whatihavetosayis, even if they did reduce the # of VP's to 100, this is still excessive. Using a similar ratio of 2.5% VP's to employees would mean that a company like HP would have ~3,750 VP's. If HP ever enertain- ed any ideas such as this, Bill and Dave would turn over in their graves. Cadence hides behind policies such as this whereby they promote people to these levels rather than risk losing some of them to competitors. What this amounts to is carry- ing the "Peter Principle" to its extreme; i.e., promote people past their realm of competency rather than solving the infra- structure problem they have ignored for years. This is 1 of the major reasons you have such an apathetic environment, the em- ployees know if you don't rock the boat too much and keep your nose clean (assuming you're not completely mentally challenged) you can reach the stratospheric level of VP and enjoy the monetary facets of these positions. As I've mentioned before, you can express your dissatisfaction with this BOD and executive staff by withholding your vote for various director level positions. We need to wake up the institutional investors to get them to take this action before we can effect the changes necessary to rid this company of these worthless people. I can't call them leaders because that would be the biggest oxymoron anyone could ever imagine. If these institutional investors were being held accountable for their decisions, they'd be subject to being fired as well, because this stock has been dog meat since the BJCL(Before Joe Costello Left) era. Anyone who knows how to get this and other messages to these institutional investors, please forward them to these sleeping giants such that some day we'll be able to rid this company of this dead wood.