Stop complaining and let her do her thing: gradually destroying the company - she has as much strategic vision as my Spitz (give me all the food right now, who cares what will happen next)...
She keeps collecting bonuses and executive pay, and who really cares what happens once she's ousted - she'll be taken care off forever (and the rest of her family for next x number of generations) - and, yeah, no IBM Daily Layoff updates any more...