Xerox has been sitting on the shelf. There are too many mistakes and it is difficult to decide which one was the biggest.
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Outsourcing management is the biggest mistake. Thoman was the beginning of the end.
Ending their West Coast Mfg.
operations: PWBA, Systems and Laser.
Unparalleled Loss in Engineering talent and innovation never to be duplicated.
Outsourcing
So many to choose from, almost impossible to decide.
Regardless of what one was the worst, the fact that this company let all this happen and just caved, says a lot.
A whole lot of really bad decisions.
Kinda like the mayor of Chicago.
Pushing empty headed women into positions of management in order to satisfy affirmative action quotas.
Promoting 💩 to middle management who were way in over their heads.
Looking at you production group.
- lack of strategic vision
- not really diversifying the business (as our competitors have done over the years)
- print-only centric business
- overlooking digital transformation that started 15 years ago
- short-term, finance-focused management
- hyper-bureaucracy, lack of agility
- Ego-driven managers (UB)
Hiring a group of pompous as--s to “manage whats best for us…”
Everything that we were, was destroyed and purposely altered forever for reasons to benefit someones altered reality of how things should be.
Bad Decision # 1. Gross mismanagement and blatantly poor judgement.
Hiring based on what’s in your pants vs what’s in your brain.
Blowing up the long running partnership with Fuji
Hands down Ursula Burns
UB was the biggest.
Not monetizing the mouse.
Buying ACS/Conduent.
Ursula Burns.
In that order.
Not increasing the dividend enough.