she was on a panel of cancer survivors that I moderated at Fortune's Most Powerful Women Summit in North San Diego. Both she and Elizabeth Edwards had originally intended to be there in person, but both instead had to appear by video because of the demands of the treatment they are undergoing. While Edwards has been very public about her ordeal, Fiorina has not had much to say about hers, since the announcement of her diagnosis last March. So I asked her how she is doing. We saw the very human side of a woman known for her toughness:
Whatever your politics, Fiorina's warning to be vigilant, even if you get regular mammograms, is good advice--for your mom, your sister, your daughter, yourself. You can see a longer excerpt from our discussion, including an update from Elizabeth Edwards on her own health, at Fortune's blog here.
Click on the longer version, and you can also hear the perspectives of two other fascinating women who were on the panel: Heavy-hitting Hollywood producer Laura Ziskin (who brought us, among other projects, the Spider-Man series) and biotech entrepreneur and scientist Laura Shawver. Both cancer survivors who wanted to do something about the disconnect they saw between what is going on in the research lab and the treatment that is available to cancer patients, they have been among the people behind an effort called Stand Up To Cancer.
A year ago, Ziskin and a group of other influential women, joined forces to convince the Big Three broadcast networks to "roadblock" an hour of prime time to raise money for research. That was the beginning of an effort that has brought in more than $100 million to date, and has awarded grants to five "dream teams" of scientists who have pledged to work collaboratively on promising avenues of research.
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another in the endless series of KT's promotion of the "humanity" of conservatives who are dedicated to cutting services to poor people.
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Instead of writing about leeches like Fiorina, why not write about women who die as a result of breast cancer because they don't have insurance, and don't go to the doctor despite "finding a lump" because denial is more affordable than early treatment?-
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1.2
A good story would be finding someone with health issues whose job was destroyed because of Fiorina's disastrous tenure at HP and letting them tell about how they manage their health care.
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And another in the endless series of plukasiak's mindlessly vile rhetoric that makes us all embarrassed to be progressives.
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Stay classy, pluk -
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plukasiak -- you and I may not agree on much, but I certainly can't argue with your current position.
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KT:
even if you get regular mammograms
Are insurers currently required to cover these by government regulation?
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What's Fiorina's position on that?-
2.1
later in the panel, i asked her about what her experience has meant for her view of health reform, and she talked quite a bit about the need to focus resources on prevention. alas, our technical wizards did not catch that part of the panel, and i was not in a position to be taking notes.
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sigh. -
2.2
"Are insurers currently required to cover these by government regulation?"
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I wondered about that too. Googling brought up multiple references to 46 of 50 states mandating insurance companies to cover mammograms.
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http://www.dailyrecord.com/article/20090821/OPINION03/90820019/1005/NEWS01/Christie--mandate-free--insurance-a-problem-
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But I couldn't find primary source material. -
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in her case, though, the mammogram completely missed it.
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vigilance, ladies! -
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KT:
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Thanks for responding to commentary.
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I do understand the point of this post, so I will share it via link with Lovely Bride.
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Perhaps LB can even be persuaded to show up and comment, but I'm not promising anything... -
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and she talked quite a bit about the need to focus resources on prevention.
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is she willing to raise taxes in order to create a health care system that focusses more on prevention? THAT is the only real question --- and if she's not, she's just another wealthy fraud that you promote while ignoring the fact that we pay twice as much as any other industrialized nation for health care, and there are still tens of millions of people without access to preventive care. -
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KT -- I don't have a problem with you focusing on the issue, the problem is that you pretend not to know that's not all you are doing. As a journalist you are not holding Fiorina or any other Republican accountable for their ideology, behaviors, votes, or rhetoric. Frankly, I am not intersted in her vague pontifications about vigilance or prevention. Now that she's had to wage war with cancer, I want to know if she still thinks that it is feasible to expect women, who don't have her personal resources at their disposal, to be able to wage a similar battle under the reform prescriptions she advocated during the McCain. She claimed simply letting folks buy across state lines, which really amounts to inflicting the junk insurance products coming out of states like Texas on the rest of us with state government with the good sense to protect it citizens from unscrupulous business practices unlike most of the states in GOP territory.
