Anne M. Mulcahy Quotes
The hardware business is all about per-unit manufacturing cost and functionality. The services business is less asset-intensive and more dependent on people.
Mulcahy, Anne M. "Xerox's Pivot to Services." Financial Times, 12 Mar. 2008.
In the Great Recession, the industrial production had improved much by 2012—the 4th year of the Obama administration. However, technology and automation were displacing workers. At the time, the U. S. was producing the same amount as before the Great Recession only it was being done with 5 million fewer workers.
Anne M. Mulcahy is the former chairperson and CEO of Xerox Corporation. She was named CEO of Xerox on August 1, 2001, and chairwoman on January 1, 2002. In addition to serving on the Xerox board, she has been a member of the boards of directors of Catalyst, Citigroup Inc., Fuji Xerox Co. Ltd. and Target Corporation.