People to Watch in International Business

ANNE MULCAHY Copier Repairwoman

Soon "to Xerox" may mean more than just "to photocopy." Late last month the company declared an operating profit for the first time in five quarters. Although that translates to a $4 million loss in bottom-line earnings, it marks an improvement from the $20 million lost in the fourth quarter of 2000--and from the bankruptcy rumors heard just two years ago. Mulcahy, 49, who became chairman Jan. 1, has presided over the asset sales, cost cutting and outsourcing of production that have brought Xerox closer to profitability. A government investigation into its accounting is ongoing, but with...

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