September 29th, 2008
01:00 PM ET
10 years ago

Obama ad targets Fiorina

A new Obama ad targets Carly Fiorina.

A new Obama ad targets Carly Fiorina.

(CNN) - Barack Obama is targeting a John McCain advisor's former compensation as a Fortune 500 CEO in a new television ad running nationally.

The 30-second spot goes after executive pay and is specifically critical of Carly Fiorina, the current McCain advisor who was ousted as the head of Hewlett-Packard in 2005. The company doled out $21 million in severance to her, and reportedly another $21 million worth of stock and pension.

"John McCain's advisor, Carly Fiorina. The fired CEO who left with $42 million," the ad's narrator says. "Barack Obama says it's got to change."

The ad, called "Parachute," also attacks Washington Mutual CEO Alan Fishman, who reportedly could get $19 million worth of compensation, even though the bank failed last week.

"You've got corporate executives who are giving themselves million dollar golden parachutes and leaving workers high and dry," Obama says in the ad. "That's wrong. It's an outrage."

Fiorina had been a prominent surrogate for McCain, but she was promptly removed from the cable news circuit earlier this month after she said neither John McCain no Sarah Palin was qualified to run a major corporation.

soundoff (236 Responses)
  1. The BOTTOM Line.....


    STILL WAITING...................

    September 29, 2008 01:42 pm at 1:42 pm |
  2. Beverly, NYC

    Rick Davis, McCain's right hand should be in this commercial also, with his monthly stipen of $15,000 from Freddie Mac. And all the other lobbyist on McCain's payroll. I am sure they are not on his campaign for free.

    September 29, 2008 01:42 pm at 1:42 pm |
  3. Kathi

    Obama, finally, you have shown your true colors. You are hostile to women who are socially conservative; you are never tolerant or understanding. You deplore race baiting; but you inject race by telling your surrogates what to say. You say to believe McCain is a hero; but you call him "John" as though he were your equal. McCain is more than himself...he is a man! You are not!!!

    September 29, 2008 01:42 pm at 1:42 pm |
  4. Bruce

    Yes the RICH get RICHER and the POOR get . . . .

    Time to get a new wind in Washington DC. Need to get the SAME OLD SAME OLD out. A prety face does not mean a change for the better. We need someone that will STOP and THINK about a problem. McCain tends to SHOOT first and then try to understand what happened. Just like Bushd so what is the difference between Bush and McCain: NOTHING

    September 29, 2008 01:43 pm at 1:43 pm |
  5. Newsflash! Putin Invades Alaska's Airspace Between Palin's Ears

    Where's Ms. Fiorina been? Holed up with Sarah, maybe? Oh, maybe Botox Barbie McCain is giving them social grace lessons – like she would know anything about that!

    September 29, 2008 01:43 pm at 1:43 pm |
  6. Mary

    McCain needs to stop selling himself short and confess about his own policies and how they are against Obama. At least one import ant thing about Obama plans is that if you have an percondition illness you will be able to get insurance. McCain you will have to puchase insurance and if they are what it looks like at my job, I pay more for premium and deducible and get less of a choice for doctors, so Obama plans is the best Health Care Plan around. Don't be fool people McCain don't have a plan only looking at Obama works and stealing the phrases,.

    September 29, 2008 01:43 pm at 1:43 pm |
  7. ANGIE

    When mccain said he would put a freeze on goverment spending does that mean he will STOP SENDING BILLONS OF DOLLARS A MONTH TO IRAQ? and since some feel he saved the day and made the deal happen in congress WILL HE SAVE SOME MORE OF OUR MEN AND WOMEN FROM DYING SENSELESS IN IRAQ will he END THIS WAR and stop killing our men and woman and driving our economy futher and futher in debt because of it MCCAIN SUPPORTERS ASK YOUR SELF THESE QUESTIONS and then look at mccains policies!

    September 29, 2008 01:43 pm at 1:43 pm |
  8. David, Silver Spring, MD

    I know this is going to resonate with a lot of voters, but I don't see how it can be combatted legally unless:

    1) CEO pay restrictions are worked into any agreement for govt. bailout, or
    2) the income tax code is made more progressive. Back as recently as 1960, the top rate was more than 75%, double today's rate.

    I don't see how legally the govt. can limit CEO pay but not the pay of pro athletes, entertainers, etc., except through far reaching tax reform.

    September 29, 2008 01:43 pm at 1:43 pm |
  9. Ron L

    What is sad about this is not that she is on the McCain campaign, but that the CEO's of companies can actually do a BAD JOB and STILL get so much money when FIRED!!!!
    And I bet she thinks she deserved it???

    September 29, 2008 01:43 pm at 1:43 pm |
  10. quixt

    This is not an entirely Republican problem. The Democrats have done nothing in the last 8 years to address the problem and even longer. This problem started in the mid 1990's – no one did anything then, Republicans or Democrats. Several high ranking politicians were on the boards if not directly involved with these companies and still are high ranking politicians (Frank and Dodd). I say after we get grounded we need to make sure those involved are held accountable and never hold a position in government – possibly give up there benfits for failing to fo there jobs. Pay back time. An Independent.

    September 29, 2008 01:43 pm at 1:43 pm |
  11. bigmike

    In May 2007, as Mr. McCain’s presidential bid was floundering, he spent a weekend at the MGM Grand on the Las Vegas strip. A fund-raiser hosted by J. Terrence Lanni, the casino’s top executive and a longtime friend of the senator, raised $400,000 for his campaign. Afterward, Mr. McCain attended a boxing match and hit the craps table
    Only six members of Congress have received more money from the gambling industry than Mr. McCain, and five hail from the casino hubs of Nevada and New Jersey, according to data from the Center for Responsive Politics dating back to 1989.

