Thread regarding Xerox Corp. layoffs

Xerox stay away from HP it will cost you........Remember FUJI fiasco

HP Inc to Xerox: If you complete a hostile takeover, and try firing our chief exec, you will pay...

  • a bigger severance package to Lores, that is

By Robbie Harb 11th March 2020 22:26 GMT
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HP Inc's chief exec will be paid 50 per cent more if he is fired in a hostile takeover, according to the company's SEC filings last week.

Under the new formula, newly appointed chief exec Enrique Lores stands to make roughly $7.2m in severance pay if he is fired as the result of a change of control, according to Bloomberg calculations.

Under the previous severance arrangement, Lores would receive his salary and the average of his bonus over the past three years, including his less well paid role as president of the company's imaging and printing solutions unit. But the new arrangement offers him double his salary and his projected bonus for the year.

by Anonymous
| 1474 views | | 9 replies (last March 12, 2020) | Reply
Post ID: @OP+13WORlmU
Comment! It's anonymous!

9 replies (most recent on top)

Today I took my financial advisor’s suggestion and retired from my 35 year career and rolled over my pension money. Your pension is not secured . If xerox starts to have more financial issues you may lose a ton of money. I enjoyed the work, my customers and my colleagues for many many years but the management is getting cumbersome to work with. Now I can Work part time at a low pressure job with normal hours.

by Anonymous
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Post ID: @bxm+13WORlmU

As a veteran of their production printers I can tell you innovation died five years ago. Their new PrimeLink uses the EXACT same imaging tech as its great grand daddy the 550 from 7 years ago. Our competition is ahead of up in some aspects. We are no longer the best in every category.

by Anonymous
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Post ID: @rik+13WORlmU

Xerox can no longer even attempt a take over with the plunged market and tightening credit market. Deal is dead and Xerox will be dead within 18 months. No more Fuji manufacturing of copiers and no other alternatives than to pay HP to manufacture, of which HP will hose Xerox to do so. Doesn’t get any clearer than this, run. Jig is up

by Anonymous
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Post ID: @jwt+13WORlmU

I'm confused as to Xerox earnings, aren't they still making money? So how is this doomsday for them?

The HP deal is a stretch but a lot of unknowns as to what is going on behind the scenes.

In terms of Xerox new investments in innovation and their technology, what are your thoughts? They are trying hard to recruit talent as part of a large transformation - is investment continuing in those groups?

by xeroxpotentialnewhire
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Post ID: @ybv+13WORlmU

The chief commercial officer at Xerox was overheard last month and flat out said the deal would happen, to quote "we will own HP and we will make the decisions, we will run everything, we will show them how it is done, we will own the marketplace", I was like who actually believes the b—s— that comes out of her mouth, it was seriously comical!! Xerox, your company is in shambles, you have NO future!!

by Anonymous
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Post ID: @rgj+13WORlmU

Xerox is out of business in a year. HP buys the pieces at a huge discount. Enrique scores a larger paycheck as CEO of what's left, along with the C level. What am I missing?

by Anonymous
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Post ID: @iko+13WORlmU

That would amount to 1 day of interest on the $25B loan Xerox takes out to fund the purchase.

I'm kidding, but this is peanuts in the grand scheme of things and won't stop anything from happening.

by Make It All Public
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Post ID: @jhq+13WORlmU

This is a game. Of course HP wants a buyout. HP CEO triples his money in less than 1 year on job....

by Anonymous
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Post ID: @ozp+13WORlmU

Do you really think that is material to the transaction???????

by Anonymous
| | Reply
Post ID: @pxt+13WORlmU

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