GIS WAS a group of independent office equipment companies who were acquired by GIS , a holding company. GIS made a commitment to the prior owner that they would acquire their company and leave the entrepreneurial spirit of the company alone as long as their individual “Core company” performed and met key benchmarks and the original owner stayed to run that organization. The owner was required to sign an executive agreement and stay and run the organization for 3 years.
Xerox acquired GIS( Global Imaging) in 2007. The entrepreneurial spirit remained. Xerox left GIS alone because they represented 20+% of the revenue and 30+% of the earnings of Xerox. GIS was such a proud group of independent companies and were proud of the great service delivery and culture of caring for employees.
Each of the 42”Core Companies “ had high benchmarks and competed against each other as each was stack ranked against each other. Even though we were competitive, we all shared best practices,but each company made their own decisions to what was delivered in each marketplace.
Xerox has changed everything and ruined the best part of GIS. So sorry for all employees, the original entrepreneurs that were sold a lie and especially the clients that will never receive the same level of service.
The only one that wins is the greedy stock holders, Carl Icahn and the competitors.