I figured it was going to happen this year with as bad as the Bulls are right now. It's not entirely his fault, the best coaches in the NBA couldn't make that crappy roster a .500 team this year.
If Reinsdorf knew what was best for his franchise he'd fire Paxson and Foreman too and get himself some front office guys that can actually build a winning team. Fred was THEIR guy that they had to have, they ran out a successful coach in Thibodeau just to hire him and have no vision or plan with the roster they have right now. Even before Fred they sat on valuable trade assets too long and didn't get much if any return on them. The Bulls are a big market franchise that used to be a place everyone wanted to play but the way the front office has managed things lately they are turning into the Knicks where no big name free agents want to sign with them.