SB borrowed $500 mil of the company's money to buy out Uncle Carl so that he could remain in charge to earn $14 mil per year. At least Jeff Jacobson's middle of the night play to stay in charge and have Fuji buy Xerox would have been INFINITELY better than this s#*t show. SEC has to investigate this group of "leaders".
8 replies (most recent on top)
@c2 JB was also a 🤡
@bx It is strange, but possible XRX is such a small part of the funds, or there is so little expectation, that they don't care? Or maybe the hung on a bit for dividend yield? But nobody is holding SB and senior team accountable and in the meantime they are sneaking away. JB was talking about proving the shorts wrong while interviewing...
I really cannot understand this. The share price drop from $38 to $2.90 and quarter after quarter, we hear JV followed by SB coming up with elusive plans for the future. Yes, all the big funds accepting the excuses without asking tough question. It really baffles me!!
The Fuji deal was smart but JV got confused and thought he was too. Gordon Gekko wanna be. Blue horseshoe is done with XRX.
It definitely never passed the smell test. Awful mediocre people. Imagine your boss is pushing you for results and somehow you have the authority to have SOMEONE ELSE borrow the money to pay to go away so you can continue to collect unearned compensation. I'm no democrat, but corporate legal protections, equity financing (common/preferred stock), and CEO/BOD conflict of interest needs a look. And the SLT owes us $100M!
I understand that the focus is now on transportation and the GIG economy to save little Stevie's Starfish. $200m start up funding investment in 'Clown Cabs Inc'. Zero Hour contracts and you can even lease your very own X model.
Icahn’s involvement was the nail in the coffin for Xerox
Maybe they should change the name to Bluestar Airlines
Exactly. Investigate. This smells bad. The Fuji deal made sense. SB and the boys financed Hot Carl buy out. Think about this…. Anyone who asked questions is gone.