What about Carly ?

One year after HP ouster, Carly Fiorina has a new life CIRCLING THE GLOBE FOR $50,000-PLUS SPEECHES

San Jose Mercury News / Feb. 9, 2006
By Nicole C. Wong

Toppled from her perch as one of Silicon Valley's most powerful women one year ago, Carly Fiorina has put together a new life that retains some of the trappings, if not the influence, of an elite corporate insider. Since Hewlett-Packard's board showed her the door, the ousted chief executive has been crisscrossing the globe -- and commanding big bucks -- speaking about how to be a good leader. In lots of little ways, Fiorina's past year has been about trading places. Her glory may be fading on the West Coast, but rising on the East Coast. HP removed her portrait from the lobby of its Palo Alto headquarters. But the University of Maryland -- where Fiorina earned her MBA -- hung one up in its Alumni Hall of Fame.While she and her husband still own a Tudor-style mansion on a 2.63-acre lot in Los Altos Hills, they bought a Georgetown condo in Washington, DC, for $3.6 million in May. And instead of leading Silicon Valley's legendary hardware company from the chief executive's seat, Fiorina is serving on the board of directors of two Washington-area companies: Cybertrust, a privately held information security firm, and Steve Case's Revolution Health, a venture that funds companies offering more choice in customer health care services.Slowly, she's been admitting some mistakes she made while at the helm of HP. But not many. And she remains resolute in her public speeches that the biggest and most bitterly fought decision of her HP tenure -- to merge the company with Compaq Computer -- has proved a success.

``I would do the merger all over again,'' Fiorina told more than 600 people who packed a Los Angeles ballroom to hear her October keynote address at the Internet Telephony Conference and Expo. ``I think the merger has been a resounding success.''As Fiorina, 51, has traveled the international corporate speaker circuit since she left HP, she's kept a low profile and shunned media attention. Her spokeswoman kept a reporter away this week, saying Fiorina is busy writing a candid book about her career, due out in September, and is about to travel abroad for two weeks.Speculation was once rife that she would take a high-profile government or public-service post. For a while she was rumored to be a candidate to head the World Bank, but that job went to someone else. Since then she's settled into the life of a former corporate executive in demand for convention keynotes.Her comments surface sporadically from reports around the world of her occasionally frank speeches.After giving an October keynote in Singapore on the essentials of leadership, Fiorina told the audience at the Asia Business Leaders Forum that while at HP she underestimated some people and overestimated others, according to two newspapers in Singapore. She also said she had not prepared people for the magnitude of the problems associated with the Compaq merger, which was completed in 2002.One industry analyst, Rob Enderle, said Fiorina's key flaw was misjudging people. She erroneously believed in the abilities of some people she picked as lieutenants but blew off powerful people like William Hewlett, the son of an HP co-founder who waged a publicly messy proxy battle against the merger.She also failed to build a solid group of supporters at HP. ``She thought she could dictate loyalty,'' Enderle said. ``She didn't have to build it.''But Fiorina isn't staying home to pout in her gated Los Altos Hills home. She'll be jetting off -- as was her style while still CEO -- to Australia and New Zealand to speak, again, about leadership at the Global Business Forum conferences starting Feb. 22.She'll be hobnobbing with other wealthy and well-known -- albeit unemployed -- ex-chief executives speaking at the event: Disney's ex-CEO Michael Eisner, Asimco Technologies' ex-CEO Jack Perkowski, and former U.S. President Bill Clinton.

Conference organizers will pay more than $50,000 for her hour-long leadership talk and question-and-answer session. That puts her in roughly the same league as Donald Trump, NFL Hall of Fame Lineman Howie Long, and Duchess of York Sarah Ferguson -- who are among the two dozen speech-makers available through the Washington Speakers Bureau for at least $40,001 a pop.Enderle, the industry analyst, thinks Fiorina's new focus as corporate board member makes better use of her talents.``She has amazing vision,'' Enderle said. As HP's CEO, ``her problem was she was not operationally oriented.'' But he added, ``On a board, she could be a relatively good asset.''Fiorina is also an impressive speaker, one of the few who rivals Apple Computer's Steve Jobs, Enderle said. And people will come to see the first woman to run one of the largest 20 U.S. companies, even if she did disappear from Fortune's list of 50 most powerful women in 2005.

Rich Tehrani, who snagged Fiorina to speak at the Internet conference last fall, said she seemed unpretentious and approachable when he called to arrange the appearance.``She wanted to make sure we didn't call her the most powerful woman in the world,'' Tehrani said. ``She seemed beyond humble. She's put on this pedestal by so many people, and yet is more humble than the person sitting next to you.''``Maybe that has to do with not working,'' he mused. ``Retirement may relax you to such a degree that you're not stressed out anymore.''

HP reports first quarter 2006 results

"Growth was balanced across most of our businesses and geographies, cash flow was strong and we were disciplined in controlling costs. While hard work remains ahead of us, our efforts are starting to show results." (Mark Hurd)

Click on the title to learn more

"HP Smells The Team Spirit ! " (Forbes)

Mark Hurd has made eight executive hires since last June, and so far, the new faces have done wonders for the company's spirit, according to Bear Stearns analyst Andrew Neff.

"It appears that CEO Hurd is assembling an impressive team of executives from the outside in key management roles," wrote the analyst in a recent report. Examples of recent hires include former CEOs of Palm and Vignette

This is in contrast to prior leadership at HP, which were mostly internally supplied. "It corroborates our view of a renewed sense of vigor and competitive spirit at HP," Neff said. The analyst believes HP represents a turnaround story, not a growth story.

"It will need to develop growth engines as the cost story matures," Neff said. "However, investors often miss viable turnarounds as they seem too expensive for value players."