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To: Lazarus_Long who wrote (25340)	11/11/2002 7:00:11 PM
From: calgal	Read Replies (1) \| Respond to of 74559

Former Compaq Chief Front-runner to Lead WorldCom URL:http://www.washingtonpost.com/wp-dyn/articles/A38512-2002Nov11.html By Christopher Stern Washington Post Staff Writer Monday, November 11, 2002; 1:19 PM Michael D. Capellas this morning announced he is resigning as president of Hewlett-Packard Co., stepping down just as he becomes the front-runner in WorldCom Inc.'s search for a new chief executive. Capellas is the former chairman of Compaq Computer and he helped lead the effort to merge his company with Hewlett-Packard. Sources cautioned that while Capellas is the leading candidate of WorldCom's executive search committee, he has yet to meet three members of the board of directors that must approve hiring him. WorldCom filed for bankruptcy in July after revealing a massive accounting scandal. The troubled telecommunications company has been searching for a new leader since September, when the current chief executive John W. Sidgmore agreed to step down under pressure from the company's creditors. Five major creditors, which effectively own WorldCom as long as it is in bankruptcy, sit on the search committee that targeted Capellas for chief executive. Sources say some creditors favored finding an executive from outside the telecommunications industry to send a signal that the nation's second-largest long distance company is taking steps to make a clean break with its tainted past. Brad Burns, a WorldCom spokesman, declined to comment this morning. Hewlett-Packard issued a statement saying that Capellas is leaving the company to pursue other opportunities. "We've reached a natural transition point. Michael made a commitment to see the merger through, and now thanks to the hard work of the entire team, we are meeting or exceeding all of our integration targets," said Carly Fiorina, HP chairman and chief executive, in the statement "I am proud to have been associated with this company and believe -- as I have from the beginning -- that HP is redefining the information technology landscape," Capellas said as part of the same statement. The Wall Street Journal reported this morning that Capellas has emerged a strong leading candidate for the chief executive job at WorldCom. WorldCom's potential gain is Hewlett-Packard's loss. Shares of Hewlett-Packard were down almost 9 percent this morning on the news of Capellas's departure. During his tenure at Compaq, Capellas won praise for restructuring a company that had been hit by a changing computer marketplace. WorldCom also has been hit hard by a changing market in the telecommunications industry that has seen increased competition and dramatic erosion in pricing. © 2002 The Washington Post Company

To: Lazarus_Long who wrote (25340)	11/11/2002 7:10:53 PM
From: maceng2	Read Replies (1) \| Respond to of 74559

I think the highly independent and democratic Iraqi parliament just came down with it's own decision... Message 18220416 This does leave room for a stage managed play where Saadam can go for the magnificient and humble guy of peace and implore his people to stand by UN resolutions -g- Message 18220720 Actually I came back to the UK only in 1996. The new labor lingo was already established by then. The term maybe "examining an issue with joined up thinking" (as in "joined up writing") to mean you think of all the implications. I like the meeting idea for greenie and brown -g-