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I am so tired of the media wiping the slate clean for these people. It's one thing for Republicans to live in an alternative universe and quite another for the media to join them. She took positions and she should have to answer for them not get a mulligan! So far we've got neocons back to having their foreign policy prescriptions seen as credible as if their epic failures of the last 8 years didn't happen. Now we are going to let this woman speak to an issue her position less than year ago amounted to give them more band-aids. What kind of crap is be vigilant or focus on prevention? You say even with a mammogram something could happen -- did you ask her what should woman who don't even have the mammogram do? How are you going to focus on prevention if the problem of access to any kind of health care is the issue?
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Frankly, I don't care about the humanity of anyone who supports a party who feels that the livelihood of insurance industry executives is more important than the lives of everyone else.
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I'd have to go with the voices above me. I'm sure she has humanity, personality, and sense, but I honestly can't see the point of this post.
The campaign website, however, is comedy gold.
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the point of the post is to let women know that they have to be vigilant. and there's nothing that brings the point home better than to hear it directly from a woman who discovered she had cancer (extensive enough to merit chemo, radiation AND surgery) only two weeks after she had gotten a CLEAN mammogram.
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i will use whatever platform i have to spread the word. -
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KT --
Its not about your use of this platform to raise awareness about breast cancer. Its about the abuse of this platform to promote conservatives like Fiorina and Snowe.
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Like I said earlier, why not tell the stories of women who aren't filthy rich, and who don't have the choices and resources of Carly Fiorina? Fiorina can afford the absolute best in care and assistance -- she's not the single mom who is the sole care-giver of her kids dealing with the side effects of her treatment while making dinner and doing laundry. THOSE are the stories that are crucial to hear -- but they are the stories that the Beltway prefers to ignore, because those women NEED HELP. -
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pluk: i don't believe anyone can fairly accuse me of ignoring the plight of the uninsured.
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At one point, I really thought that I was the Bad Cop of commenters on this blog.
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I was trying to show people that the point of commentary at a traditional journalists' blog wasn't to pointlessly bicker with other commenters while the reporters stayed blissfully unaware and above the chihuahua fights, but to do the reporting together as a volunteer fact-checking brigade taking the place of legendary institutional fact-checkers at magazines like The New Yorker.
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It's interesting to see how things have changed. -
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here's the kind of story you should be covering, rather than palling around with multimillionaires at "conferences"...
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http://susiemadrak.com/2009/09/25/12/14/r-i-p-kimi-young-22/
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KT, thanks for this post and video. Best wishes to Carly on her recovery. Maybe “carlyfornia dreamin'!!!” ain't the best slogan but how will Fiorina and Whitman run their races? …but there's some caution here about Whitman avoiding interviews / not answering questions (hmm, kinda like youknowwho during '08). Yes, progressives need a fair, worthy opposition instead of hijacked Repub's; corporate blue dog Dem's don't count. I never would've voted for McCain, but if he wanted to keep his “mavericky” facade and pick a woman VP to “get their vote”, instead of whatshername he could've picked a current / ex-CEO (I don't know political orientations of Nooyi, Jung, or Barnes, et al). All of these women have more managerial and international experience than Sarah. KT, did you get to spend lots of time with most of these women on that MPW list, exchange autographs / pics, swap family stories and investing tips, etc.?
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…certainly that disease doesn't care about political parties or even ages (20's, 30's), such as a Columbus TV newsanchor who died at 38 from it.
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Karen,
Substance matters. And if you cared about the plight of the uninsured, you wouldn't gloss over the hypocrisy of a woman who kicked 40,000 people to the curb in her corporate career, and has been a public spokesperson to a political party that has been grossly irresponsible in California and at the national level, as she "shares" about her own experience with cancer.
She deserves sympathy for this challenge, AS ALL PEOPLE DO. She just doesn't believe that all people deserve her sympathy, or adequate health care.
How do I know this? Her past actions and her political party affiliation.
You know this too. Substance matters. I am disappointed.
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Talk about a lack of humanity guys! this is not a post about the politics of healthcare, it is an anecdote based warning; and a very useful one as well. Would you really want KT to show her human side by writing about a very distressing event happening to another human being and then tag on at the end "by the way I hate her policies". Aren't progressives supposed to be better than that? Aren't we the ones with compassion? Doesn't look like it from the comments here, I'm afraid.
KT, I for one am deeply appreciative of the many informative posts you have written about the healthcare debate and understand the purpose of this post.
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Sorry, class-warfare thugs like Carly Fiorina instill a visceral reaction in many of us. I would rather hear health care advice from Montgomery Burns.
