Thread regarding Xerox Corp. layoffs

New CFO's salary

https://www.cfodive.com/news/xerox-taps-insider-succeed-retiringcfo-chiefaccountingofficer-leadership-layoffs/727428/

"Gecaj, 50, is entitled to an annual base salary of $550,000 in her new role, according to a securities filing. She’ll also be eligible to receive an annual long-term incentive award for 2025, with a target grant date fair value of $2 million, it said."

Remember that when you're putting all your desk stuff in a box or cleaning out your vehicle later this year. Give them nothing, enjoy your days.

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| 1251 views | | 8 replies (last September 28, 2024) | Reply
Post ID: @OP+1uG9zh5n

8 replies (most recent on top)

SteveB needs to read the room - the stock price is $10, the supply chain is closing down, all he wants to talk about is AI and diversity - get a grip, focus on getting sales and growth - but it is too late, you have alienated all your employees.

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Post ID: @3ckk+1uG9zh5n

Needs better negotiating skills. That is low. Hopefully it will be a stepping stone for her.

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Post ID: @1pvu+1uG9zh5n

She costs less than the Xman....and you gotta pay her something to assume the risk of being CFO of a struggling Tech Powerhouse.

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Post ID: @1fpn+1uG9zh5n

Well remember Baldy is pulling down $13m per … so on the surface this is low … I suspect it’s backloaded w more shares…….I left this place 3 years ago … knew it was over then (it really was over in 2007) and everything from what I can see came to fruition …it’s been a longstanding tradition that Sr management and c suite bleed the place dry so good luck to those who remain … my lesson learned (too late) was never latch onto a poorly performing company …you’ll never get far and you certainly won’t get compensated correctly.

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Post ID: @dci+1uG9zh5n

They didn't have much to choose from, but you have to be kidding me.

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Post ID: @urf+1uG9zh5n

this is it everyone, the final piece of the puzzle to make reinvention really takeoff! Hope she has a thick accent like Xavier did when she has to explain the next earnings call

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Post ID: @zas+1uG9zh5n

She's likely the final CFO and there isn't that much money left, I'd say she's lucky to have that much.

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Post ID: @jjh+1uG9zh5n

Thought her salary would honestly be more. Seems low.

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Post ID: @zrn+1uG9zh5n

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