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To: Victor Lazlo who wrote (115085)1/11/2001 11:19:53 PM
From: H James Morris  Read Replies (2) | Respond to of 164684
 
Victor, I just met Heidi Miller who told me Billy Harmond insisted she go to work for Priceline.com because it had unlimited upside potential! Or was it double-click? Or double-talk? I honestly can't remember.;-)
>Heidi Miller finds life after Priceline
Read other Focus stories

By Adrian Michaels

Heidi Miller has fulfilled her pledge to turn her back on the new economy, announcing on Wednesday that she was joining Marsh & McLennan, one of the world's largest insurance brokers.

The job changes of Ms Miller, 47, once named the second-most powerful woman in corporate America, have become a barometer of the strength of the dotcom world.

Last February she left her post as chief financial officer of Citigroup, the financial services company, to hold the same job at Priceline.com, the online auction company.

The move was seen as a sign of the times - that the new economy was too much of a lure for old-economy talent.

Nine months later it was over. As Priceline foundered, Ms Miller walked, saying she wanted to be in an established growing company.

She echoed those words, saying Marsh & McLennan was "a global growth company whose management, integrity and excellent record of accomplishment I admire".

In her new job, which she starts next week, Ms Miller will be vice-chairman of Marsh Inc, the insurance broking unit of the company. The parent company also operates Putnam Investments, the investment management company, and Mercer Consulting.

John Sinnott, chairman and chief executive of Marsh, said: "Heidi is an extremely talented and motivated executive...she has the right combination of skills and experience in the professional services and financial services industries to make a significant contribution to enhancing Marsh's growth and success."

Ms Miller has had plenty of previous insurance experience, having served as chief financial officer of insurance company Traveler's before it became part of Citigroup.

Ms Miller's entire career has been a somewhat unlikely one - at least based on her background. Now 47, the New York native earned a bachelor's degree from Princeton in 1974, and five years later earned a doctorate in Latin American history at Yale with a dissertation on Argentian labour unions in the days before Juan Peron's rise to power.

But rather than follow her dreams further into academia - the mother of two once told Fortune her ultimate pipe dream is to become president of Princeton - her knowledge led her into a job with Chemical Bank, helping the group restructure its bad Latin American loans.

She would ultimately spend 12 years with Chemical, until takeover talks in 1992 with Manufacturers Hanover Trust prompted her to leave. She became vice president of the financial services group that would become Traveler's Group. By 1995, after Traveler's Smith Barney group merged with Shearson Lehman Brothers, she had become Traveler's chief financial officer.

Ms Miller kept her chief financial officer post when Traveler's merged with Citicorp in 1998 - a stellar position that made her sudden February 2000 departure for Priceline all the more shocking to those who had witnessed her steady rise through the enormous banking group.

As for Priceline, it is still in trouble. It said last month it was taking restructuring charges in the fourth quarter and shedding more jobs.



To: Victor Lazlo who wrote (115085)1/11/2001 11:23:50 PM
From: H James Morris  Respond to of 164684
 
Victor, I just met Heidi Miller who told me Billy Harmond insisted she go to work for Priceline.com because it had unlimited upside potential! Or was it double-click? Or double-talk? I honestly can't remember.;-)
Btw
I own Pcln at a $1.50 and I'm proud of it!!!!
>Heidi Miller finds life after Priceline
Read other Focus stories

By Adrian Michaels

Heidi Miller has fulfilled her pledge to turn her back on the new economy, announcing on Wednesday that she was joining Marsh & McLennan, one of the world's largest insurance brokers.

The job changes of Ms Miller, 47, once named the second-most powerful woman in corporate America, have become a barometer of the strength of the dotcom world.

Last February she left her post as chief financial officer of Citigroup, the financial services company, to hold the same job at Priceline.com, the online auction company.

The move was seen as a sign of the times - that the new economy was too much of a lure for old-economy talent.

Nine months later it was over. As Priceline foundered, Ms Miller walked, saying she wanted to be in an established growing company.

She echoed those words, saying Marsh & McLennan was "a global growth company whose management, integrity and excellent record of accomplishment I admire".

In her new job, which she starts next week, Ms Miller will be vice-chairman of Marsh Inc, the insurance broking unit of the company. The parent company also operates Putnam Investments, the investment management company, and Mercer Consulting.

John Sinnott, chairman and chief executive of Marsh, said: "Heidi is an extremely talented and motivated executive...she has the right combination of skills and experience in the professional services and financial services industries to make a significant contribution to enhancing Marsh's growth and success."

Ms Miller has had plenty of previous insurance experience, having served as chief financial officer of insurance company Traveler's before it became part of Citigroup.

Ms Miller's entire career has been a somewhat unlikely one - at least based on her background. Now 47, the New York native earned a bachelor's degree from Princeton in 1974, and five years later earned a doctorate in Latin American history at Yale with a dissertation on Argentian labour unions in the days before Juan Peron's rise to power.

But rather than follow her dreams further into academia - the mother of two once told Fortune her ultimate pipe dream is to become president of Princeton - her knowledge led her into a job with Chemical Bank, helping the group restructure its bad Latin American loans.

She would ultimately spend 12 years with Chemical, until takeover talks in 1992 with Manufacturers Hanover Trust prompted her to leave. She became vice president of the financial services group that would become Traveler's Group. By 1995, after Traveler's Smith Barney group merged with Shearson Lehman Brothers, she had become Traveler's chief financial officer.

Ms Miller kept her chief financial officer post when Traveler's merged with Citicorp in 1998 - a stellar position that made her sudden February 2000 departure for Priceline all the more shocking to those who had witnessed her steady rise through the enormous banking group.

As for Priceline, it is still in trouble. It said last month it was taking restructuring charges in the fourth quarter and shedding more jobs.