    September 29, 2008 01:43 pm at 1:43 pm |
  12. Cindy

    growing number of Republicans are expressing concern about Sarah Palin’s uneven — and sometimes downright awkward — performances in her limited media appearances.

    Conservative columnist Kathleen Parker, a former Palin supporter, says the vice presidential nominee should step aside. Kathryn Jean Lopez, writing for the conservative National Review, says “that’s not a crazy suggestion” and that “something’s gotta change.”

    Tony Fabrizio, a GOP strategist, says Palin’s recent CBS appearance isn’t disqualifying but is certainly alarming. “You can’t continue to have interviews like that and not take on water.”

    “I have not been blown away by the interviews from her, but at the same time, I haven’t come away from them thinking she doesn’t know s—t,” said Chris Lacivita, a GOP strategist. “But she ain’t Dick Cheney, nor Joe Biden and definitely not Hillary Clinton.”

    September 29, 2008 01:44 pm at 1:44 pm |
  13. bigmike

    One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain’s campaign manager from the end of 2005 through last month, according to two people with direct knowledge of the arrangement. The disclosure contradicts a statement Sunday night by Mr. McCain that the campaign manager, Rick Davis, had no involvement with the company for the last several years. Mr. Davis’s firm received the payments from the company, Freddie Mac, until it was taken over by the government this month along with Fannie Mae, the other big mortgage lender whose deteriorating finances helped precipitate the cascading problems on Wall Street, the people said.

    September 29, 2008 01:44 pm at 1:44 pm |
  14. Chris from NY

    That's an African adage that says "while the monkey is working the baboon is eating". We work 16hours a day to make ends meet while my boss is getting my two annual salary combined per hour. Life may not fair but at least I know it to be just. And we are thaving a taste of it first hand.

    September 29, 2008 01:44 pm at 1:44 pm |
  15. Brian

    How on earth did McCain think it would ever be a good idea to get advice from someone who bombed a corporation, took a $42 million golden parachute and then said he was unfit to run a corporation like HP? Her saying that simply proved her arrogance, thinking she was qualified to run a company (into the ground) while her P/VP pick was unqualified.

    If a toxic, greedy CEO thinks she is more qualified than McCain or Palin, well that just says some really bad things about all three of them – Palin, McCain and Fiorina.

    I guess bad things come in threes?

    September 29, 2008 01:44 pm at 1:44 pm |
  16. Tom Swift, Shopton USA

    $ 700,000,000,000.00

    The taxpayers should at least get to see some some CEO & upper level execs take a "perp walk".

    The taxpayers deserve to see 1000's of execs being escorted out of their buildings with their belongings in a cardboard box.

    BUT... if they leave at all, it will be with a golden parachute.

    $ 700,000,000,000.00

    From your pocket.

    September 29, 2008 01:44 pm at 1:44 pm |
  17. Former Hillary supporter now support McCain

    I think you forgot to add another sentence on your ad: By the way, I am Obama and I received $500,000 dollars from forks within Fannie Mae/Freddie Mac.....

    Obama, you can run but you cannot hide.

    September 29, 2008 01:44 pm at 1:44 pm |
  18. Misha

    I think the obama campaign is saving the best for last. which is: Mcain's involvement in the S&L Scandal and the Keating Five scandal. In 2004, McCain lost the South Carolina Primary. Bush went on to become president through a recount in Florida, helped by Eskew, Tompkins, and Rhodes, called by one McCain adviser, "the darker side of our party." Same people with bush 2000? now with Mccain 2008? is this a dream?

    September 29, 2008 01:45 pm at 1:45 pm |
  19. Judge

    McCain will sink the ship and throw his wife overboard for Palin. People wake up because Palin came fart without McCain correcting it for smell.

    September 29, 2008 01:45 pm at 1:45 pm |
  20. Shawn - GA

    OK no doubt she had to reason to get all that money. What does that have to do with McCain though?

    September 29, 2008 01:45 pm at 1:45 pm |
  21. tulsa

    Team America...
    You backtrack and cover as well as your candidate. If that had been an Obama advisor, you'd be OUTRAGED!

    September 29, 2008 01:45 pm at 1:45 pm |
  22. Right Turn

    That coming from a guy who let's his brother live in a shack?!

    Yeah we can trust Obama to be our brother's keeper...

    Anyone who saw that debate and thinks Obama won is either a liar or they didn't see the debate!

    September 29, 2008 01:45 pm at 1:45 pm |
  23. Bill Stapp

    I suppose the outrage aimed at our elected officials will diminish over time. I'm sure they are counting on that.

    Are we headed to a time when we don't trust democracy anymore?

    The politicians keep telling us good things, but we keep seeing things far differently. They have drivers, free food, large expense accounts... all paid for by their voters. And they spend our money as if they were doing us a favor. This is just the wrong way to run a country.

    We cannot afford two wars. We cannot afford to pay social security in the future. And our elected officials keep ignoring these problems.

    I think it is time for a change. Either the people demand change, or it will be forced upon us. The former option we can control. The latter option will be painful to accept.

    September 29, 2008 01:45 pm at 1:45 pm |
  24. Chloe

    I wish they wouldn't just talk about how much these people are paid, but what percentage of their income they pay in taxes. For someone in a 45% tax bracket who makes less in a year than they do in a few hours this would be a huge sticking point for McCain's new tax breaks for the uber rich.

    September 29, 2008 01:45 pm at 1:45 pm |
  25. A Woman In California For Obama:

    Go Obama! You were great in the debates and looking at how angry McCain was it showed the world why America is in the mess we are in. No world leader would want to sit down with this small angry little man.

    September 29, 2008 01:45 pm at 1:45 pm |
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