AMF, several years ago, was ripe for a hostile takeover. The company had (a) many self-sustaining and viable operating divisions (AMF bowling, Rossignol skis, etc.), (b) serious financial problems (never a single quarter of positive operating profit), (c) Taj-Mahal-like corporate headquarters, and (d) a corporate staff of 293. The division presidents stated that the large corporate staff burdened them with constant information requests, report requirements, etc., adding to their costs. So we executed a hostile takeover (day 1 of new AMF): on day 2 the corporate staff was reduced from 293 to 3! The divisions flourished; to my knowledge all or most have done well...........Hmmm, let's see if I can draw any current parallels to the State of California.