Agree with your sentiments GCE. It does take time though to sift through management teams of failing companies because usually contained within them there are people who have not been allowed to thrive because of the 'culture' and ineffective leadership. I have first hand experience of this type of 're-organisation' and to simply replace an old management team with a new one doesn't always work especially when there are existing employment contracts in place. I would hope that there is a process in place whereby a new management team will be created keeping the good guys and getting rid of the ineffective people. One thing is certain new blood with new ideas and energy is essential. Unfortunately this will take time but hopefully time well spent.