Absolutely true. The majority of the Xerox VPs are either narcissists or have the 'we fooled them again' attitude, looking to hide and keep drawing their bonuses. Not one is a leader by any definition.
And the worst part is they call the shots on direction and who is of value with no checks and balance in place. (Seen too much MBA - management by avoidance, and targeting good workers who they dont like or can do their job as non-VPs. They are all about THEIR title).
That said the top heavy structure Xerox continues to carry will be their downfall.