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How to get health care by Carly Fiorina:
1. Screw tens of thousands of people out of healthcare.
2. Get $40 million (and probably a lifetime, gold-plated healthplan) for taking away those people's healthcare.
3. Concern troll the people you fired about being vigilant about their own health, and put a few dimes in the "charity care" collection box. -
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Homerhk, I too am deeply appreciative of Karen's work in this area.
I have oodles of compassion. But I try to save it for people who need it AND deserve it. Carly Fiorina may want my compassion, but only so she can gain political power and deny compassion and affordable solutions to people who deserve it. She proved that by working for John McCain.
I'm sorry, but at some point I have to apply logic and morality in service of the people who really deserve our compassion and support. And giving Carly Fiorina a platform for her campaign without noting her hypocrisy is abetting the immoral and illogical positions of her chosen political party, and objectively hurting the people who deserve our compassion and support.
I am so glad for Karen's work, but in this moment I am disappointed. To paraphrase the description of journalism that is now as "quaint" as the Geneva Convention, in this piece Karen comforted the comfortable, without even noting the needs of the afflicted.
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Guys, take a look at these comments and think about what your reaction would be if it were conservatives making them about some liberal. Many of you should be ashamed of yourselves.
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I'll give you a f'rinstance, a young woman in LA was killed a parolee. Brutal, horrible and senseless death (why did he have to kill her). The woman's mother, a tireless supporter of causes which would result in more criminals out on the street rather than less. I remember reading disgusting commentary along the lines of serving the mother right etc.
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Now I vehemently oppose releasing criminals. But I take it on faith that most people's public policy positions are genuinely motivated by a desire that things be better in society. Crowing over this mother's sadness is appalling.
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Carly Fiorina hasn't done anything to deserve this calumny. After all, it's not like she let some woman drown or suffocate in a car without even bothering to go for help.-
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Carly Fiorina hasn't done anything to deserve this calumny. After all, it's not like she let some woman drown or suffocate in a car without even bothering to go for help.
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you mean besides throwing 40,000 people out of work (thereby denying them health insurance) in order to line her own pockets?
_She fired 25,700 workers in 2001, and saw her pay jump 231 percent, from $1.2 million in 2001 to $4.1 million in 2002. In effect, for each of the people Carly Fiorina fired, she got a bump in salary of $112.84.
. http://www.oliverwillis.com/2008/05/16/mccain-economic-lead-carly-fiorina-cut-jobs-got-a-pay-raise-during-tenure-at-hp/
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(h/t to http://www.corpwatch.org/article.php?id=8110) -
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So corporations are supposed to retain workers that they don't need. If we did that, economic growth (which benefits all of us) would suffer. Moreover, prices would be higher and we couldn't compete as effectively in global marketplace.
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if cutbacks in the number of workers are required, then the pay of the executives who keep their jobs should be reduced, and certainly not raised.
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"Spob",
There are many other ways of increasing competitiveness rather than letting go of workers-- even though lay offs are an easy option, its long term benefits are seriously lacking.
I like Fiorina however, I do not support mass layoffs and the existing HR trends which seem to favor layoffs as a better option to other forms of restructuring.
LM
http://theblindspotsofgod.wordpress.com/ -
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...spob, how do you grow an economy by firing workers?
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She fired a bunch of people designing the future of HP and basically made HP into a company that makes money selling little else but ink cartridges.
Her layoffs were not only hateful, but they damaged the long-term viability of the company in order to make her short-term targets looks good. Needless to say hitting short-term targets got her a nice payoff. -
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"There are many other ways of increasing competitiveness rather than letting go of workers-- even though lay offs are an easy option, its long term benefits are seriously lacking."
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Says who? Yeah, there are ways to cut costs without laying off workers, but given the reality that compensation to employees is often a huge part of a given company's expenses, right-sizing (i.e., layoffs) is usually a big piece of any restructuring.
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"spob, how do you grow an economy by firing workers"
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Do you have a poster in your home that says "War is not healthy for children and other living things." I only ask because your question betrays a naivete that I can only marvel at. The economy grows when enterprises can efficiently produce whatever output they are producing. That maximizes sales and produces benefits for the consumer. Rules that keep inefficient cost structures in place ultimately hurt all of us because prices are kept artificially high and productivity is harmed (which means less output per labor hour).
