"Capex will not save you" Note: Emails are organized in the order received, with first received at the top. Jim, You are completely right, but these rules are valid for some time already, and we still see a lot of top managers holding their positions, even when they think on the old way, and they just keep sinking with the boat. Directing the investments only to the profitable companies means that the problematic children will not receive the appropriate help, even if they have a good potential, and in this case they will eventually die. In most cases, it is not money which is needed, but a master effort to redesign the company processes and then make it walk by its own. On the other hand, big companies are too busy to help the unprofitable small ones. I understand that this is business, and what is not profitable is making loss, but socially speaking it is a disaster. There should be an effort to help. Congratulations for Nip Impressions!\! It is a nice source of insights. Sergio Zalewska Sao Paulo, Brazil ### Have a comment? Send your email to jthompson@taii.com. Unless you tell us otherwise, we will assume we can use your name if we publish your letter.