Xerox CEO: The good times are really over for good

June 8, 2009

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.

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