RR Donnelley -- Giant Transformation

"We have a great deal of momentum right now," Davis says. "I'm confident that the work we're doing on our transformation in this difficult economic environment will pay off for a long time to come. Furthermore, I believe that some day we will look back upon this period in our company's history and recognize that the effort to transform RR Donnelley was pivotal. We could not have done it without our employees. They deserve thanks for the sacrifices and commitments they've made, and for living our values during a time when we've had to take difficult actions. Their dedication and hard work have made RR Donnelley a stronger, more flexible company. And, in the long run, our employees, customers and shareholders will benefit."