Xerox CEO: The good times are really over for good
Here is a bit from Meet the Press from May 31 (pointed out by David Henderson) where David Gregory interviews a gloomy Anne Mulcahy, CEO of Xerox:
MR. GREGORY: So when there is recovery, Anne, what is the new normal? What does the new economy look like? How is it different?
MS. MULCAHY: Well, I think it’s slower growth. I think that, you know, we’ll all be living in a world where perhaps the capacity that got created in the last decade is not coming back as quickly.
MR. GREGORY: Meaning we talk about–is wealth going to return?
MS. MULCAHY: I think wealth does return.
MR. GREGORY: To the levels that we’ve experienced it?
MS. MULCAHY: Not to the levels we’ve experienced it.
MR. GREGORY: Right.