https://nam05.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.sec.gov%2FArchives%2Fedgar%2Fdata%2F1677703%2F000095015719000444%2Fex17-1.htm&data=02%7C01%7Ceirinn.cormier%40conduent.com%7C7e3a5b7b25554d14722f08d6bf7319a6%7C1aed4588b8ce43a8a775989538fd30d8%7C0%7C0%7C636906898451064065&sdata=GAkm%2BdzsUdiEPi5b8DDDjc3EDr6wvO7vq1dYPE00XVs%3D&reserved=0
9 replies (most recent on top)
Don’t trust anyone. Everything they tell you is a lie. The company is horrible!!!!
Leave? No way. Pass the popcorn.
id--ts are running this company, leave as soon as you can.
They are all bad.
Read it and weep -
https://www.crn.com/news/channel-programs/conduent-accuses-carl-icahn-of-board-takeover-attempt
Take it from an ex-Xerox employee. This could be the beginning of Icahn's takeover. I don't know what agreement Icahn had in place with Conduent, but the one he had with Xerox stated that if Xerox gave Icahn a seat on the board and direct access to sensitive information, Icahn would in return stand down on any hostile takeover attempts. The agreement stood as long as Icahn had a seat on the board.
In the case of Xerox, the Icahn board appointee resigned when Icahn's patience ran out with how the company was being run. Yes, that means Icahn lost his board seat and presumably access to sensitive information. But it also dissolved the agreement and permitted Icahn to execute a hostile takeover.
Fast forward 15 months, and at Xerox Icahn teamed with Darwin Deason to take over. Icahn has appointed the CEO and 4 Board members, and had a hand in appointing the COO, SVP legal, SVP of HR, PMO director, and CIO. He's also driven massive benefits cuts, including reduction in severance and 401K contribution, and massive health insurance cost increases, while also laying off or rebadging close to 10,000 employees.
It sounds like the same might be about to happen at Conduent. Good luck folks!
Counting the days until the ceo resignation- won’t be long now just be patient.
Wow, this shines a lot of light on how that stupendously id--tic 401k suspension went through. That alone should make some employees with critical domain experience leave (I'm planning to as soon as I'm able). Someone should bring this up at the town hall next week, if they're even allowed to (open and free discussion my butt).
W.O.W. Surprised? No? Didn’t think so!