Fiorina: Sometimes Business Is Its Own Worst Enemy

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Aug. 22 (Bloomberg) -- Former Hewlett-Packard CEO Carly Fiorina discusses her role at Good360 and her political views. She speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

Good360. she joins us now from washington dc to tell us about this venture.

Explain, what is good360? probably the largest nonprofit you have never heard of.

We're the largest product donation market place in the world.

I came across them while i was at hewlett-packard and we were designing an employee giving program.

What we do is take excess inventory from companies in the fortune 500 and ensure that they are distributed to deserving charities.

We have the electronic marketplace, we design employee giving programs, but we handle the vetting of the charities, the logistics, distribution, warehousing.

We have a very sophisticated technology platform.

Companies get a tax write-off that means that donating inventory is the most cost effective, the best online decision they can make.

It is better than junking it.

It is better than putting it in a landfill where too much inventory still goes.

It is the best option for their bottom line and it helps people in need.

Whether it is hewlett- packard or home depot or bed bath and beyond, these are all companies that are engaged in allowing us to help their inventory find a good home with people in communities who need them.

These are private sector companies.

I am wondering if you can connect that with , i know you run for the senate in california.

I am wondering if you can connect this to what the private industry can do to solve issues that congress seems unable to come to some conclusion on?

Let's start with immigration reform.

I am actually hopeful that we will finally come forward with an immigration reform plan that will work.

I know how many times i went to congress and asked for a visa ceilings to be lifted.

That is a ridiculous situation.

Politically speaking, i think to get immigration reform through, it will have to be something that is neither pushed to far left or to far right.

That is a difficult thing to do.

I think there is agreement, broad partisan agreement that our current immigration system is failing and that we need to reform.

Back to your opening comment, one of the reasons people -- people ask me all the time, are you a conservative?

I am a conservative because i think big government solutions don't work.

We have loads of evidence of that.

We have a fully large amounts of evidence that if you can decentralize decision-making, put more problem-solving ability in the hands of communities and companies and states, we end up with a better answer.

It is not to say that government has no role.

It has a very important role.

When you think about today or tomorrow, the president rolling out a plan to rate colleges question mark i don't think that will be more effective than parents and their children having information provided by the private sector on the kind of value proposition that a particular college provides.

If you had to put a number on it, a scale of 10 for yes and 1 for no, is there a chance that your political life will be resuscitated?

Never say never, i don't have any current plans, but on the other hand, i remain politically active.

Let's put it at a five right now.

How is that for a swishy answer.

In between.

Last point, is there an opportunity that you would see for private sector companies to change not only the made in usa profile, we were talking about that earlier with walmart, but to change the way that compensation is determined?

You have situations where chief executives lay off thousands of people and basil -- they still seem to be making a lot of money.

I have said publicly on other occasions that sometimes business is its own worst enemy.

When you have chief executives making the kind of money some are during difficult economic times for their employees, of course that is going to create frustration and anger and discussed.

It should.

The answer to the most of these problems is accountability and transparency.

I think shareholders should vote on every executive pay plan.

That plan should be tied to very clear message tricks -- metrics of performance.

Or should the ongoing reporting.

A compensation committee shouldn't go off in a corner and present something after the fact.

Shareholders ought to be actively engaged.

I think chief executives of all companies, executives of all sorts whether in business or government, need to understand that what they do, how they are paid is an important part of people's trust in these institutions.

When boards allow their companies to require a taxpayer bailout, those boards should resign.

They have failed in their most basic duty.

I'm a big proponent of business, but i think business frequently is its own worst enemy by being tone deaf about how their

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