Theo Epstein issued a statement:

“John Henry, Tom Werner, Larry Lucchino, Ben Cherington and I met with Terry Francona this morning at Fenway Park to exchange thoughts and information on the 2011 season and discuss areas for improvement going forward. We all plan on taking some time to process the thoughts expressed in the meeting. There are no immediate plans for an announcement.”

I would not be at all surprised if Theo is the voice of reason here. Given that he was willing to quit once before, Theo may even issue a, “If he goes, I go,” threat. There are plenty of ball clubs that would jump at the chance to hiring both managers.