Stivison — Are the Barbarians at the Gates?

Folks are scrambling for explanations and there are no comfortable answers. The firms "right-sized" and redesigned processes years ago. They achieved "critical mass" through acquisitions. They put in new technology infrastructure and enterprise management systems. They rationalized their supply chains. Why, then, aren't the stocks of more commercial printers doing better? It can't all be attributed to the individual CEOs, because the pattern cuts across so many firms as to qualify as an industry-wide trend.