John Visenten just hired a COO. Pay attention to his opening remarks:
"I have spent a considerable amount of time listening, learning and studying Xerox. To be more responsive to our customers and bring value to our shareholders, we need clear accountability for results, and we need to simplify how we work and how we are organized. "
Translation: Gotta keep shareholders happy. You better deliver tangible results, simplify (flatten)the organizational food chain and get rid of non-essential tasks or else your salary goes to the chopping block so we can pay the shareholders dividends.
I sense a November massacre - just before mediocre 4th quarter results are announced. Keep socking cash away for a rainy day.