When executives develop cultural agility--the capacity to recognize, understand, and respond appropriately to various cultures, and to work within those cultures to achieve business results--they massively expand their ability to advance their career.
The histories of the Stanford School of Engineering (where I work) and HP are closely intertwined. Most famously, when Bill Hewlett and David Packard were young guys, they borrowed $500 from Fred Terman, then Dean of the school, to start the company.
After pulling down millions in boardrooms, a number of former CEOs are
spending gobs to get into government: Carly Fiorina from HP spent $5.5
million on the California Senate primary, Meg Whitman from eBay is
making a $119 million bid to be California governor, and Linda McMahon
of WWE pledged $50 million to wrestle her way into the Senate for
Connecticut. Some argue a financial leg up is nothing compared with
political-outsider appeal. "When you have people in Washington for 28
years," Fiorina has said, "how can they possibly know what is going
on?" -- RA
While you were sleeping--and Meg and Carly were toasting their respective victories with something fizzy and intoxicating--the rest of the world was busy at work. Here's what's been going on overnight.
I was on CNBC this morning to discuss our latest candidate for our regular item on CEO's Who've Got to Go, otherwise known as "CEO See-Ya." I must say, much as I enjoy doing the program, I don't necessarily enjoy doing it at 7:30 a.m. One of the few perks of journalism is the ability to start the day hours after all those poor, overpaid executives have started theirs.
So, Hewlett-Packard CEO Carly Fiorina got the axe today. It's worth asking the fascinating question that FC's George Anders posed nearly three years ago: What if Carly were a man? Would (s)he still be CEO? Would HP's board, its directors, and the media have cut a guy more slack? Would the stock be any higher?
Hewlett-Packard announced its lower-than-expected third-quarter earnings and posted an operating loss of $208 million. CEO Carly Fiorina blamed the loss to business server and storage unit and fired three executives, including Peter Blackmore, head of the company's sales arm to businesses.