When I became CEO of Xerox 10 years ago, the company's situation was dire. Debt was mounting, the stock sinking and bankers were calling. People urged me to declare bankruptcy, but I felt personally responsible for tens of thousands of employees.

A letter sent to Citi shareholders on March 26 2009 by the labor union American Federation of State County & Municipal Employees (AFSCME) recommended shareholders vote against re-electing six of their directors


Magazine Opinion
The Wall Street Journal named Mulcahy one of 50 women to watch in 2005 and Forbes Magazine ranked her at the sixth position among the Most Powerful Women in America in 2005. Ltd. She announced her retirement as CEO on May 21 2009 prior to the company's annual shareholder meeting.

and Target Corporation. Fuji Xerox Co. She was selected as 'CEO of the Year 2008' by Chief Executive magazine.