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锘? She was never groomed to be the boss. But Anne Mulcahy is
bringing Xerox1 back from the dead2. Moments before Anne Mulcahy's annual
meeting began Cheap Markus Golden Cardinals Jersey: Womens Authentic Markus Golden Jerseys & T-shirts ,
one of her board members did something that rarely, if ever, happened during the
endless business inferno3 at Xerox. Something that three years of debt
downgrades, sunrise conference calls with the auditors, missed Junior High ball
games, constant layoffs, and always, always, the threat of bankruptcy had not
done: He made Mulcahy cry. The director was John Pepper, former CEO of Procter
& Gamble. " I never thought I would be proud to have my name associated with
this company again Cheap Larry Fitzgerald Cardinals Jersey: Womens Authentic Larry Fitzgerald Jerseys & T-shirts ,"
he told her. "I was wrong. "

At almost every turn, Mulcahy had to ignore
conventional wisdom. 4Xerox is an old-fashioned company, the sort of place where
workers still have retirement parties and retirees Tag Heuer Replica
Watches(http:www.bestwatches4utag-heuer-c-444) still have reunions. The average
tenure of a Xerox employee is 14 years, double the overall corporate average.
When the CEO of one of Mulcahy's biggest lenders said she would have to kill the
culture5 to succeed, Mulcahy shot back, "I am the culture. If I can't figure out
how to bring the culture with me, I'm the wrong person for the job. "

If Mulcahy ever thought bankruptcy was an
option http://www.teamcardinalsstore.com/c-26-c…ley-jersey.aspx ,
she never let on9. She dug in her heels every time the workout advisors brought
it up. " A lot of people will try to convince you that there are advantages to
Chapter 11," she says. " I was like, ' Don't even go there. ' Whatever you think
the advantages are from a financial standpoint, I think they are dismal and
demoralizing for a company that wants desperately to turn around and regain its
reputation. " Joe Mancini says some of the early meetings got so tense that he
thought the workout experts might "go away and not be our advisors." Basically,
he recalls, they didn't think Mulcahy had the balls to take the draconian
actions needed to keep Xerox afloat.10 But she did. In June 2001 she shut down
the desktop division; these were people she had hired and a business she had
created. " There was no good script," she says. "The company was in a lot of
trouble. They weren't the ones accountable for the problem. You couldn't follow
a string of logic for them." The only thing she could do, she says, "was to take
the hit personally. I hung out, walked the halls Cheap Kurt Warner Cardinals Jersey: Womens Authentic Kurt Warner Jerseys & T-shirts ,
and told them I was sorry."
hat does it take to get a smile
out of these guys?" she asked, taking her seat. Between clenched teeth the
banker next to her replied: "Seven billion dollars. "

She also resolved
Xerox's accounting scandal. Soon after becoming CEO, she replaced her auditors
and cleaned house in the finance department. In April 2002, Xerox agreed to a
record $ 10 million fine to settle charges that it de-fraudedlO investors by
improperly accelerating revenues, overstated earnings by using "cookie-jar"
reserves, and disguised loans as asset sales, among other things. The SEC also
rebuked the company for being uncooperative. Xerox did not admit or deny
wrongdoing, but the settlement pained Mulcahy. She says she was never
questioned Cheap Kevin Minter Cardinals Jersey: Womens Authentic Kevin Minter Jerseys & T-shirts ,
subpoenaed, or deposed by the SEC11, bd Hublot Replica
Watches(http:www.fashion-replicaGoodsBrandHublot-44) has been named as a
defendant in several shareholder lawsuits. (In early June foff (Xerox laid o the real one).
Beer? Wine? Soft drinks?" she asks, handing out napkins. * cook more here than I
do at home," she adds.

All companies go through cycles Cheap Kareem Martin Cardinals Jersey: Womens Authentic Kareem Martin Jerseys & T-shirts ,
but only great companies come out stronger. Mulcahy's goal, having brought Xerox