2. Ursula Burns has just the right dna at the just the right time. Anne Mulcahy had just the right dna when the company was deep in debt and had big legal problems. It's taken 7 years to fix that. Nice job! But now the game has changed. Now the game is about engineering and logistics. Less about the blablabla to keep wall street happy.
3. I think this is going to be a V shaped recovery. That's what happened in 1907. That's what happened in 1932. I can't see why it won't happen now.
4. Trading carbon caps is going to replace trading mortgage based securities. It gets the incentives nicely aligned. With the new regulations, it should keep funny money to a minimum at least for ten years or so. Once the funny money is under control, it's easier to break through the noise to get some signals about what's going on.
From Xerox PR
And this from Seeking Alpha
Burns joined Xerox in 1980 as a mechanical engineering summer intern and later assumed roles in product development and planning. From 1992 through 2000, Burns led several business teams including the office color and fax business and office network printing business. In 2000, she was named senior vice president, Corporate Strategic Services, heading up manufacturing and supply chain operations. She then took on the broader role of leading Xerox's global research as well as product development, marketing and delivery. In April 2007, Burns was named president of Xerox, expanding her leadership to also include the company's IT organization, corporate strategy, human resources, corporate marketing and global accounts.
Burns earned a bachelor of science degree from Polytechnic Institute of NYU and a master of science degree in mechanical engineering from Columbia University. She serves on professional and community boards, including American Express Corp., Boston Scientific Corp., CASA - The National Center on Addiction and Substance Abuse at Columbia University, FIRST - (For Inspiration and Recognition of Science and Technology), National Academy Foundation, MIT, the U.S. Olympic Committee and the University of Rochester.
Leading indicators show signs of growth. The Conference Board's Leading Indicators rose 1% in April, in-line with consensus. It was the first increase in seven months, and indicates the recession will be less intense - at least in the near-term - and give hope for growth in H2. "The question is how long before declines in activity give way to small increases. If the indicators continue on the current track, that point might be reached in the second half of the year," Conference Board's Ken Goldstein said. (Conference Board's release)