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"if cutbacks in the number of workers are required, then the pay of the executives who keep their jobs should be reduced, and certainly not raised."
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So someone who makes tough decisions which reduces the costs of operations cannot be compensated? Once again, not a way to run an economy.
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What a riveting piece!
I have always liked Carly Fiorina for her toughness and ability to maneuver-- as she did, at least for quite a while as a Chief Executive/Chairman of the Board-- positions usually dominated by men and fueled by politics of the Old boys network.
I was horrified to read about her illness and believed she would survive. I have always believed there is a connection between mental, physical and spiritual strength and the ability to overcome horrible adversity including illness.
I have not seen a picture of her in a while and it is great to see her looking good and getting ready to run against Boxer.
However, I do not know how successful she will be against the seasoned politician because one thing I always thought of Fiorina was that she had to soften the hard edge she appeared to possess.She needed to take a cue from the greatest female politician --in my humble opinion-- the indomitable Margaret Thatcher of Great Britain. The lessons I gleaned from Thatchers successes were--be a strong female but do not appear to be involved in a continued ferocious battle against your contemporaries. Thatcher was a model in the politics of "Play" like a man, WIN like a woman.
Boxer is a true "Hercules"--a political "heavy"weight-- but I like Fiorina's style and grit much better. I hope she has honed away that hard edge. Other than the edge, I find her strength and doggedness refreshing.
As for Elizabeth Edwards, when I read about her it is always heart wrenching. As she suffered through all her cancer treatment, her pretty “primping” spouse was running around pants down seeking “action”.
Okay, maybe not pants down all the time-- but I have found that where there is smoke there is a fire. Is the Hunter, woman who happened to get pregnant, the only woman with whom Edwards emm "interacted" I seriously doubt it.Kudos to Elizabeth for holding her head high through the "bacchanalia" engendered by her husband's philandering and brazen political machinations. He knew he had this cheating and Mistress issue and yet was boldly presenting himself on the national scene for consideration as a Presidential candidate. How totally careless and costly to the party and his family!
However and thankfully, her husband is not the issue here. Elizabeth is a strong woman and a true survivor.
It is always great to read about breast cancer and the entreaty to women to get checked.
One of our closest family friend's breast cancer has returned(a very aggressive sort) and as she fights for her life daily, stories of survivors like Fiorina give us hope that our dear friend will also make it through her battle.Thanks for this piece Ms. T
LM
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If we give Fiorina a +1 out of simple compassion she's still firmly in minus territory for her incompetence at HP and her outright lies on behalf of McCain. If she wants to run for office she can't hide behind personal health tragedy to shield herself from criticism.
If I were in charge of advancing women's health issues I'd look for a face for the poster who didn't bring so many negatives.
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12.1
She made some bad business decisions and ultimately paid for it. Her career is not a study in lack of ability so to tarnish the successes of this woman in this manner by making such a broad and sweeping generalization is absurd.
This is a dated comment from CNN on the matter
“Fiorina, the only female CEO at a company in the Dow Jones industrial average, had been with HP since 1999. But the company's controversial deal to buy Compaq in the spring of 2002 -- after a bruising proxy fight led by one of the Hewlett family heirs -- has not produced the shareholder returns or profits she had promised.
"While I regret the board and I have differences about how to execute HP's strategy, I respect their decision," Fiorina said in a statement released by the company.”
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Also, I was no McCain supporter and I am glad she admitted his weaknesses. However, when it comes to lies-- most politicians discuss matters especially during elections in a way that would appear most favorable to them, she was no exception to political posturing and embellishment.LM
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'She made some bad business decisions and ultimately paid for it.'
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Fiorina was handsomely rewarded when she was fired at HP. She walked away from her failure a rich woman.
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I have friends that work at HP now, and I know others that were dismissed in the layoffs she engineered. They all despise her. The turmoil and misery she wrought upon that company was awful.
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Fiorina's only qualifications for anything are her stint at HP and her connection with the McCain campaign. Both were failures and, in the case of the McCain campaign, notable for her willingness to say anything, no matter how dishonest, to promote her agenda.
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We have seen the results of electing politicians that are long on ambition but short on ability. Fiorina's history shows that she belongs in that group. For those who think 'government IS the problem', her failures will be forgiven, because people of that ideology generally don't expect successful governing anyway. For the rest of us, however, we should look for someone who is capable of successfully managing the government, not just successful at campaigning and self promotion.
