Former HP CEO Carly Fiorina to Run for Senate

fiorina

Former Hewlett Packard CEO Carly Fiorina announced that she will run for Senate in California today. The Washington Post has more:

“Throughout my career I’ve brought people together, and I’ve solved problems,” wrote Fiorina in an editorial in the Orange County Register today. “And that is what is needed in our government today. People who are willing to set aside ego and partisanship and instead work to develop solutions to our problems.”

On paper, Fiorina gives Republicans their most serious candidate against Sen. Barbara Boxer since 1998 when then state Treasurer Matt Fong (R) held the Democratic incumbent to 53 percent.

As a successful businesswoman, Fiorina presents a significant contrast to Boxer who has been in elected office in California since 1976. And, Fiorina’s personal wealth means that she can fight Boxer dollar for dollar in a state where money (and the television ads it buys) is absolutely critical. Fiorina does start far behind Boxer in the money chase, however, as the Democrat showed more than $6 million on hand at the end of September.

One California Republican strategist acknowledged that Fiorina “has a long way to go” in terms of viability but quickly added that her profile, her personal wealth (assuming she spends some of it) and Boxer’s controversial persona means that the Republican will likely stay within shouting distance of the incumbent through next summer and fall.

If Fiorina’s HP legacy has any bearing on her ability to be a successful political leader, this doesn’t bode well. That said, many people have become politicians after unusual careers (especially in California). And in politics, dogma and money override past mistakes. It’s not about ability to govern, it’s about the ability to get votes.

This will get interesting.

Other recent stories

High Costs Force McDonald’s Out of Iceland

McDonald’s will close all of its restaurants in Iceland next week, after high ingredient costs, high import taxes, and a depreciation of the Icelandic krona have made the national Big Mac the most expensive in the world. The Guardian has more:… Read more

Bank of America Sells First Republic Bank

Bank of America will sell San Francisco-based First Republic Bank to two private equity groups. The deal is set to go through next year. Bloomberg has the details: Bank of America Corp. said it agreed to sell First Republic Bank to a group… Read more

How to Run a Successful Business Facebook Account

Image: Geekologie Last month, social media network Facebook hit 300 million users. If you think a few of those people could use your company’s widget, then it’s time to fire up your business’s presence. When used correctly, Facebook drives… Read more

Twitter in Talks with Google, Microsoft for Data-Mining Deals

Twitter is in talks with Google and Microsoft about licensing its tweets for real-time inclusion in search engines. Such deals could be worth millions. All Things Digital (via Silicon Alley Insider) has the scoop: …according to sources… Read more

Emerson Electric Buys Avocent for $1.2 billion

Emerson Electric, which makes industrial equipment, will buy IT products and infrastructure company Avocent Corp. for $1.2 billion cash. The Wall Street Journal has more: Emerson — a maker of industrial-automation equipment, power systems… Read more

Abbott Labs Buys Solvay Pharmaceuticals Business for $6.6 billion

Abbott Laboratories will buy chemical/pharmaceutical company Solvay’s pharmaceuticals business for $6.6 billion. MSN Money has more: The companies already co-market Tricor and TriLipix for controlling blood fats called triglycerides. A deal… Read more

Xerox Enters IT Services Space by Buying Affiliated Computer Services

Xerox today announced that it will buy IT services/outsourcing company Affiliated Computer Services for $6.4 billion. Bloomberg has more: The transaction will help triple sales from services to about $10 billion, Xerox said today in a… Read more

Nintendo Slashes Wii Price 20%, Following PS3 and Xbox 360’s Leads

Inspired by slumping sales, Nintendo has slashed the price of its Wii by 20% in the US. PCWorld reports: As expected, Nintendo has dropped the Wii’s price in both the US and Japan, with European details pending. The cut brings the Wii in line… Read more

FCC Proposes New Net Neutrality Rules

FCC chairman Julius Genachowski today proposed a set of new Internet neutrality rules relating to ISPs. CNET has more: In a speech given at the Brookings Institute, Genachowski proposed that the FCC turn its four principles of network… Read more

Dell Snaps Up Perot Systems for $3.9 billion

Dell has announced it will buy technology services company Perot Systems for $3.9 billion, or $30 per share. The New York Times’ DealBook reports: Dell and Perot Systems, which was founded in 1988 by H. Ross Perot, said that the terms of the… Read more

Adobe Buys Omniture for $1.8 billion

Adobe Systems Inc. announced it will buy business software company Omniture Inc. for $1.8 billion. Reuters has more: Adobe…looks to counter falling sales from its Photoshop and Acrobat programs. Adobe, which reported lower fiscal… Read more

Eli Lilly to Cut 5,500 Jobs by 2011

Eli Lilly will reduce its workforce by 13.5% in the next two years, to cut costs when its patents expire. MarketWatch has more: Early Monday, Lilly said that it plans to whittle down its global ranks to 35,000 employees by the end of 2011, a… Read more

GM Sells Majority Opel Stake to Canadian, Russian Companies

GM Motors will sell a 55% stake in Opel and Vauxhall to Russian bank Skerbank and Canadian auto supplier Magna. CNNMoney reports: Under the plan, Magna, along with Russia’s Sberbank, will take over 55% of Opel. Opel employees will own… Read more

T-Mobile, Orange Joint Venture Creates UK’s Biggest Carrier

T-Mobile, owned by Deutsche Telekom, and Orange Group announced a plan to merge their UK operations yesterday. The merger will create the biggest cell phone carrier in the UK. ZDNet has more: The as-yet-unnamed joint venture will have a… Read more

 

Business Notes

Ford stock jumped to $7.50/share today, after the company posted a surprise profit.

Apple is killing it with its new iMac, Magic Mouse, and Mac mini.

GM will shut down Saturn as a result of the collapsed Penske deal.

Google has purchased reCAPTCHA, which could help its text scanning project.

The postal service is offering workers up to $15,000 to leave their jobs.

... More Biznotes


Looking for t-shirts for the summer? Search all the major t-shirt shops at Teenormous.