New CEO ( 8/2013) is (IMHO) working for the shareholders near term cashout, not the long term success of the company or long term investors. Corporate overhead is being slashed, and the individual businesses are being siloed from each other. Expertise and experience gained over decades is being riffed out, retiring, or leaving voluntarily.. Weyerhaeuser has been divesting big chunks of itself over the last decade, and the siloing of the remaining businesses makes that process even easier. I wouldn't bank on there being anything left in the portfolio except Timberlands 3-5 years from now. And the current corp. campus in Federal Way is on the market, and corporate functions are moving to Pioneer Square - not sure that one corp office is enough to make Pioneer Square an appealing place to work. And it puts pretty much everyone into the horrible Seattle commute. Fed Way was a "reverse" commute for Seattle-ites and not bad for folks coming from the south and east.
