https://www.businesswire.com/news/home/20200911005482/en/Xerox-Announces-Departure-CFO-Appoints-Xavier-Heiss
22 replies (most recent on top)
Running in circles is a perfect analogy. I used to use the rowing the paddle boat with one paddle analogy but I think this is much more fitting.
Another Xeroid sliding into an open slot who doesn’t have the resume but can sure run in circles real fast...sound familiar?
Last poster: hilarious. But it’s not clear you were being sarcastic.
Last poster. Bill was only with the company a short time. How does that make him the only original Xerox person left? His replacement will run circles around him, not because Bill wasn’t competent, but because Heiss is an original Xerox person an absolutely cares about the company.
bill was the only original Xerox person left, He was great at 'dressing up the numbers' personally I think enough is enough and he can no longer justify the numbers, so thought best get out now. If JV wanted him to stay im sure they could of worked something out for his 'work life balance'.PS the stand in is the European lead...USELESS
Carl dumped HP shares because he did not get in control of the board and it was a very hostile between HP and Xerox Mgmt. No way HP now wants Carl through the back-door in a new board. HP profits of WFH meaning selling a lot of PC's and home printers, while MPS suffers like Xerox. So HP just waits to see Xerox getting out of business. No need to hurry.
No one knows the financial situation of Xerox better than the CFO himself. For him to jump ship speaks volumes about Xerox financial. Whatever Xerox is doing in the coming week should not be perceived as something good financially. Otherwise, he would have stayed on to reap the benefit after being in Xerox for so many years.
Don't assume that any buyer will be any better to working class than what we have. The cotp raider clan will skate, they know their craft. HP appearst be run by a bona fide CEO, but they're laying off too.
I hope HP buys Xerox and the icon man gets charged and convicted of insider trading. And I hope XRX doesn’t bump over $25 on the deal. Finally, I hope someone writes a book detailing how The icon man doesn’t have a good track record of success, with plenty of Xerox examples. In that unlikely world, BO would provide much material for such a book.
Icahn dumped all of his HP shares recently and has been buying more Xerox stock, and now the Xerox CFO decides to leave.
Maybe Xerox is about to become part of HP.
I knew Dee Snider in the late 70’s, probably not a good choice for CFO. Keith Richards lives close enough to commute to Norwalk HQ so let’s go with him.
@1fud: totally agree. Rockstars make amazing CFOs. Is his replacement a Dee Snider or more Keith Richards?
“Oh now be calm, Ned... But be afraid also, tremendously afraid! For the day of reckoning is upon us!”
- Reverend Lovejoy.
Executives leave all the time in good times and bad.
I don't see this as any sort of prediction of things to come.
A rock star? That’s the best joke we’ve heard all year...
BO is smart but not a leader and not committed to XRX. His replacement is a rock star.
This is most likely just the beginning. The C team will need to jump ship soon. The titanic is sinking.
He’s a talented and smart CFO. He can’t stay at that DUMP, no matter what they paying him.
He left for personal reasons. We all left because it became personal with how management runs Xerox. I suspect his LinkedIn is updated to a new company within a quarter.
- is it starting? Beginning of end? (Insert hunger games theme music)
No chance Bill is a professional to the 'ent degree. I had many interaction with the finance team, not directly with Bill but he approved many of the plans and ptojects directly, he's very honest and thorough.
Can't understand why he waited so long to jump.
5hitz hittin the fan. Perhaps he’ll turn State’s witness and bring this house of corruption down. Xerox practices very unethical and illegal practices against state, local and federal public sector clients. Now William Osbourn can spill the beans.