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. Felly

    The McCainnites and their cronies are dropping like flies. Palin may have to call in sick on Thursday.

    Obama for president!
    And I approve this message.

    September 29, 2008 01:58 pm at 1:58 pm |
  2. Edna, VA

    I think Sarah will do a good job because her bar is really, really low. All she has to do is speak in complete sentences and they'll say she won. What a farce.

    My ten year old could win if he went against a seasoned Senator and spoke in complete sentences. The audience will root for the underdog, and the underdog is CLEARLY Sarah-why-did-John-pick-her-Palin.

    Obama/Biden 08

    September 29, 2008 01:58 pm at 1:58 pm |
  3. Cyrus K.

    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
    ---------------------- an informed voter, you should check your facts before accusing the DNC and the Obama camp for things that are simply not true. At no time Jim Johnson or Franklin Raines have "advised" the Obama camp on any of the political matters. Check it out for yourself, and don't listen to the misleading McCain ads. Do yourself a favor.

    September 29, 2008 01:59 pm at 1:59 pm |
  4. check and checkmate

    Has Obama, mentioned his sweetheart mortgage for his 1.3 million dollar mansion. NO? He has be a Senator for how many years and is so dam brillant how come he did not say YES, I'm guilty of influence peddling too. He still is having a hard time closing the deal isn't he, hmmmm, maybe he should come clean with his history FIRST.

    2012 😉

    September 29, 2008 01:59 pm at 1:59 pm |
  5. FreeNLovIt

    September 29th, 2008 1:57 pm ET
    Your comment is awaiting moderation.
    It doesnt matter what Obama and the DONKEYS are going to do. The Donkey TEAM has never recklessly MESSED up an economy and hold the Constitution hostage, to serve a few.

    If you want long-term planning and restore America's greatness, pick Obama.

    If youwant short-sighted planning, restoring only the elites, pick McCain.

    We have given them eight years, and their policies flopped, endangering a whole international-level of economies.

    According to the Bible, God is going to ask you why you didnt treat people fairly.

    September 29, 2008 01:59 pm at 1:59 pm |
  6. Mighty Joe Young

    Fiorina has a point. Neither McCain nor Palin are qualified to run a major US corporation. Neither is Fiorina. We must point out that she was fired from HP. Neither are most of the CEOs who currently running them. Look at the mess they have gotten us into.

    Our business leadership may have an occasional Bill Gates, but those highly capable individuals stand out because there are so few of them.

    If only CEO accomplishment matched CEO self-esteem, the nation would be very prosperous.

    September 29, 2008 02:00 pm at 2:00 pm |
  7. Change..just the SAME

    NOT only Carly Fiorina receiving EXCEPTION and WEALTHY WITH SPECIAL benefits.. Palin depicts herself as a pit bull fighting good old boy politics in her years as mayor she and her friends RECEIVED special benefits. Palin needed to sell her house during her last year as Wasilla mayor, she got the city to sign off on a special zoning EXCEPTION…and did so without keeping a promise to remove a potential FIRE hazard. She gladly accepted gifts from merchants: She asked the City Council to add a friend to the list of speakers at a 2002 meeting…..and then the friend got up and asked them to give his radio station advertising business. She tried to help a neighbor and political contributor fighting City Hall over his small lakeside development. Palin wanted the city to refund some of the man’s fees, but the city attorney told the mayor SHE didn’t have the authority. Her actions after being elected mayor in 1996 raised possible ETHICAL RED Flags.

    Is it true she has a 80% approval rate?

    Obama/Biden 08

    September 29, 2008 02:00 pm at 2:00 pm |
  8. jimmy


    September 29, 2008 02:01 pm at 2:01 pm |
  9. Brook E. Mantia

    I'm glad they finally said something about that. Bunch of greedy pig incompetent executives. I hope they all end up in the street. See how they like it.

    September 29, 2008 02:01 pm at 2:01 pm |
  10. Tainopower

    Is obama not guilty in that area? Don’t forget obama campaign has 3 people in the campaign from mac and Freddy and there not poor they make lots of money from this fail mortgage companies.

    September 29, 2008 02:01 pm at 2:01 pm |
  11. Josh

    People say Obama is not a leader or does not demonstrate leadership traits. Well here are some definitions of leadership:
    1. Influencing and directing the performance of group members towards the achievement of organisational goals.
    2. The ability "to get people to follow voluntarily."
    Obama embodies these traits, so to say that he is not a leader because he puts out a suspect ad is erroneous. I might be able to accept a comment that he displayed poor judgement, but not poor leadership. Some folks on the McCain side need to differentiate and understand what the art of leadership is before making false claims.

    September 29, 2008 02:01 pm at 2:01 pm |
  12. skip

    Clinton Fringer,

    If you want to keep believing the malarchy about 75,000 people coming out to see a talented but little-known indy rock band (instead of Barack Obama), that's fine.

    There was no rock concert in Springfield, Illinois on the last Saturday in August - just 90-plus temperatures, high humidity and a blazing sun - and Obama and Biden still drew 35,000.

    By the way, which rock concert is helping Obama pull away in both the polls and the Electoral College?

    September 29, 2008 02:01 pm at 2:01 pm |
  13. voter

    Team America

    It is not a low blow. It is showing the hyprocricy of the republican party. The economy is in a mess because of the republicans deregulating the markets. While the banks are being merged or become crash the ceos continue to get their golden parachuetts and their bonuses while the average worker loses everything. It is not fair and people need to be reminded of the republicans continuing to be for the rich. Republicans still are running on more deregulation although McCain says he is for oversight he continues to want deregulation including healthcare. They also want to continue the taxes for the rich. It is time to call out the two faces of the republicans.

