How The Mighty Fall: And Why Some Companies Nev... Apr 2026

In 2001, Xerox was mired in Stage 4 with massive debt. CEO Mulcahy saved the company by making necessary but painful cuts, rebuffing advice to enter bankruptcy, and strategically increasing R&D to ensure long-term viability.

Recovery lies in returning to the rigorous management practices and focused thinking that created greatness in the first place. How The Mighty Fall: And Why Some Companies Nev...

Decline is not a death sentence unless hope is abandoned. You can reverse course by: In 2001, Xerox was mired in Stage 4 with massive debt