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Carleton S. Fiorina
has emerged as a strong candidate to become the next president of the World Bank according
to a Bush administration official. The developing world, once known as the third world,
still much under-developed and relying on the World Bank, may have another impediment to
overcome. |
| Carly Fiorina, one of
corporate America's highest ranking female executives, was recently forced out of
Hewlett-Packard. She left in a surprise move initiated by H-P's board of directors.
Fiorina had tried unsuccessfully to transform H-P from a printer business into a
technology giant. |
| Counting: H-P
will pay Fiorina $50,000 for legal, financial and career counseling and will
continue health and personal security benefits for around one year. When Fiorina joined
H-P, she received a $3 million signing bonus along with a restricted stock grant worth
over $65.5 million to entice her away from her then employer, Lucent Technologies. |
| Fiorina will receive
$21 million while shareholders have received a negative return. She was paid millions
of dollars to leave after six years of failing to build and, in fact, severely damaging
the company. The lesson for employers everywhere in all jobs at all levels is, "Hire
those qualified based upon relevant qualifications and performance, not irrelevant
qualifications such as gender." |
| Fiorina received
salary of $1.4 million and a $1.7 million bonus and other benefits in 2004. Fiorina will receive a $21.4 million severance package and stands to get
at least $21.1 million more. |
| In a statement
following her firing, Fiorina, 50, mentioned differences with the board over how to
execute strategy. H-P's board of directors named Robert P. Wayman, its current CFO, as
interim CEO and will seek a permanent replacement. HP shares surged 11% on the news. |
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