Looks to me like the company is being very generous with severance. Take a look at the payout/severance for JCS. XRX will pay JCS over $1.7m just for leaving the company. Wow.
https://www.sec.gov/Archives/edgar/data/108772/000119312524007505/d719218dex101.htm
At first glance, such a sizable payment does not feel equitable to me....but when i stop and think, it is probably money well spent.
yes its true. ask some good questions for us!
I'm an analyst that will be allowed to ask a question on Thursday's earnings call - is it true the cpo left xx with no sec filing. I see the one for the cmo...
The C Level execs signed an agreement as part of their job offer that if they ever got let go outside of personal performance reasons, they would receive x-x amount of money. That's the only way they could get those C Level execs to join an unstable company. Smart of them but it's really unfair to others.
Nope tk nada
And Louis only getting 645k and 2 mill shares so bargain!
Interestingly, there is nothing on TK - no 8K filing. Could she have walked out with nothing?
15% of worker bees who could be great are going to be tossed with almost nothing in severance while people who by their own goals failed miserably walk away rich whatta world
Wow, that is insane amounts of money. If I did not see it on the SEC site I would not have believed it was true. Why do these fat cats - with minimal tenure - that is money that we don't get in raises - and is not invested in improving our business. These people at the top are BAD. I am sure that TK will get even more than JCS. Really makes me discouraged how at the top they are just looking out for themselves - not our business, our customers, and not us employees.
JCS = $1.7M severance...seems high. Wonder what TK was given and what they paid the CO's in signing bonuses. Her last job before Xerox was with the Federal government and paid $167K. Before that, she was at IBM and there was a dustup in he organization, I believe, employee let go and filed an age discrimination lawsuit. It probably wasn't true but the court settlement to the worker was $3.7M.
Gotta love it when someone mentions the FMT
Canada offices are even more empty than the Webster campus please pass around what that dude is smoking...
At that level the severance is worked out before they even take the job.
No frizz but ya have to live in Canada, mate.
Ahem, severance not really a problem in Canada (Toronto). People love working there so much that productivity, sales, profit numbers are through the roof… or so I assume based on the award below. Pay an employee to refer a friend as candidate? Candidate should be paying the friend… or maybe friend paying the hiring manager. Or maybe candidate and friend paying the hiring manager. Maybe talk about 3 way split over some rotisserie chicken n fries. Don’t forget the dipping sauce.
https://reviews.canadastop100.com/top-employer-xerox
It financially beneficial to to know where Icahn's team kept all of the dead bodies...
Wait you get a severance for retiring? Since when? Oh is that just for C suite - got it
I wish I could get a paid sick day ...
Eat cake peasant!