Thread regarding Xerox Corp. layoffs

In other news about Bausch, Icahn put his own son on the board! Sometimes I feel totally discouraged by how little control / input employees have. Feels like a hamster on a wheel - or the rowers at the beginning of Les Misérables.

I'm off the wheel now but I still visit this site - kind of like checking on a relative in rehab.

https://www.prnewswire.com/news-releases/bausch-health-announces-agreement-with-carl-c-icahn-301234165.html

There are plenty of formerly great companies, debilitated by years of poor management for these weasels to pillage and plunder. Incompetence, nepotism or both at the root of their current corp. states. Sad reality. Good business for those with no heart or conscience.

Look out kodak and it's local spinoffs, he may be heading for a Rochester trifecta

Carl and team are taking over Bausch Health, another Rochester icon from the past. There is an old Bausch and Lomb page on TheLayoff.com, but old posts (2017). How soon before a Bausch Health page pops up?

HP fought off the Carl mobsters

This page https://www.xerox.com/en-us/about/executive-leadership#board-of-directors has the hilarious text:

A company's success is often defined by its leaders, serving as champions for their people and their customers. Xerox's business leaders exemplify value-based and results-driven leadership. They pave the way for the next generation of Xerox leadership to accelerate the company's growth and continue building value for our stakeholders.

companies have little ability to prevent this kind of board takeover by untalented mobsters