It’s Stories like These That Reinforce Myths like “Boardroom via the Bedroom”
August 30, 2010 | Comments | Uncategorized
Sadly, there are many such stories from which to choose. But two hit me especially hard in the last month. One because I attribute much of my business success to the training and experience I had as an employee, and the other because it did the same thing for my husband’s career. The two have long been competitors in the marketplace and their values often debated in our household. Even though I haven’t worked for IBM for two decades, my husband still says that my blood runs blue. That is okay, because I am sure, a decade after he left his long-time employer, he still runs business and ethical decisions by “Bill and Dave,” the much loved, family oriented founders of HP and the HP Way. Both companies espoused and seemed to demonstrate values like integrity, the family, and the Puritan work ethic. (If you don’t know that term, ask a Boomer or a fifth grader studying American history, that is if the concept hasn’t been “revision-ed out” of the history text.) So imagine my dismay, when I learned that Mark Hurd, the HP CEO, had left his job suddenly under investigation of sexual harassment and inappropriate contractor payments and that the next in line for the CEO of IBM had left abruptly under accusations of involvement in the Galleon hedge fund insider-trading scandal and a questionable relationship with a blond bomb shell, who also, apparently, has a great brain.
How does the old saying go…behind every good man, there is an even better woman? Is the converse also true? That might have been a good subtitle for the July 26, 2010, Fortune cover story (also on line at http://money.cnn.com/2010/07/06/news/companies/ibm_insider_trading.fortune/index.htm). Bob Moffat, by all accounts, a good father and husband and a likely candidate to succeed his good friend, Sam Palmisano, as CEO of IBM, had reached the pinnacle of a sterling career. No matter what Big Blue asked of him over 30+ years, Moffat had delivered. Enter, beautiful younger woman. Danielle Chiesi, whom Fortune describes as a blond, blue-eyed, petite, beauty queen, a force of nature, changed Moffat’s career aspirations almost over night. And his life, too. In an interview with Fortune, Moffat said, “The biggest thing I’ve lost is my reputation.” When asked about his relationship with Chiesi, Fortune reported that he said, “Everyone wants to make this about sex. Danielle had an extensive network of business people. And she added clarity about what was going on in the business world…I know in my heart what this relationship was about: clarity in the business environment.” To which, the Fortune interviewer added, “He may even believe that.”
On the heels of the IBM story, we learned that Mark Hurd, the man who has led a strong recovery at HP since 2005, was stepping down under accusations of misusing company funds potentially involving a female contractor (http://www.businessweek.com/news/2010-08-07/hp-chief-executive-hurd-resigns-after-sexual-harassment-probe.html). The stock plunged another 10%. At our house, we admired Hurd who seemed to be a no-nonsense, low profile, get-it-done CEO. We appreciated what he did for the company’s reputation and capture of its leadership position in the PC market and number 2 behind IBM in the services market. I was dismayed to hear the news. All I could think of was, “What in the world would Bill and Dave say now?” How utterly destroyed they would be!
I have two questions. First, why is it that power and success so often lead men to corruption and/or sex scandals? Is that a guy thing? Think about it, how many ranking women do you see in the news in similar situations to these guys? Do the women just cover their tracks better? Or do power and success simply lead women to different kinds of temptations? Second, why can’t bright women like Chiesi use their physical and mental gifts for good and not for evil…to achieve success the old fashioned way…by doing honest work for it!
Can anyone help me answer these two questions? I would love to hear from you. Maybe the original title of my book had some truth to it…”Woman on Top: Climbing to the Top of the Sales Game.” Now you know why we DID NOT use that title!
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