Interesting they cut the Dividend on the Common Stock by 90%, yet retained the $20 payment on the Preferred Stock.
No coincidence of the Preferred Stock holder being DD and his man is the Chairman of the Xerox Board.
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@a4 well said. Sold off patents 2 weeks ago. When do that you are selling the soul of the company. This is sad to see.
A conspiracy theorist! No discretion on the preferred stock dividend. Part of the deal. Thanks UB!
Value extraction. They are stripping the house of the copper pipes and wiring before foreclosure.