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I normally would not have looked at her website but because of comments I clicked.
Karen I am sure her web page will have a lot of hits because of your blog, and I am not sure if this was your intention.
I was told at my last mammogram to manually check as sometimes this can detect earlier than the mammogram.
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...so much for that sermon on the mount thingy here.
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14.1
I guess someone ripped out the page in my bible that says "Blessed be the millionaire corporate executives who triple their salaries by destroying the lives of working people...."
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14.2
...that was probably the page that also contained the "judge not, lest ye be judged" phrase too, but I digress.
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All of us get judged, especially at work, by the Carly Fiorina's of the world, so I think it is perfectly legitimate and in fact necessary to judge her body of work. She judged 40,000 people and decided they were worth less than her million dollar bonuses.
No one brought up the Jesus proselytizing when she was telling those long-term employees to go kick rocks.
And she is running for public office. The whole point of elections is to "judge" people.
She can either define herself as sweet and strong cancer-fighting lady or she can be defined as a selfish cancer fighting a class war against regular folk. I know which one I think she is and am going to issue my opinion every time she tries to issue hers.
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She made some bad business decisions and ultimately paid for it.
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geez, I've made bad decisions myself, and when I "paid for it", I didn't walk away with tens of millions of dollars!
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If Fiorina had gone through her cancer ordeal while on public assistance because she really did "pay for her mistakes", I don't think anyone here would be critical of Karen's post. But she destroyed the livelihood (and, in many cases, the lives) of tens of thousands of people, and walked away with a fortune.
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"If Fiorina had gone through her cancer ordeal while on public assistance because she really did "pay for her mistakes", I don't think anyone here would be critical of Karen's post. But she destroyed the livelihood (and, in many cases, the lives) of tens of thousands of people, and walked away with a fortune."
plukasiak
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Yes, “Plusiak”: she walked away with millions of dollars because she was a Chief Executive—that is the corporate Executive salary culture for now—until Obama changes these huge corporate remunerations as I hope he will.
Emm, also Chief Executives do not generally get "public assistance" for Healthcare.Even though it sounds like you are no millionaire and maybe have never been one, wealthy people like her deserve compassion as well.
LM
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Karen,
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The gist of what I'm seeing here is that no one is faulting the message you are trying to deliver, but more than a few have issue with the one you have selected to help deliver that message. Too much other baggage. I'm sure Carly could have taken off from work at will on those days when she was not feeling so well. How about those who have to cope and still work because they can't afford any alternative?
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I too would like to see something by Time on one of the "no-where-near-rich-and-famous" who are trying to deal with serious health issues in today's health care climate.-
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afguy: i have done a number of stories/videos/blogposts on that very subject. A few instances:
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cover story on my own brother, who was making $9 an hour when his insurance dropped him amid a serious illness:
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http://www.time.com/time/nation/article/0,8599,1883149,00.html
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Video report on the plight of an uninsured woman:
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http://www.time.com/time/video/player/0,32068,16675428001_1885665,00.html
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Blogpost on people getting screwed by insurance companies:
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http://swampland.blogs.time.com/2009/06/16/when-health-insurance-isnt-health-insurance/
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Another blogpost on people getting screwed by insurance:
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http://swampland.blogs.time.com/2009/06/22/when-health-insurance-isnt-health-insurance-contd/
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And of course, the problems of affordability and the uninsured have been a consistent theme in all of my coverage. Have you guys not been reading any of this? What I really find unreasonable are people who jump on one post as if this were the sum total of everything I am covering. -
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These, by the way, were just a few links off the top of my head.
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I've also written about hospitals that turn away charity cases:
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http://swampland.blogs.time.com/2009/04/21/a-health-care-disgrace/ -
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KT:
What I really find unreasonable are people who jump on one post as if this were the sum total of everything I am covering.
You're right, that is unreasonable and counter-productive.
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Yes, “Plusiak”: she walked away with millions of dollars because she was a Chief Executive—that is the corporate Executive salary culture for now—until Obama changes these huge corporate remunerations as I hope he will.
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LM,
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Sound like you are describing Carly as a "victim" of the dreaded Corporate Executive salary culture - as though that package was something she could not avoid. IIRC, she negotiated that package on her departure. It wasn't rammed down her throat.
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Emm, also Chief Executives do not generally get "public assistance" for Healthcare.
