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. Joe Dallas/Fort Worth

    These CEO payouts must come to an end. This is money that could be spent on Main Street. Imagine what can be accomplished with 42 million dollars. Imagine how many starving children across america and the world that 42 million dollars could feed. It's an abomination of humanity to continue these big CEO payouts. It's time to stop them for good.

    September 29, 2008 01:49 pm at 1:49 pm |
  2. maurice

    Obama is the final piece to the fall of the U.S.

    September 29, 2008 01:49 pm at 1:49 pm |
  3. John Hussein OBAMA


    we're already becoming a socialist country thanks to the $700 billion bailout deal aka Welfare for CEOs. and it's 3rd, NOT 3th. Moron.

    September 29, 2008 01:49 pm at 1:49 pm |
  4. PJ

    If I'm not mistaken, the head guy at WaMu had only been there 18 days.... Got over 7 mil as sign on and then over 6 mil when they shut the doors. I could handle that.
    What about the head of Bears Stern? I heard he got around 61 mil golden parachute when they were sold to BofA and the head of Lehman Brothers sold his stock options 2 WEEKS prior to them shutting their doors for around 61 mil. Talk about insider info – isn't that illegal?
    Businesses go under and the 'Big Guys' walk away with millions while the workers who were the foundation of the business lose everything – been there, bought that tshirt and it's not fair in any way!

    September 29, 2008 01:49 pm at 1:49 pm |
  5. Steve A. , New Braunfels , Texas

    The WaMu guy was there actualy just " 17 " days, a little over a million a day. This bailout stinks and it will lead to more and more bailouts, you will see!

    September 29, 2008 01:49 pm at 1:49 pm |
  6. This is to Noah

    Rick Davis: In the Doghouse
    It's only getting worse for John McCain's campaign manager, Rick Davis. Following the news that Davis was paid $2 million over five years as president of an advocacy group set up by Fannie Mae and Freddie Mac, the New York Times now reports that Freddie Mac paid Davis's lobbying firm $15,000 a month up until last month. The firm was kept on the payroll because of Davis's close ties to McCain. The news comes after McCain insisted that Davis has had no involvement with Freddie Mac for several years, leading progressive bloggers to wonder whether McCain lied to Americans or whether Davis lied to McCain. Either way, liberal bloggers are irritated by the lies and secrecy and the fact that Davis did next to nothing for the money he received. They're also skewering the statement McCain spokesman Michael Goldfarb published denying the allegations, calling it a "nondenial" and a "complete mess." One blogger says the news should be "absolutely devastating" to the campaign. It's unclear whether Davis will continue as McCain's campaign manager.


    September 29, 2008 01:50 pm at 1:50 pm |
  7. Ex-Republican for Obama

    John McCain is not ready on Day #1. He's been in senate for 26 years and he has proven to be an utter failure in all he does. Surrounding himself with the likes of his campaign is proof positive that nothing has changed and he is still a disaster in the making, but we can make him a disaster of the past...let's get him out of washington..he is USELESS.

    September 29, 2008 01:50 pm at 1:50 pm |
  8. hector garcia

    i honestly think that obama is doing the right think and i know he is going to win.but mcain is right on his tail with electoral votes.

    go obama!!!!

    September 29, 2008 01:50 pm at 1:50 pm |
  9. tulsa

    uncle sam,,,,
    As soon as you can tell the truth

    September 29, 2008 01:50 pm at 1:50 pm |
  10. Hana

    Carlie Fiorina got McCain in trouble about the health insurance companies paying for Viagra but not covering birth control pills. Then she got him in trouble for saying that Palin was not ready to be a CEO of HP. She had it coming. She was given a huge severance package from McCain camp. People are not deaf/ blind/ mute. We can see how corrupt lobbyists and greedy CEOs are the fabric of McCain Camp. We need a fresh start and McCain is stuck in the past with war on his mind.

    September 29, 2008 01:50 pm at 1:50 pm |
  11. CNN = Jerry Springer of news

    Noah September 29th, 2008 1:30 pm ET
    Of course Obama's ad would never mention Jim Johnson or Franklin Raines who cooked the books at Freddie Mac so they could make millions of dollars in bonuses. His ad would never mention them because they are advisors to Obama. The Democrat Party has become the party of hypocrisy and double standards
    These men are not advisors to Obama. Johnson was hired to vet Obama's VP, but was quicly excused once his connections to Fannie Mae were discovered. Raines never had anything to do with Obama's campaign.

