Xerox is in the state it is in due to poor management. While managers were on the covers of different trade magazines collecting all of their accolades, they were putting the company in a bad position. Handing all of their core business over to Fuji Xerox over the decades. The ACS merger was a disaster only to separate off again a few years later. That was how Carl Ichan got his greedy foot into the door and now we are just a casualty of his money making machine. Leaders of this company lacked true vision and they were rewarded handsomely for their longterm failure. It is the employees whose lives get destroyed.
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I agree. I would add that VPs and above unjustly enriched themselves at the expense of the people doing the work. At the exec level, it’s disgusting how they shoved millions In their pockets as they were laying off people who were indeed performing.