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No, they get them from a board of directors as the price for getting them to leave peaceably, NOT necessarily as a reward for a job well done. The public, who may have stock in the affected company, do NOT necessarily get much say in that. -
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Ms. T,
I have seen some of those stories which you wrote about the poor and middle class and the problems which plague health insurance to date. Many (including me) have experienced challenges in navigating the broken Healthcare system.
However regarding your question about what appears to be continued disagreement by some commenters here with the material you have shared in this article, I believe there will be some genuine "dissent" to some articles but I think some commenters just disagree because that is what they prefer to do here.
LM
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cover story on my own brother, who was making $9 an hour when his insurance dropped him amid a serious illness:
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Karen,
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Thanks for the reply. I remember. Have you thought about doing a piece on someone in that predicament, not a relative, in which you get to know them and put a "face" and "personality" on them, in which you talk about their character and family, making them into someone we all might know?
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Too often, those described just come off as a person who is in unfortunate circumstances but, somehow, "undeserving" of our help. Like the Levites in the biblical parable of the "Good Samaritan", we just cross to the other side of the road.-
20.1
Please see the video. See the piece I did here in Swampland on the congressional testimony.
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20.2
Here's the link to the video, which was also featured here in Swampland and on our home page. In other words, it was given more prominent treatment than the Fiorina post:
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http://www.time.com/time/video/player/0,32068,16675428001_1885665,00.html -
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20.4
the problem Karen, is that "the public" doesn't remember stories from three months ago -- and more crucially, your other reporting frames the issue in ways that negate the message of those earlier stories.
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Your reporting on health care has consistently skewed to the right, because you present mainstream viewpoints (like public option support) as "far left", and represent right wingers like Baucus, Conrad, and Snow as "moderates". ANYONE WHO IS NOT A SUPPORTER OF A STRONG PUBLIC OPTION IS WELL TO THE RIGHT OF MAINSTREAM AMERICA --- yet you consistently portray these people as "centrists" who are making a "good faith effort" to "achieve compromise".
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When was the last time you went to a social event where there were people without health insurance? When was the last time you went to a social event where there were millionaires? You are surrounded by people with power and money, and that is reflected in your reporting, in which wealth and power is a "norm", and the "little people" who don't have insurance (or worry about losing it) are anomolies (they'd be "exotic" if they were more attractive...).
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And its that perspective that results in posts that praise leeches like Carly Fiorina, and dead tree articles that present parasites like Olympia Snowe as heroes -- and that literally shuts out progressive perspectives on health care that represent the opinions of the vast majority of Americans.
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20.5
…pluk, thanks for the 3.6 link, but if Karen wants to go to a social event and meet someone WITH insurance – and could NOT use it – she can have pizza or mac ‘n cheese with her brother. KT, I once had that *exact* same policy type / company before and am glad I never had to use it (have a private if pricey policy now). I hope your brother will be cured soon and not face long-term care. (I didn't know chemo drugs could be used here, if I remember right?) But if so, may he get what he needs. We all may need it someday.
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"AFguyp",
I just read your comment and NO it was not rammed down her throat. It was part of a contract-a usual and customary practice in the industry.
The huge size of Executive remuneration is the existing culture in corporate America so Fiorina cannot be singled out in this case for excoriation or criticism for accepting the agreed remuneration paid to her.As for the Healthcare, your are preaching to the choir when you talk about the board and the public not having a say in it. CEO's in general do not get public assistance-- so as I stated before, drawing some outlandish parity in this particular case is silly.
LM
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As one of the critics on this post, I want to thank you Karen for being so responsive. Your posts are a true dialog, and I deeply appreciate that. And you are absolutely right to point out the great work you have been doing. You have avoided the cynicism and horserace reporting that has so plagued the J profession as Americans wrestle with the really hard changes we must make. Thanks.
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22.1
As she has a responsibility to respond, so also do you.
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Thanks so much for doing your part to keep this engagement productive, dollared.
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I am certainly as sorry that Ms. Fiorina has to go through this ordeal as I would for anyone else. That is is why politics aside and in a country as wealthy as this one, I strongly believe that no one in this country, man woman or child should have to go without a basic of life such as health care.
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23.2
Plus, every woman should check her breasts. Often.