    September 29, 2008 01:50 pm at 1:50 pm |
  12. Former Republicans for Obama

    Carly Fiorina is an idiot and only helped prove how derailed the McCain straight talk express is. His pick of Palin is and insult and speaks volumes to his lack of judgement!!!!

    September 29, 2008 01:50 pm at 1:50 pm |
  13. Lynne

    She also included Obama in that statement!!!

    September 29, 2008 01:50 pm at 1:50 pm |
  14. Annette

    She did get a golden parachute from HP, when their sales were declining...check that out! I would have to agree with this ad, it does make a point??

    Obama/Biden 08

    September 29, 2008 01:50 pm at 1:50 pm |
  15. Lou

    obama – stop looking in the past – all you do is blame things in the past. Im sure many of your supporters/advisors have gotten these payments. We now know that these payments wont be happening again, so just get over it.

    September 29, 2008 01:51 pm at 1:51 pm |
  16. Nuwan Samaranayake

    The problem is that when there should not be a single American who would vote for McCain except for those greedy people, he is still getting over 40% in the polls. The direction of this country is determined by the majority. Bush didnt come from sky, majority of Americans elected him twice. Now they with the rest of the people pay the price for that huge mistake. The real question is, does the majority of this country is in one side to prevent this country going to to hell. Still however much we talk, how every we dislike the current situation, majority of Americans may decided to put this country in harms way. So it will be interesting to see what choice they make soon.

    September 29, 2008 01:51 pm at 1:51 pm |
  17. arnold

    I just went to the store to buy some Koolaid for my kids. They were sold out !!

    "Call me if you need me, I'm too busy trying to make my competition look worse than me. I have nothing else to offer, but sweet talk. I have a lot of work to do in order to keep the attention off my relationship to ACORN, Fannie and Freddie."

    September 29, 2008 01:51 pm at 1:51 pm |
  18. Lynne

    She said being a mayor is a lot different from being a CEO!!!

    I love how you all spin things.

    September 29, 2008 01:51 pm at 1:51 pm |
  19. Richard

    MEREDITH VIEIRA, NBC TODAY HOST: About Wall Street. You said you promised to crack down on CEOs who walked away with huge severance packages. And yet the person that up until recently was your public face, really, on your economic policies was Carly Fiorina, she was the former CEO of Hewlett Packard. She was fired in 2005. But she left with a, I think, is a $45 million golden parachute while 20,000 of her employees were laid off. She is an example of exactly the kind of person you say is at the root of the problem.
    MCCAIN: I don‘t think so.
    VIEIRA: The CEO—how can you say that?
    MCCAIN: Because I think she did a good job as CEO in many respects. I don‘t know the details of her compensation package, but she‘s one of many advisors that I have.

    Just another example of McCain being totally unable to tell the truth.

    September 29, 2008 01:51 pm at 1:51 pm |
  20. Tony




    September 29, 2008 01:51 pm at 1:51 pm |
  21. Candy West Virginia

    Listen to Our Children – instead of listening to your rethuglican masters you might want to actually check and take a look at Obama's accomplisments SINCE he's been in the Senate. You will be surprised. Question for you though, I know the rethuglicans tell you what to think but do they also tell you what to wear also or do you pick that out yourself?

    September 29, 2008 01:51 pm at 1:51 pm |
  22. Lone McCain Blogger

    You know what's funny is how McCain gives himself nicknames. I am a maverick. I am a sheriff. I am not miss congeniality! I am a "teddy roosevelt" republican (of course .1% of the population gives a crud about any similarity to TR). He's starting to remind me of George Costanza trying to nickname himself "T-Bone"!!! In the end he ended up w/ the nickname Coco the Chimp!!!

    September 29, 2008 01:52 pm at 1:52 pm |
  23. Bill

    Something tells me that NONE of these people posting here would turn down millions of dollars if they were in a similar situation. What hippocrits.

    September 29, 2008 01:52 pm at 1:52 pm |
  24. Seriously????

    Its amazing to me to still find Clinton supporters ranting and raving here. Let it go, she's history, move one. For someone to say that Obama can only draw crowds by headlining with free concerts is just plain ignorant.

    So whats wrong Hillary supporters? Now that you've seen the fraud that is Sarah Palin, you need another reason not to support Obama? If you are stupid enough to Vote McCain because you are salty about Hillary losing then you'll deserve every bad thing that happens to you if McClown does win.

    September 29, 2008 01:52 pm at 1:52 pm |
  25. As the 'Paign Turns

    How much was Paulson's payoff when he left the corporate world to take over ... um on government?

    September 29, 2008 01:53 pm at 1:53 pm |
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