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Posts Tagged ‘Fiorina’

Carly Fiorina has no problem blasting President Obama for the Iran deal on national TV during the debates. She also had no problem selling HP equipment to Iran bypassing the sanctions when it suited her and her company.

Sales to Iran despite sanctions

Under CEO Carly Fiorina, HP sold over $120 million worth of its printers and computer products to Iran through a European subsidiary and a Dubai-based East distributor, despite U.S. export sanctions prohibiting such deals imposed by Bill Clinton’s executive orders issued in 1995. The story was initially reported by The Boston Globe, and it triggered an inquiry by the SEC. HP responded that products worth US$120 million were sold in fiscal year 2008 for distribution by ways of a company based in the Netherlands, Redington Gulf, and that as these sales took place through a foreign subsidiary, HP denied violating sanctions.

HP named Redington Gulf “Wholesaler of the Year” in 2003, which in turn published a press release stating that “[t]he seeds of the Redington-Hewlett-Packard relationship were sowed six years ago for one market — Iran.” At that time, Redington Gulf had only three employees whose sole purpose was to sell HP products to the Iran market. According to former officials who worked on sanctions, HP was using a loophole by routing their sales through a foreign subsidiary. HP ended its relationship with Redington Gulf after the SEC inquiry.

— Wikipedia

If she really thought Iran was such a terrible threat to the world, why did she sell $120 million worth of high tech equipment to that evil nation?

Where is her patriotism?

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