Hey Icahn, it’s time to buy to artificially pump up the price some more. Don’t forget to buy back more shares Vas---ne, it’s the only way for you to hit your bonuses. It’s a shame Icahn is devastating the American jobs to grow his wealthy cronies personal wealth, but what can you expect from a Trump devotee.
Remember, Xerox was great at one time. It’s not now, because of self dealing and personal greed. This is no way to run a business.
12 replies (most recent on top)
Be Careful - you are starting to upset the people wearing their red MAGA Hats and other Merchandise that was made in China!
Amongst economists it’s widely agreed that job gains under Trump are simply a continuation of massive job gains under Obama Presidency.
And I’m Not sure why people believe what Trump says about anything. But, that’s your prerogative.
https://www.forbes.com/sites/chuckjones/2018/10/30/two-charts-show-trumps-job-gains-are-just-a-continuation-from-obamas-presidency/#257aede1af3f
Further, discussing how the rich continue to enrich themselves at the expense of the American worker is exactly what this blog is for. Trump has failed on every promise to protect American worker.
Last I checked nobody around me who voted for her is butt hurt that Hillary lost. They are much more focused on the issues that impact them directly like education, healthcare, employment, and retirement. Besides Hillary wisely moved on and there are excellent candidates running now.
I do think that people are missing the key point that Trump stimulus is temporary unless you are a successful business owner benefiting from the corporate tax cut. The types of jobs created are equally important as unemployment figures.
Unemployment does not account for underemployment.
Unemployment does not account for the heightened wealth concentration we comment on this board about often.
The skyrocketing national debt wipes out any claim that it’s the best economy ever. Simply put, that’s like holding an anvil above your head with yarn, and expecting it will be ok. It’s not. And of course we could play the blame game, but it’s probably not worthwhile on this board.
High end color looks bad.
IGen & inkjet declines? Iridesse (FujiXerox) keeping it afloat?
I do not like Trump and have not liked him for years based on some experience that I and several of my friends had working with Trump Inc. long before he became POTUS. I was and still am no fan of Hillary either along with most of the 35,000 Democrats who have announced that they are running for POTUS in 2020.
Nevertheless, Trump has very little to do with what is going on at Xerox. I can only see 3 areas where his policies may have an impact. First, the economy is doing well so there should be more jobs for folks leaving Xerox, but, unfortunately, a majority of those jobs are not in manufacturing nor are they in upstate New York. Second, the tax cuts where a boon; but, not for everyday folks because Xerox, like most companies, pushed those tax cuts into share buybacks, which typically make larges investors (more) rich, and not into increased salaries nor R&D investments, which create new jobs. Third, Icahn is buddies with Trump, which has likely saved the news about layoffs and the outsourcing of jobs to foreign countries at Xerox from popping-up on Trump’s Twitter account.
Thank GOD Trump is in the WH and the economy is ROARING because of his policies. Unemployment is at record low levels and people in my core (over 15 of them!) have found better paying jobs in no time and have left this disaster of a company behind.
I know you probably cried yourself to sleep at night for months after Hillary lost the most winnable election ever, yet not everything is Trump's fault....even in your mind. Xerox management's lack of business foresight wrecked this company and left the door for a parasite like Icahn to come in and do his thing.
They saved 41 million by not giving raises
They saved 75 million by not paying vendors
We lost 1500 employees from Dec 31 to March 31
Equipment installs Q1
Entry
10% increase in Color
2% decrease in BW
Mid-Range
7% decrease in Color
19% decrease in BW
High End
14% decrease in Color
12% decrease in BW
Considering the vast majority of income is post sale revenue from lease agreements. There is no way we will be revenue flat until three to five years past the point where new installs are flat. I understand they are having us repair HP and lexmark now for managed service accounts. Gee wiz, 5h repairs on A4 desktop printers that were never designed to be repaired in the field and forcing techs to now repair up to 200 different models. Inventory will be a nightmare. Watch the cost of that blow up in their face. (And of course they will blame the Techs).
Trump has not disclosed his holdings since running for office. Last data disclosed was from 2015, where he did own HP Stock (in addition to mutual funds). Source is Center for Responsive Politics
We simply don’t know if Trumps holdings in the industry or with Icahn have increased.
As OP mentioned, Many people feel that Corporations stock buy backs should be restricted. I happen to be one of them.
Fact: Icahn was a senior advisor and is still a close friend of Trump.
Fact: Not everyone likes facts.
shut your pie hole
Like him or not, Trump had nothing to do with it. This wound was self inflicted by Xerox and its management over many years.
I only upvoted your comments about Icahn. The parts about Trump have ZERO to do with the shape Xerox is in. You can thank Ursula and Jeff for that.
Leave politics out of these discussions, unless Trump is the CEO or major stockholder.