Thread regarding Xerox Corp. layoffs

@aj You're right when you say the industry has gone. What kind of numbnuts buys a printer company for $1.5 billion, when printed output is in steep decline?

"I think the LEX acquisition was done to buy a bit of time as well as to give the impression of action and strategy. When you are earning the level of comp the SLT members are, one more year is significant."

Spot on.

@cn that’s a valid point and good call

I think the LEX acquisition was done to buy a bit of time as well as to give the impression of action and strategy. When you are earning the level of comp the SLT members are, one more year is significant.

@cg agreed - and why on earth would someone buy a company like Lexmark that posted losses of 800ion? I still am bashing my brain against a wall trying to understand the reasoning behind it. There is not 1 reason that anyone can provide me. This 1 decision alone is the mother of all shockers and took the decline 5 steps further down the sh----r. There is way to much talk about potential this and that - it’s useless - no one cares what will happen in a few years as they state - it’s beyond repairable - and if your playing games like not paying bills (as someone stated on another thread) or marking someone down as a growth when it isn’t, - your in lala land. Desperate times requires separate measures and it’s being seen.

It’s too late to do anything now. The decline started with UB and has been a comedy of errors ever since. JV should have made the Fuji merger work. And that is not 20/20 hindsight. Everyone knew he f’ed up bad. Ichan should have done better due diligence. AM needed to diversify carefully. All of them should have valued employees instead of being egomaniacs. CEO needs to be developed internally so there is some loyalty to the preservation of the company. It’s over.

@c6 what would you do? If you have nothing to offer you are doing the same as you are saying people do on this "board" are doing. C'mon, come through for us.

@c6 just let it crash at this point. Admit defeat.

What would you experts do or have done differently to right the ship? This board is chock full of criticisms yet zero solutions.

At this point a monkey could run the company better.

Dividend for CEO!

What are you talking about. The board supported increasing his compensation this year as a retention mechanism. It doesn’t matter anyway, we’re done. The hole is too deep to climb out of and the industry is gone. Nobody with a pulse ever believed a word of reinvention.