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Carly Fiorina
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- 2019-10-07
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- 2019-10-07
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“People closest to the problem know best how to solve it. So, you know what I do every day? I go out into communities and I meet with people who are sitting there facing festering problems and they get together and they make it better. And that is uplifting, joyful work. We need more problem solvers, less talkers, less politicians, more problem solvers.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“The problem right in front of me right now is we don't have enough problem solvers in this world. And it's why I do the work I do. Because leadership is all about solving problems. It's not about title. It's not about position. It's not about even power, although some leaders have power. Some good leaders never abuse it. But leaders solve problems. And we have all these problems that aren't getting solved because we're waiting for the politicians to do it. They're not going to because we're waiting for the founder, CEO to do it. They're not going to.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“And really, it is one of the main points of my book. I have never planned my life. But I have tackled the problem that was right in front of me. I don't know what I would say. What's the problem right in front of”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Well, see, I don't look at life that way. So at 24 years old, I had just landed in AT&T. My first client meeting was held at a strip club because that's where the colleagues went. What did you wear with strip clubs? I wore at the time there was a book called How to Dress for Success. Oh my God. So shoulder business for women and a bow tie and a very severe suit. I look like an idiot, but I survived the encounter. My point is this.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“So I think climate change alternative energy, it's a huge area for innovation health care remains a huge area for innovation. Space, I agree with you. I'm so delighted to hear you say space. I think space food. Water actually is a huge area for innovation.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Totally froth, I think, is kind. I don't even think it's nothing, it's almost nothing as far. I just don't have any respect for it. But there is innovation in AI. There's innovation in cars. I mean, when you think of space, when you think of climate change, I keep saying the next, the world's first trillionaire will be the climate change technology.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“So let's finish up on what you think the most to me, the important innovations are coming in other areas. They've been doing nothing but spinning their wheels for a while now. So you would agree with me.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“They buy it. And so, in fact, they are retarding innovation in Silicon Valley. The other thing that I would say, I'm going to use a phrase that I won't quote him because he might not like me to quote him, but let's just say he's been around Silicon Valley a very, very long time, and he's a very prominent person in Silicon Valley. Who described to me the kind of innovation that's coming out of Google and Facebook as froth? Now they would be very offended by that. But in fact, there are a lot of these apps and leveraging social media platforms. To your point, a lot of harm is done. It's not arguably all good. It's not clear that these are all game-changing innovations, although they are behavior-changing, unfortunately.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Number two, their power is itself a deterrent to small startup companies. Because anytime a small startup company looks successful, they buy it.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Yes. Well, of course, those are the arguments that you're hearing. So number one, I would say they're not spending too much time fighting China. They're spending a ton of money taking advantage of the Chinese market, honestly.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“So, what do you predict is going to happen? Is this going to change the confidence? Because what I've noticed, instead of being changed or chastened in any way, because I've been pretty tough on them on this particular issue, my issue is them taking no responsibility for their damage that their inventions do. And I think they have to. One, two, they're too powerful. Three, regulation is coming. So let's try to figure out a good way to do it and to keep innovation. Let's go to their argument that if they're not this big, they can't fight China. If they're not this big, the big problems can't be solved because little companies can't do it. You hear that from them a lot. If they're not allowed to do what they want, we're going to ruin the great engine of growth that is tech.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“We have none. We have none. And consumers are Ignorant and it is disingenuous in the extreme for Mark Zuckerberg to show up in front of Capitol Hill and say, oh, our privacy policies are clear. No, they're not. And they're not even adhering to their privacy policies as we now know.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“I do think fines in the national fines and oversight and a level playing field in terms of privacy legislation makes sense. That's what I meant by a floor, that we ought to have some level.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“What's fascinating will be, say, Elizabeth Warren is the candidate, and they have the existential crisis of giving to Trump. They'll do it in a second in a heartbeat, I suspect. But it's a really interesting thing because they sort of put themselves out as a tolerant group of people. But you're right. They'll give anybody money. They'll give everybody money. So one is the State's Attorney General's. What about fines and oversight and fines of national privacy laws?”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“That these Silicon Valley companies have contributed principally to the Democrat Party, but now over time to the Republican Party as well. Think about the amount of money that has been spent lobbying. The federal government to stay out of our business. And the amount of money that Silicon Valley executives personally have given political candidates. Why? To keep people out of all this. And it's worked for a really long. What's fascinating?”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Not the federal government under Democrats or Republicans. The Obama administration did nothing with it. It's the state because they're close to the problem and they see the devastation. And so I do think. It's another example of where I differ with Elizabeth Warren. Let's state Attorney General go after this stuff. Unfortunately, I think the California Attorney General probably won't go after it. Let's just say one more thing. Let's just say one more thing here about power. Think about the amount of money.