Great choice for IBM.
But for HP ? No way... she is the type who understands the internal IBM world very well... but wouldn't fit in any another company. Probably that should be the plan on how CEOs should be picked - especially when everything is running smoothly.
Going [OT]:
What if things are not running smoothly ?
Plan A: If staggering growth is your concern, find a charismatic, young exec internally who is known for vision & drive, even if that person is short on experience. Or an internal S.O.B bean counter for a brief period if managing costs is your concern (mark hurdesque but on a 1 year tenure).
Plan B: If company is in a rut, get a back an ex-employee who has seen the world on the outside but still understands the internal character of the company.
Plan C: If you truly want to re-invent your business - acquire a smart, forward looking company and direct funds to that business. Ensure the CEO of the smaller company is groomed to lead the larger business. You simply can't re-invent yourself just by hiring a big shot CEO who can cash out within an year.
And how not to pick a CEO ?
Ask HP & Nokia who seem to have a fetish for "outsiders" who push a unidimensional plan down the companies throat.....
1) Carly: I love making big deals.. its so sexy! so celebrity like! (PS: I don't like dealing with the aftermath... where is my tiara?).
2) Hurd: cut cost - it works in short run. (PS: my bonus is my shares.. which will go up in the short run. I win! I WIN!).
3) Leo: go software becoz thats all I know!!! (PS: I didn't hire myself.. much like Sarah Palin didn't nominate herself).
4) Elop: I love M$! (PS: suck this Nokia!!! Wait.. what you pay my bills ?? Hmm... so what! I still love M$.. always will!)