And he said that there was no way that Mr. Schwarzenegger could maintain his costly and bloated staff for six months more.

It was a high-cost manufacturer, with a bloated staff and a sleepy culture that was slow to make decisions.

The sheer redundancy of bloated staff, equipment and facilities is staggering.

When Hollinger bought The Jerusalem Post, the paper came with a bloated staff, a strong union and little sense of a bottom line.

That was in 1982, when the company's profits were down and its staff bloated.

But the companies remained unstructured, with old managers and bloated staffs, and many are controlled by investment funds that have become notorious for shady stock deals.

Many continue to support bloated administrative staffs, with imperial superintendents who are paid close to $100,000 a year.

President Bush focused perhaps unwanted attention on them last month when he criticized Congress for having what he suggested was a bloated staff of 40,000 workers.

Essentially, Sir Gordon looks for targets in steady, mature industries with experienced managers and bloated corporate staffs.

Indeed, Japanese companies, which have concentrated on improving their factories, are finding that their profits are dragged down by bloated administrative staffs.