    September 29, 2008 02:02 pm at 2:02 pm |
  14. Fran, VT

    If McCain wins this election than America will deserve it. Americans will have a president who won't look at them, will stomp out when reporters ask him tough questions, will dismiss questions, will not feel the need to understand people who have one home, and one car, will veto every bill that benefits soldiers, and will continue to wage war on practically everyone. If you've enjoyed the last 8 years, fasten your seatbelts because the next 4 will be great.

    Obama/Biden 08
    The sensible choice.

    September 29, 2008 02:02 pm at 2:02 pm |
  15. Bonginkosi Zulu

    It would be best for Senate McCain to reliase that its over, the is no way he is going to win this election special with his lack of Economis experience . America is facing a very Serious problem and the people are not willing to gamble on this one as they have done with previous Election, they want somoene to get them out of the situation they are facing at the moment, its he is not the right candidate for that.

    September 29, 2008 02:02 pm at 2:02 pm |
  16. Kelby from Houston, TX

    Get'em dogg get'em!!! Have you noticed how Obama sticks to the issues affecting America while McCain is trying to destroy his opponent?
    And how many times did Obama say "That's not true" during the debate? If you stick to the issues, the Democrats would win everytime. If you look at the record you would see that the Democrats do a better job governing America. We should all be voting for Democrats.


    September 29, 2008 02:02 pm at 2:02 pm |
  17. leapfrog

    I love it. When confronted by a truth...McCain employs those who have profitted by the economic meltdown...McCain supporters don't DENY the allegations, they try to shift focus away from the facts by stating Obama's got CEOs on his team. Address the issue: Is McCain's campaign staff littered with corporate insiders or not? What's your answer: yes or no? I can't hear you McCain it because the answer is yes? Then deal with it. McCain is for the corporate CEOs. He advocates trickle down economics (which has NEVER worked with ANY of the Republican administrations). Deal with it. Vote Obama.

    September 29, 2008 02:03 pm at 2:03 pm |
  18. SarainDallas

    I think these negative posts by so called Clinton Supporters are all lies. They repubs in disguise!
    I supported Hillary and I still support the Clintons.
    But now I proudly give my VOTE TO OBAMA.BIDEN.
    And so do do many other Clinton supporters.

    September 29, 2008 02:03 pm at 2:03 pm |
  19. Pissed Off Jack

    What the hell is wrong with Obama? Why would he do such a stupid thing as put this ad on when one of his advisors is Rubin. Tech companies have less to do with this mess than Rubin's Citigroup and all its bad CDO. How much did Rubin make over the last several years, $150 million? What kind of advice was he giving when he was advising Citigroup and yet he's still at the firm.

    September 29, 2008 02:03 pm at 2:03 pm |
  20. Vegas

    Well... if you can get that kind of pay out... good for you...

    Like anyone here would ever say... nahhh... you guys keep it...

    September 29, 2008 02:04 pm at 2:04 pm |
  21. Rob

    Hmmm, that's about 50 million less than Raines got before he sent Fannie Mae (and as it looks now, the economy) spiralling to a crash.

    See Carla, if you coulda just tried to get that extra 50 mill, then Barry would have been courting you for his side. But, looks like you weren't enough of a criminal sneak. Maybe if you woulda been good friends with Oprah, Rep. Frank, or Senators Dodd and Schumer.

    Vote Obama/Biden, and continue the crash course America is bound for.

    Dems are the ones who tanked any chance of recovering. And typical Dem fashion, they point the finger and blame others. Just like the spoiled little babies they are. And those of who dim enough to blame the Republicans just show how much intelligence you do lack.

    September 29, 2008 02:04 pm at 2:04 pm |
  22. Chuck

    Don't drink the cool aide. Carly Fiorina was elected to her position by a Board of Directors, who also approved her salary, who also approved her severance package. I understand the message, but there are countless CEOs (Republicans and Democrats) that are being paid this much money. To single Fiorina out is a low blow. To single her out shows a lack of leadership, and demonstrates a distinct difference between preaching about change, and actually providing change. Actions speak louder than words.

    September 29, 2008 02:04 pm at 2:04 pm |
  23. bigmike

    In a widely-circulated interview, Matt Damon said of Palin, "I need to know if she really think that dinosaurs were here 4000 years ago. I want to know that, I really do. Because she's gonna have the nuclear codes."

    September 29, 2008 02:04 pm at 2:04 pm |
  24. John in Ohio

    "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."

    And she would know!

    September 29, 2008 02:05 pm at 2:05 pm |
  25. Babs

    The whole parachute angers me. We are all raised to work hard and you will be rewarded for GOOD work. We are now setting the standard that taking a company under and make it attractive for purchase, is a job well done.

    Since when have Companies become a 'good' to be purchased? Why are CEOs being rewarded for making companies that are financially unstable and attractive for purchase?

    The bail out is still going to have these parchutes in them. But somehow the hard working americans are supposedly being protected. Finally, don't be fooled that the companies that will get the bail out won't cut jobs. They will, the bailout is not going to fix greed! The president is full of it to say that it will save won't. They still will get cut so the CEOs can make even more!

    September 29, 2008 02:05 pm at 2:05 pm |
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