Fiorina lends campaign $2.5 million
From AP News | 2010-01-11 20:47:58
<div id="subtitle">Former Hewlett-Packard CEO makes significant personal investment into US Senate bid</div><div><p>Former Hewlett-Packard CEO Carly Fiorina lent $2.5 million of her own money to her campaign for the Senate, an indication she's willing to invest significant personal resources to unseat Democratic Sen. Barbara Boxer.</p><p>Fiorina also raised nearly $1.1 million in donations during her first two months in the race. After expenses, that gives her about $2.7 million going into 2010, according to her campaign.</p><p>Fiorina hopes to give California's junior senator her most formidable re-election test, but she will have to survive what could be a challenging Republican primary against state Assemblyman Chuck DeVore.</p><p>Fiorina has been vague about how much of her family's money she would put into the race, saying she had no plans to fund it herself. She ran Hewlett-Packard Co. from 1999 to 2005. She officially entered the race in November.</p><p>She unveiled a summary of her fundraising to date, but not the entire report covering 2009, which is not due until Jan. 31.</p><p>"This is a pivotal time both for California and for the nation, and I am dedicated to the task ahead and in this race to win," Fiorina said.</p><p>Fiorina is expected to have a clear financial edge against DeVore. Still, she has a lot of work to do to catch up with Boxer, a three-term senator who had nearly $6.4 million in the bank at the end of September. The Boxer campaign said it wasn't ready to release its fundraising totals.</p><p>"Whether the Republicans nominate Carly Fiorina or Chuck DeVore, we are preparing for a tough and expensive race," said Rose Kapolczynski, a spokeswoman for the Boxer campaign.</p><p>The DeVore camp also wasn't ready to release final numbers for 2009. The campaign had about $145,000 in the bank at the end of September, but a campaign spokesman said Fiorina's totals were not intimidating.</p><p>"This morning's announcement from Carly for California is not alarming in the slightest," said Joshua Trevino. "It's actually good news when you dig into the numbers."</p><p>Trevino particularly pointed to $830,000 in operating expenses, which he said has not allowed Fiorina to distance herself from DeVore. The GOP primary will take place in June.</p><p>(This version CORRECTS DeVore figure to $145,000 instead of $171,000.)</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=66720841&bid=informcom" /></div><div id="copyright"><div>
Copyright 2010 <a href="http://www.ap.org">AP News</a></div></div>
Related Video by 5min
Related Articles
- Dodd bill punts on strict rules for brokers San Francisco Chronicle | 2010-03-20 16:43:30
- 4 Pretty Stocks in Ugly Places MSN Money | 2010-03-20 08:30:42
- Active money management or buy and hold? Yahoo! Finance | 2010-03-20 07:58:00
- Rebalancing is a balancing act GulfNews, United Arab Emirates | 2010-03-19 16:39:54
- What Wall Street Doesn't Want You to Know About Fiduciaries MSN Money | 2010-03-19 15:54:30
- A Big Upgrade for Shanda Games MSN Money | 2010-03-18 16:41:46
Related Blogs
- Six Deadbeat Stocks to Clean Out of Your Portfolio Blogging Stocks | 2010-03-20 10:04:10
- ETFs and high frequency trading? Hegde Fund | 2010-03-18 19:25:42