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Well, let's just talk about the states for a moment because I actually think the states Have been far more effective on some of this stuff than the federal government. To me, it's an example of people closest to the problem know best how to solve it. Who is it who finally tackled the opioid crisis?”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Which it's being done. The state of play. Argue why it would be a good thing and why it would be a bad thing. Say it's found. They're doing the states are doing, attorney generals are doing it, the Justice Department when it's not flying all over the world doing funny things. Some of the people there are actually doing their jobs are doing what the FTC is looking at it. Many people criticize the FTC's low level fines, but I just had the commissioner on and she's like, we can't do it. We don't have enough resources to be able to monitor these companies.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Well, I don't dismiss that idea. I'm not convinced that that is. The right answer at this time. I think, frankly, there hasn't been enough homework done in the state of play. And I would hope that would get bipartisan support, honestly, from both Democrats and Republicans.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“The internet cannot be the wild, wild west, which it is today. It should not be permissible that in social media anything goes. We wouldn't let anything go in the public square. Well, social media is the public square. But it is today.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Well, for example, there should be a floor of transparency around what consumers must be told. Not they have to dig through 20 pages of fine print to figure out what's actually being done with their information. No, there should be bold, frequent, easy-to-read disclaimers of what is going on with your information, just as, for example, we've changed lending forms or credit card forms to be bold, clear, simple disclaimers, the same kind of thing should go on in technology just as but one example. I think, secondly, I've said this since I was the CEO of Hewlett Packard, the tax system ought to be leveled so that there is not such a huge advantage in terms of ordering things online from a tax perspective as opposed to going to a retail store. As an example, you've got level the playing field. As a third example.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Nobody knows anything until it comes out. So we need to set a floor. And I think what Elizabeth Warren would argue is let's set the ceiling. I don't think that is the floor.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Yes, so my point of view is Elizabeth, where I differ with Elizabeth Warren. Is her solution when she says Washington works for the big and powerful, I agree with her. I said that during my own presidential campaign because when you have big, complicated, powerful bureaucracies, they only work for the big and powerful. Big companies can lobby, rich people can lobby, little companies can't, little people can't. Where I differ with Elizabeth Warren is her solution to give government more power. Let's build bigger bureaucracies. Let's take as much power as we can in concentrate it even more in Washington. And I don't think that solves the problem. So the role for regulation that I believe is that regulation should set a floor, not a ceiling. There is no floor.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Well, so I do think that there is a role for government and regulation in preventing the concentration of too much power. I think there's a role for regulation in the energy industry, and I think there's a role for regulation in the technology industry. There is too much power. What does that look like?”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“But no, is it up to the task? I mean, but they were pattern mesh in a very different way because he did take input. It was interesting more so. I think people were always surprised by his friends, like Larry Ellison was a friend. I didn't realize you were such good friends with him. But one of the things I thought has happened is that they have people around them that lick them up and down every day, and they have this enormous power. And at the same time, they pretend they don't have power, which is really irritating. Let's all work together to fix this. If I hear that from one more CEO who has complete power, I just am going to just hit my head on the wall.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Right. So when you have this situation, because I think one of the things that Steve Jobs unfortunately did is this cult of founder, everybody, they were sort of pattern on that, on him, this idea of a cultivate. There just wasn't one like him.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“I don't think when someone lashes out like that, whether it's Mark Zuckerberg or President Trump, and by the way, they're not comparable in many ways. But they are comparable in this sense.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“That's what I mean. I think they kept him cold. I was like, he was cold to me. I'm like, I knew I interviewed him nine times. He was not cold. No, Coles was the last thing he was. No, he was cold. He was sharp. He could be rude. He was different. But it was all on the, all there. That's what I appreciated about it. It wasn't subterranean as it is with so many of these other CEOs. You know what I mean? The rage. Like I wrote something today about these, you know, and people are like, how do you account for the contrast between Marx said in public and private? I said he's raging.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“You say Steve had too much heart. I think I know what you're saying. I might say it slightly differently. I think Steve had a lot of soul. He was a very soulful person. That's what I mean. And so he kept him cold.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“He was a visionary. So, for example, his vision Which at first no one understood was I want my products to be beautiful. And I want people to love them. People thought he was smoking something, literally. But of course he was absolutely, yeah, but of course he was absolutely right. 100%. He was 100% right. And I also think.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“And I'm not objective about Steve because he was a very dear friend. Steve had humility. Yes, he could be a tough guy. Yes, he had very clear Very passionate for what he was trying to do. And he suffered fools not at all.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Even though he had a lot of power. Yes, Steve Jobs had a lot of power, but Steve Jobs, remember that Steve Jobs First of all, he was fired by his own board. I mean, he came in and out, and he built Apple from the time he came back in, from what was Not a powerful company at all into a leader. So that's, to me, he was a different kind of guy. First of all, Steve was”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Matters more than anything else. And most of the time, these founders handpick their board members. And so what you have is One person, a couple people in the case of Google who literally decide everything. And so their power is enormous. And of course, add to that the fact that they are what the stock market loves, rapid growth. Without profitability for a long time, but now, of course, huge profitability as well. Huge profit. Rapid growth so the market keeps giving them the leverage and the latitude to do whatever they want. That kind of power, that kind of adulation. From everyone around you up and down. Yeah.