Inappropriate humor I can't resist here:
http://www.theonion.com/content/video/12_year_old_boy_scouts_volunteer
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24
“Spobf” quoted
"There are many other ways of increasing competitiveness rather than letting go of workers-- even though lay offs are an easy option, its long term benefits are seriously lacking."
Says who? Yeah, there are ways to cut costs without laying off workers, but given the reality that compensation to employees is often a huge part of a given company's expenses, right-sizing (i.e., layoffs) is usually a big piece of any restructuring.”
_______
MY response:
A few years following layoffs companies spend even more money in hiring workers and retraining them for the vacated positions.
You could review some White papers from the Society of Human Resources Management (SHRM) and a few other organizations that have tracked the monetary benefits (short and long term) of reduction in force.
Layoffs are a short term relief to a long term problem.LM
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24.1
Yeah, LM, that some companies overdo layoffs doesn't mean that layoffs aren't often the right thing to do for the stakeholders in the business. And you know, a lot of times the short-term liquidity problem simply needs to be solved . . . .
.
Ignorance and a lack of logic, not a good combo, LM. -
24.2
Spobf,
Short term liquidity is not solved by layoffs. Any capable Accounting or Human Resources will tell you this simple fact.
Check out SHRM and other resources on short term liquidity and the banking system. I think they had a good Webinar on the SHRM website on Compensation and Layoffs which effectively addressed and thoroughly debunked the points you have raised on the subject.
LM
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24.3
Oh good God. Do you actually work in a field where people restructure companies?
.
First of all, when a company is in trouble, its lenders often control its access to cash (a very serious short term liquidity problem). Lenders tend to want to see reductions in expenses (particularly if little or no top-line growth is projected).
.
Second of all, you do kinda stumble on an issue--often times RIFs have significant upfront costs. Thus in the real short-term liquidity problems can be exacerbated (of course, the lenders will often support such actions), but expense cutting often has very dramatic effects on financial performance in the semi-near term.
.
Third of all, your one-size fits all "don't layoff" advice simply is silly. Different companies have different challenges. And while firing and rehiring is expensive and companies should be cautious that layoffs don't kill topline growth, downsizing is very often the right thing for a company to do (at least from the perspective of its viability). -
24.4
First your response is remarkably simplistic, even a tad foolish in its lack of clarity and dearth in rational extrapolation from factual data.
While lenders could control short term liquidity, most seasoned bankers are interested in long term solutions and not some "entry" that looks good on paper in the short term.
Reduction in expense does not immediately translate to reduction in force.
While of course some organizations opt for this less efficient option, it does not mean that such an option is fective.Reduction in force has been shown to cause measurable loss to a company's ability to compete in the domestic and global markets.
Expenses can be cut, officers can be fuloughed , FWA's instituted (Flexible work arrangements) Reduction of Healthcare costs through well managed Wellness programs, Compensation Reduced Etc. Etc. The list of preferred options as opposed to human capital reduction is extensive and supported by existing data on the issue.
Most competent executives are aware that people, its employees, are its greatest investment and their abilities, skills and contributions are critical to sustaining or regaining growth.
My response is correct and far superior to your rambling comment about “short term” projections and liquidity. Lenders want their monies back and also want to make a profit on it, the average reasonable banker will assist in restructuring based on valid and tested parameters-- and most well informed officers, based on existing data-- would opt to reduce the workforce as a last resort.
Also, there is no “Lay off fits all” remark made by me. When discussions like this occur, the general rule or best practice is stated—which is what I have done. Exceptions to the general rule could exist.
Let me restate againnnn: There are many bodies which have (over a sustained period through vigorous research, review and experiments) acquired specialization in the areas of Corporate Restructuring, Human Capital Reduction, Skills Management, Profit Margins and Competitiveness etc.
One such organization as I stated earlier is SHRM (The Society for Human Resources Management). There is extensive material available on the subject matter on their sites for you to educate yourself on the subject matter of Reduction in Force and Lay offs. -
24.5
LM, your pie in the sky rhetoric fails for two reasons:
1) Reality. Bankers tend to want to see expenses cut, and drastically when things really get sideways.
2) Logic. That some companies overdo it on RIFs does not mean that RIFs aren't the right answer in many many situations where the company is in extremis or its workforce is simply too big.
Yapping about some study that shows that some companies made mistakes etc. does not alter reality.
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25
Isn't Carly the one who said that no one in this country has a right to a job or work or something like that?
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25.1
Do you have a right to a job? Didn't see it in my constitution?
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