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Fiorina Departure Leaves 7 Female CEOs in 500
February 9th 2005

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HP CEO Carly Fiorina's surprise departure Wednesday has reduced the ranks of female CEOs in the Fortune 500 to a mere seven, The Wall Street Journal reports.

In a world of companies dominated by the Jobses and Gateses, Fiorina usually dominated 'most powerful business female' lists, a label she personally disliked.

Differences with the board have been cited as the cause for Fiorina's resignation. Insiders view her difficulties in achieving integration of HP and Compaq as one of the board's key grievances.

Furthermore, Fiorina was faced with the daunting legacy of Hewlett and Packard, who came out of retirement and saved the company in the 1990s.

The bitter HP-Compaq merger was opposed by the Packard family, and Fiorina called the final vote, which was in favour by a thin margin, "decisive".

Although Fiorina signed deals on the iPod with Apple, the rebranded iPod hasn't taken off for HP. Moreover, the company has failed to wrest the # 1 PC sales spot from Dell, despite the merger, although it remains solidly on top in its strongest area, printing and imaging.

Analysis: Wait for the book. An Amelio-like "My 500 days", you think? "How I Saved the Company and How They Didn't Appreciate It"?

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