Thread regarding Xerox Corp. layoffs

John B: a story of sacrifice for the greater good

Don't be fooled: someone at board level (Darwin D?) got tired of such an endless load of bullsh*t and asked for a head - share price tanking, revenue and profit declining by double digits, debt piling up, equity falling of a cliff... and all because Steve B + gang are slooow and baaad on execution.

So someone asked Steve B: "I want a head; if it is yours or someone else's, your call".

And Steve B, happily sat on his mid 60s, having nowhere to go with his reputation worthing less than Xerox stock, put Bruno's head (his fellow friend, his buddy, his "everything") on a silver plate and promptly handed it over to whoever asked for it.

As Steve's dearest friend and comrade-in-arms, his dismissal turned into something of a state funeral, with all kinds of eulogies and reminders of how good he is, of his “pattern recognition,” and of how well he will do out there as CEO of a company that is still unknown (BS) and also as a member of the Board.

And, dear friends, when farewells of this kind border on, or directly enter into, exaggeration and hyperbole, you start to get suspicious. From that moment on, the corporate narrative and the established script take control in an attempt to hide what, in my eyes, is more than obvious: someone is getting tired of the company going downhill at breakneck speed while the executives in charge continue with their supremacist rhetoric of “nobody sees what I see,” their denial of reality that “things are going great”, and their constant contradictions, desperately calling all employees to arms to try to save H2... and avoid having to hand over more heads on silver platters.

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| 1762 views | | 9 replies (last September 8) | Reply
Post ID: @OP+1k2q4eph1

9 replies (most recent on top)

https://finance.yahoo.com/news/national-veterinary-associates-names-john-171000675.html
John's new gig. National Veterinarian Assoc. CEO.

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Post ID: @3pn+1k2q4eph1

Steve B is one who should go. Low life huckster snake oil salesman. He got rid of all the good people. If you are at Xerox you are doomed. Your stock is worthless, your market cap is less than $500M. Nobody is coming to save you. Im sorry.

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Post ID: @3jd+1k2q4eph1

He had a fair well announcement today that was hilarious. We still want to see who in the world would ever hire him for a CEO gig, his time here was a debacle, and only his "soulmate" was willing to send accolades about the complete mess he left.

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Post ID: @2b8+1k2q4eph1

John is useless. Will not be missed. Steve should go too.

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Post ID: @z8+1k2q4eph1

Steve B is chasing low margin IT business rather than trying to be the market share leader in what is a high margin copier business. Although is a declining business it not disappearing and there should be a better balance of revenue and margin contribution. The deal with HCL has cost them a fortune in lost revenue and profit because HCL can’t bill timely and accurately. What shame for an iconic brand.

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Post ID: @vr+1k2q4eph1

Buh Bye Now….

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Post ID: @dx+1k2q4eph1

You don't just leave a company suddenly and become a CEO. There's a plan here and it involves the fact that they are not disclosing the company he is going to. There's a reason it is a secret.

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Post ID: @bn+1k2q4eph1

Stop it Rick

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Post ID: @b3+1k2q4eph1

OP’s source: “Trust me bro”

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Post ID: @an+1k2q4eph1

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