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Yes, in Athens they control. They may not control everything, but they control so much of the company's stock that their vote”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“I think what's different, so let's contrast IBM or even Hewlett-Packard. How large companies have been governed historically versus Facebook, Google, Amazon, even Apple, honestly. A large corporation is governed in such a way that, yes, you see boards that are totally dysfunctional that let CEOs get away with craziness. Look at the board of GE that was asleep at the Switch for 10 years, or the board at GM that was asleep at the Switch for a long time. So it happens. But what's different in Silicon Valley is you have this archetype of the brilliant founder, the brilliant founder, the visionary leader who has preferential shares of stock and who explain.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“It's not enough. One thing I did like about you all the time is you didn't never pull that line. You never, you were like, I'm here to sell stuff, essentially, or I'm here to make stuff. And you see it in companies. Even though Tim Cook does talk a big game, he is pretty clear about privacy and things like that. I want to separate people out right now. I think the big companies we're talking about are Facebook and Google, essentially, with the side of Amazon and a little Twitter. As Mark Zuckerberg said today, in a leaked audio of a meeting he had, Twitter, they spend more money on safety than Twitter has in revenue, which was another backhanded slap to competition. It's incredible how, to me, that comment of all of them, and there were”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“There are a few, a very few executives who have enormous power over these enormously powerful companies who have preferential shares of stocks. Yes, they can't be fired. So power concentrators, power abuse. And by the way, Silicon Valley in general suffers from a fatal lack of humility”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“It's too much power, power into our lives, and we now know that these companies Are less than transparent. We know that they use their market power to crush rivals. We know that they are taking advantage of consumers. And we also know that the products that they put out there are not always used for good and healthy purposes. We know all that.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Well, I think there are two things going on. First, I agree with you, there is something going on. I said in our last segment power concentrated is power views. We have too much power concentrated in the hands of too few people in too few companies. The power of Facebook, Google, Amazon, just to name a few, is enormous. Those companies have more power than the oil barons ever had.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“What I hope is that I spend My days making a positive difference, running at problems. I love challenge. And there comes a time when an opportunity presents itself. And I say, okay, I can make a positive difference here.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“No, no, no. I moved back home to Virginia eight years ago. You know, I say this in my book, Find Your Way. I do not have a destination in mind. I never have. I didn't plan to become a CEO. I didn't plan as an advance to run for president.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“I will see. If you had asked me five years ago if I was going to run for president, I would have laughed. It's not how I make decisions.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Not welcome right now Well, whatever. I wrote what I have written to encourage citizens to make up their own mind. And I wrote what I have written to ask people, whoever and wherever they are. To remember the fundamentals of what we learn in this country. We don't pledge allegiance. We don't swear loyalty to any president.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“I'm really not in touch with most of them on the hill. Did you run again? I think they know what I think. And I think what I think is not welcome right now.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Yes, I think Nancy Pelosi has handled this given her position as leader of the party as well as Speaker of the House. I think she has handled this extremely well. I think she has been careful. She has been sober. She has been mindful of public opinion. She hasn't spiked the football. And she has unleashed a process which now no one can control. It's going to go where it goes”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Well, I think the impeachment inquiry is ongoing. I think the White House apparently now will make a judgment about whether to obstruct an impeachment inquiry or not, obstructing an impeachment inquiry is far more serious than simply failing to comply with a Subpoena, I think the Democrats are on a course from which they cannot deviate now. And so in a way, I think both parties are going to play their part. And it is the American people's part that is most important now. What is it that we as citizens think about this?”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“I think if the polls continue to move, I think you'll see more expressing doubt when I say their political self-interest. If the polls continue to move in favor of at the very least an impeachment inquiry, you may see more politicians speak out. But I just think this transcript of this call is crystal clear. You have a president sitting In the residence, apparently, but ostensibly in the Oval Office. Asking a foreign government. To dig up dirt on his political opponent. Pretty black and white”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“This is at the very least conduct unbecoming a president and at the very most it is an absolute equating by the president of the nation's interests with his political self-interests. I think he honestly believes his political self-interest is the nation's interests. That is the definition of an autocrat.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“A much shorter document, which there's no excuse for anyone not to read the transcript of that call, which the White House released is crystal clear.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT
“Not politicians. I said we have a duty to inform ourselves. I read the whole Mueller report cover to cover. Maybe not everybody wanted to, but I felt I needed to because I wanted to form my own opinion. And my opinion is, having read that report cover to cover, that at the very least, President Trump's conduct is unbecoming. And at the very most, he was clearly engaged in an effort to obstruct. I think that's just crystal clear from that report. Now we fast forward.”
2019-10-07 · Decoder with Nilay Patel · Recode Decode: Former HP CEO Carly Fiorina · IDENTIFIED FROM THE TRANSCRIPT