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Campaign Update: CA-Sen, CA-Gov, CA-10

by: David Dayen

Wed Apr 01, 2009 at 07:59:37 AM PDT


A few campaign items that will hopefully tickle your fancy this morning.

• CA-Sen: According to the San Jose Mercury News, former HP CEO Carly Fiorina is "seriously considering challenging" Barbara Boxer for the US Senate.  Yeah, that would be challenging, wouldn't it?  What a fearsome figure she casts, as a failed corporate CEO who got a $25 million dollar golden parachute while laying off half her company!  Who was 20 points down to Boxer in the last poll!  "Corporate CEO who got giant bonus for bad work" doesn't seem to me to be the profile of a political challenger anytime soon.

I'm still holding out the possibility that this is an April Fool's Day joke.

• CA-Gov: When you are having major staff problems 14 months before the primary, I'd say your gubernatorial campaign is in trouble.

Lt. Gov. John Garamendi is saying goodbye to his senior adviser today. And whether he likes it or not, he is saying hello to speculation his upstart gubernatorial bid is struggling.

Senior campaign adviser Jude Barry, who formerly managed the 2006 gubernatorial campaign of then-state controller Steve Westly, let his new boss know that he would resign to pursue other opportunities on March 31.

On his Facebook page, Barry thanked Garamendi but didn't exactly offer an upbeat assessment of the campaign.

"I like John Garamendi and appreciate the opportunity to have worked with him and many other good people on his team, both on the campaign and in the lieutenant governor's office," he wrote. "But at this point, I've done all I can to help him. It doesn't feel right to just hang around the campaign. I wish John and the campaign good luck."

According to CalBuzz, Garamendi has yet to find campaign co-chairs or finance co-chairs, and we all know that winning statewide costs a ridiculous amount of money and essentially a two-year campaign, if not longer.  I'm toying with the idea that California ought to have a slate of regional gubernatorial primaries, to encourage retail campaigning and keep costs down in the near term, to allow a greater multiplicity of views.  Otherwise we will keep getting the same old hacks and rich people running for these seats.  The state is big enough so that it makes a decent amount of sense.

• CA-10: Mark DeSaulnier continues to marshal institutional support for his presumed run for Congress replacing Ellen Tauscher, earning the endorsement of Senate leader Darrell Steinberg.  Though he hasn't formally announced, DeSaulnier announced plans to walk districts as early as this week.  That's probably a good idea, because a new poll shows that nobody has a decent name ID in the district.

A poll commissioned by potential Democratic congressional candidate and former BART Director Dan Richard shows state Sen. Mark DeSaulnier in statistical dead heat with Assemblywoman Joan Buchanan (15 and 13 percent respectively) and Richard trailing at 7 percent.

The poll showed DeSaulnier with a 19 percent favorable approval rating compared with a 9 percent unfavorable while 23 percent did not know. The remaining 49 percent said they had never heard of him. Ouch.

Buchanan received similar numbers: 16 percent favorable approval, 8 percent unfavorable, 29 percent didn't know and 47 percent had never heard of her.

We just saw a special election in upstate New York where over 150,000 people voted.  This special election, like most in California, will be lucky to get half that many.  

David Dayen :: Campaign Update: CA-Sen, CA-Gov, CA-10
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Failed Ceo according to who? (1.00 / 1)
you?

Tiresome (0.00 / 0)
She presided over an 89% fall in profits in one quarter in 2003, never recovered in the two years leading to her ouster, saw the stock flatline after she bought Compaq (they actually were forced into write-downs from that one), got fired by the board of directors, spied on her own employees, had criminal charges filed against her....

According to, um, reality, I would say.

Maybe the "Tax Foundation" says something different...


[ Parent ]
REALITY ALERT (0.00 / 0)
She presided over an 89% fall in profits in one quarter in 2003, never recovered in the two years leading to her ouster, saw the stock flatline after she bought Compaq (they actually were forced into write-downs from that one),

[Fiorina's] biggest achievement at HP -- pushing through the hugely controversial $24 billion acquisition of Compaq Computer, a deal bitterly opposed by descendants of HP's founders -- was a source of strife at the time. But it wound up being a shrewd decision that paid off after she was forced out in 2005

http://www.businessweek.com/ap...

spied on her own employees, had criminal charges filed against her....

http://en.wikipedia.org/wiki/H...

