You would have made a terrible HP executive. Maintaining and growing a profitable business gets you nowhere--no one wants to make a person like that CEO of a smaller company.
You gotta shoot for the moon and miss, and fail upwards slightly. Succeed, and you fly upwards to CEO of a large company. Most silicon valley CEOs just got lucky at some point in their life. Too bad luck doesn't repeat like skill.
And there's no way Intel would have bought PA-RISC. They needed the cover of developing something new. Basically, any deal with Intel would have gone badly for HP, and many at HP knew it. It was a short term boost (before IA64 shipped) at the expense of long-term business. Intel at the time wanted to go after the RISC server market, they wanted some of that money for themselves, by creating chips that they could sell to HP competitors to keep HP under control. If IA64 took off, it still would have gone badly for HP, in that HP would have more competitors than ever selling the same chips they were. At least IA64 now is squarely aimed at expensive servers, and HP doesn't have many IA64 competitors.
Lots of people think IA64 was just a big fiasco done by stupid people. It was a smart ploy to crush Unix servers by Intel (who would have been happy if IA64 worked as well, so win-win). On that score, it was very successful.