The silence is deafening today here in Webster. Last day of the Q, last of the mystery meetings to lay people off….and the passing of JV.
5 replies (most recent on top)
30 days or 30 years... No difference...LOL! Thats SB's mentality.
The team still has a few tricks up its sleeve. We're "navigating" solutions to the supply chain issue as we speak. I'll take 5th grade geography for $100 Alex! We're experiencing some setbacks, but the improvements will be ubiquitous when znoud al sitt comes to fruition on the coffee table.
Activist Carl Icahn and large holder Darwin Deason could renew efforts for Xerox (NASDAQ:XRX) to explore options following the death of CEO John Visentin and the company's continued stock decline.
Icahn owns a 22% stake and Deason owns under 10% of XRX, including preferred shares. The investors could try to push for the company to explore options such as a sale of the company or a divestiture of the company's financing unit, Dealreporter speculated in its "morning flash" piece earlier.
Icahn and Deason teamed up in 2018 for a proxy fight against Xerox (XRX) and installed Visentin as CEO as part of their efforts.
Dealreporter highlighted that some bonus grants for executives earlier this year had the publication thinking that potentially the XRX was considering a breakup. The item also pointed out that Xerox announced Wednesday that COO Steve Bandrowczak was tapped as interim CEO following Visentin's death, though there was no mention of search for a new permanent CEO.
Xerox shares fell 2.5% and have plunged 38% over the past year.
And yet there are people here that think somehow this will all turn around. Wow. You couldn’t make this stuff up.
As SB would say, "suck it up buttercup"