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Tuesday, September 16, 2008 12:00 AM

Does McCain really oppose golden parachutes?

John McCain's commitment to his recent rhetoric on the economy seems shaky, especially given the identity of one of his top surrogates.

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  • Tuesday, September 16, 2008 04:36 PM

    In your zeal to zing McCain, you make no sense

    You wrote "Palin, for her part, said, "We are going to reform the way Wall Street does business and stop multimillion dollar payouts and golden parachutes to CEOs who break the public trust."

    But when Fiorina was deposed as head of HP after overseeing a decline in the value of the company's stock, she walked away with a nice little chunk of change valued, by different estimates, at $21 million or $42 million. In doing so, she became a symbol of the kind of payouts McCain and Palin were speaking out against.

    That makes no sense at all. None. How in the world does a CEO fired over a decline in a company's stock price equate with breaking the public trust? It does not. And while I am no fan of Fiorina (as I hold her personally responsible for trashing "The HP Way"), the fact is that in hindsight, her actions set HP up for its surge which had led HP to at times be number one in PC sales in a market where Dell was considered unbeatable.

    Your article makes no sense. Take off the partisan blinders. Geez!

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