As a Xerox stock owner, I could not be happier with the direction of the stock. In 15 years, I couldn’t make a penny.
So to Mike Feldman era !!!
Now that the biggest joke in Xerox - GIS has been flushed 2/3 of the way down the toilet, I can find 4-5 million in easy savings. Who the heck are these executive & senior Vice Presidents making a million dollars? From what I understand is service is being centralized, no more P&L control, admin has been removed and on and on. There are “presidents” who Mr Feldman values less than global.
Last check 40 presidents making 400-600k - call it 15 mill in nonsense expenses and the million dollar leaders above them call it 5 million.
More room to cut. Just cut the right people now.