From the Jul 26, 1999 Sound Off ColumnLast Friday, everyone who read the New York Times business section discovered how little faith the world has in the ability of a CIO to lead a large corporation. The reaction, in the Times and other major newspapers, to Compaq's appointment of Michael Capellas as its new CEO, was anything but encouraging. Analysts, the papers reported, were "skeptical" and "disappointed." They bemoaned Capellas's "lack of star power," and they speculated that with Compaq's executive turmoil, declining market position, and Chairman Ben Rosen's reputation for back-seat driving, the board couldn't find anyone else for the job. Desperate, reporters suggested, Rosen turned to a CIO. Even Wall Street offered up a lackluster reception to the news with a one dollar dip in Compaq stock. Are the analysts right? Is a CIO the read more »