Steve B and John Bruno are both in the news for each purchasing $100k in xrx stock. This looks like nothing more than a publicity stunt to make it look like they have enough faith in the reinvention to put their own money where their mouth is.
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It’s lunch money. SB needs to stake his entire compensation package on the performance of the company and maybe investors will jump in the boat.
I think they know the Lexmark merger isn't going through - and possibly knew during the earnings call. It's not a stunt to goose the stock price, it's a stunt to create plausible deniability when the news comes out.
"Of course I didn't know the Chinese Regulators would void this deal. Would have I bought this much stock when I did if I knew?"
It could go through someday, just not during a trade war. Certainly not in 2025..
They will probably be reimbursed with interest at bonus time. Insignificant amount. Publicity stunt and simplistic. Beavis and Bu-----d is appropriate.
Should have spent on lousy Java UI upgrades instead!
Time to bundle xrx stock into the copier deals! Promo: 100,000 free b&w service clicks or the equivalent in Xerox stock... which is a better value? That’s for the customer to decide.
@a6 looks like they don’t get rewarded (or not in the case of all of us) for poor performance. I don’t know how they can look in the mirror.
Chief Disruption Officer and Chief Poeple Officer 🤣🤣🤣🤣🤣
That’s everyone’s merit increase they are using to pay for it
These two bozos are the Beavis and Butt-Head of the corporate world. They call themselves Blue Bloods but are minor leaguers at best. Sounds like a self-marketing campaign the Chief Disruption Officer or the Chief People Office concocted.
Bad news is coming if they pulled a nonsense stunt like this. Probably this week.
They are risking a whole 2 days salary, wow ! I'm sure they'll cope if they lose it....how about saying they will take pay cuts in line with their (non) performance until reinvention works if they have that much faith ?