Ursula Burns at Xerox Corporation: Breaking the Glass Ceiling |
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The Road AheadAccording to industry experts, Burns took the helm at Xerox at a challenging juncture as the company was showing signs of weakness due to the economic slowdown. In the US, the demand for printers was weak and customers had cut down spending on printing equipment and supplies. Sales were weak and the company's revenue was flat. In 2009, Xerox's sales dropped 14% to US$15.2 billion and the company cut thousands of jobs to lower costs. In the first quarter of 2009, Xerox's sales dropped 18% to US $3.6 billion, generating a profit of only US$49 million. "They're in the midst of another major restructuring. So Ursula has to get through that, but it's nothing new for her. She's been in charge of that effort," said Shannon Cross, managing director of Cross Research LLC...
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