I have a real problem with our new ceo. It is not good that he comes from an area where chopping up companies and not giving a sh-- about the employees is the norm. I love my Xerox family and hate that the new leader is not a part of our vision, even though he may say he is. Let me cue all of you in to the fact that he is a lair. I can see through the persona that he cares and would like to know how much ichan is going to pay him in a bonus if he can chop it up and sell it. He could walk away with a pretty hefty lump sum and we could all be out of work. I get it that being at the top is a good place to be, but he has no F'ng idea on how to fix any of our products or probably even run an iGen Press. Life is not fair. I think it is time to TAKE back OUR XEROX...
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JohnV is pretending like he has a shared vision for the company until Deason and Icahn can cash out. In the meantime he is to pay out profits in dividends and share buy-backs.
John is playing the short term game of cutting essential positions, at newly reduced severance rates to boost quarterly results. Although, there is still a tiny bit of fat to be trimmed, much of the needed reductions were already made over the past two decades. It's a "death-spiral" of reductions leading to reduced revenues ad infinitum.
This new leadership draws from the same playbook as prior executives: cut "costs", outsource jobs, pretend to grow through bad M&A deals, cut benefits, shuffle around sales and channels, claim refocus on innovation.
Innovation. You can't figure out "how" if you don't even understand "why". From the last WebCast, it is clear that JohnV is clueless about the investments needed to simplify processes. It takes a lot of skilled usability engineering and development overhead to create intelligent systems that are streamlined and efficient. It is encouraging to see that he identifies the needs, but his lack of comprehension tells me that he and his COO may not have propertly allocated funding. They will soon realize that it's more work to design something simple, than quick and dirty.
So far, funding to back the improvements he wants has not materialized. Becoming a "technology powerhouse" will not happen until Xerox figures out how to appreciate it's innovation talents and how to effectively develop and monetize it's intellectual assets.
PARC has been silo'ed, separate from Xerox internal innovators in R&D. PARC and Xerox have both had insurmountable challenges in monetizing and JohnV has not shared any tangible solutions to this challenge yet.
There is a sliver of hope. Let's see if JohnV puts the right shining lights on a high place guide the company in his user centered focus.
I always found that reading the SEC disclosures are helpful in identifying what motivates any company's CEO...
https://www.sec.gov/Archives/edgar/data/108772/000119312518164259/d430950dex104.htm