By Leslie Shedd, CARLY for America Press Secretary
August 18, 2015
This week, CARLY for America released a new graphic detailing Carly’s tenure as CEO of Hewlett-Packard. It highlights the positive influence Carly’s transformative leadership had on HP, including doubling revenues, tripling innovation and quadrupling cash flow.
Highlights of Carly’s Leadership Success at HP
Three three interesting facts in the graphic that have not been discussed as much – and that illustrate why Carly is the experienced executive we need in the White House to cut burdensome bureaucracy and help grow our economy.
1. In 2005, Carly’s last year at HP, the company’s revenues were $81.85 billion. That is larger than the general fund of any state in the union at that time, including California, New York, Texas, and Florida. In other words, Carly was the executive of what would have been considered the largest state in the union as the head of HP.
2. When Carly came on board as CEO, HP was a bureaucratic mess. As So, one of her first acts as CEO, Carly reduced the number of divisions at HP from 83 to 17. In other words, Carly has proven experience at cutting burdensome bureaucracy – something we desperate need in Washington.How bad was the bureaucracy at HP? As author and journalist Thomas Friedman wrote in The World Is Flat:
“In the past five years, HP has gone from a company that had eighty-seven different supply chains – each managed vertically and independently, with its own hierarchy of managers and back-office support – to a company with just five supply chains that manage $50 billion in business, and where functions like accounting, billing and human resources are handled through a companywide system.”
3. In 2004, HP grew revenues at 6.8% while the US GDP grew at 2.5%. In other words, HP’s growth rate under Carly Fiorina was more than double the growth rate of the US economy at the time.