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...last place Carly Fiorina expected to be last Wednesday was home. A hard-driving, jet-setting business titan, the CEO of Hewlett-Packard had a packed calendar that week, including a meeting with President Bush. She had recently returned from the World Economic Forum in Switzerland, where she always loomed large, even at an event stuffed with corporate Pooh-Bahs and heads of state. Now, holed up in her Los Altos Hills, Calif., home and protected by three security guards, she fielded e-mails from well-wishers and contemplated her next career move--just like so many other cashiered Silicon...

Author: /time Magazine | Title: Why Carly's Out | 2/14/2005 | See Source »

...consummate celebrity CEO--right up until her final moment. Just a few weeks ago, the Hewlett-Packard board rapped her on the wrist for the company's dismal performance and ordered her to give some control of HP's four key divisions to line executives. Outwardly, her ever-confident manner gave no hint of the humiliating demotion, even after the reorganization leaked to the press. But charisma and confidence can go only so far. On Feb. 6, board members held an emergency meeting at an O'Hare Airport hotel. The next day they asked her to step down...

Author: /time Magazine | Title: Why Carly's Out | 2/14/2005 | See Source »

...board of directors at Hewlett-Packard had admired many things about their star CEO. Asked to bring change to the doddering Silicon Valley giant, she pursued the task fearlessly, her efforts culminating in a controversial merger with Compaq. Asked to inject pizazz into HP's pedestrian marketing, she overhauled it right down to the corporate logo. Asked to create a strategic vision for a company that had none, she came up with dazzling insights into "transformational trends" and a hyperdigital future in which HP would serve consumers and corporations at every stage. But the board ultimately concluded that Fiorina...

Author: /time Magazine | Title: Why Carly's Out | 2/14/2005 | See Source »

...certain respects, Fiorina did exactly what she had been asked to do. Hewlett Packard is Silicon Valley's alpha company, founded in a garage by Bill Hewlett and Dave Packard in 1938, when the area had far more peach trees than programmers. HP first produced oscilloscopes, then expanded to other testing and measuring instruments. It was a pocket-protector paradise, its culture defined by the HP way: paternal, collaborative, entrepreneurial, community minded and inconspicuous...

Author: /time Magazine | Title: Why Carly's Out | 2/14/2005 | See Source »

...Kodak's transformation soon after he took over in 2000, placing people from digitally dominant companies like General Electric and Lexmark International into top management posts. After his first COO, Patricia Russo, left to head up Lucent, he replaced her in April 2003 with Antonio Perez, 59, a former Hewlett Packard exec who had nursed its printer division into a $10 billion dynamo. "I think people will have more confidence in this strategy if they know Antonio is actively involved," says Carp, laughing...

Author: /time Magazine | Title: Getting Kodak To Focus | 2/7/2005 | See Source »

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