Fiorina was not the one brought up on charges.

Is making up shit a virtue now?


[ Parent ]
I read the Lockyer filing wrong, mea culpa (0.00 / 0)
but I hardly think some random BusinessWeek newsbyte "proves" the success of a merger that sent the company into turmoil for years.  Wouldn't be surprised if Fiorina ghost-wrote that one herself.

On the average, she arrived at a company, it immediately started struggling, the firm lost market share, she was fired, and commenced a spying scandal that led to criminal charges for members of HP, though not her.

Covering for a clearly failed CEO a virtue now?


[ Parent ]
See I am one of those (0.00 / 0)
evil people who own stocks and follow the markets. Let me give you a history lesson.

Fiorina started running the show in 1999. I remember something happening between 2000-2002. Oh yeah, it was a TECH bubble. Not a Fiorina bubble or HP Bubble.

That would be like blaming Liddy for what happend in AIG even though he started running the place during the Financial Crisis of 2007-2008.

And, what's your proof she commenced a spying scandal. If you're an investigative reporter, with some damning evidence, please go public with it, and contact the AG.

Nothing in the Lockyer document said she initiated it.

Still hung up , aren't you?


[ Parent ]
so the world you live in (0.00 / 0)
is one where the CEOs of the companies caught up in the tech bubble have no responsibility for it.  Interesting.  Surely Fiorina was the lone voice in the wilderness begging everyone to look to P/E ratios and cool down with the speculation.  Those $13.5 million in stock options she took in 2001 were just an aberration.  

I guess I should listen to you, because you have STOCKS.  Thanks for the history lesson, but my stack of prospectus statements dating back to 1992 will do just fine, thanks.


[ Parent ]
still want to know (0.00 / 0)
your evidence that Fiorinia ordered spying?

CEO's do not create speculative bubbles although you would like to see a corporate conspiracy under every rock.

Every employee takes stock options.

 So, the failed CEO meme  has one source, you.


[ Parent ]
Well, not so much (0.00 / 0)
Here's the Houston Chronicle's Business Columnist calling Fiorina a ... wait for it... "failed CEO":

http://www.chron.com/disp/stor...

And Steve Benen of the Washington Monthly last year:

http://www.washingtonmonthly.c...

Oh, and there's the Kansas City article I posted earlier you conveniently ignored. I'm sure Dave has a lot of influence and power, but I'm not sure he can really take credit for the "failed CEO meme".

She did a bad job at HP, so people call it like it is.

I think?


[ Parent ]
genius (0.00 / 0)
she spent her entire career at HP doing a sales job to try and inflate the stock price instead of dealing with any fundamentals.  Daniel Gross captures it nicely.  She was a disaster.

So, the failed commenter meme has one subject, you.


[ Parent ]
A disaster as HP's CEO (0.00 / 0)
I don't think she could get through a republican primary, frankly.  DeVore would clean her electoral clock.

Also, well, she did a pretty bad job at HP

http://voices.kansascity.com/n...

But I'd love to see her run, it would be an entertaining primary.

I think?


[ Parent ]
Garamendi (4.00 / 1)
Garamendi will not be the best-financed candidate, or the most elaborately organized, but he's still fairly popular with, you know, voters.  He and Brown have each won three statewide races -- and in Garamendi's case, he's never lost a statewide race as the Dem nominee, while Brown fell short in his 1982 bid for the Senate.  It's far too early to tell what will happen in June 2010, but Garamendi's square but competent image is not a bad hand to play, and might be quite a good one.

Garamendi (0.00 / 0)
The last candidate who had staff problems this early was Diane Feinstein who was fired by her consultant and lost virtually everyone working for her with no warning.   This is not a big thing and I think Jude's letter of resignation shows that Garamendi was following a different strategy than he might have wanted.

Jude Barry's record doesn't impress (0.00 / 0)
He was Howard Dean's state director -- and the field operation (such as it was) had to be built by volunteers.

He was Westly's manager in the 2006 primary -- and fumbled away the race.

This may be the best news for Garamendi yet.


[ Parent ]
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