Thread regarding Xerox Corp. layoffs

@OP

My team (thankfully not me) had to deal with some of those Icahn entities. They are brought in to protect Icahn and Icahn only with the goal of bleeding the company dry for Icahn’s benefit. They were invited inside Xerox before the take-over was even complete by one of the Board Members with the goal to ‘optimize’ performance. After receiving their information request, a colleague asked for all parties to complete a Non-Disclosure Agreement as the information requested was competitive and confidential to both Xerox and a few of our vendors, some of whom compete for business with the Icahn entities in the outside world. They said give it now. The boss went to Legal, who confirmed that an NDA had to be signed by all parties. An Executive with the Board member holding his leash tightly showed-up a day later and screamed at everyone. It went back and forth until the take-over was complete. Our boss was booted a few days later and the head of Legal was replaced by lawyer from Icahn Enterprises shortly after.

@1cir

I agree though the timing maybe off. HP is not going to want to take-on Xerox’s debt nor its pension. Plus, Icahn made it personal. Should Xerox be forced into Bankruptcy, I see HP acting as a stalking horse bidder that will emerge to grab any assets that it feels are valuable.

@1tam+ Thanks for posting the link; that added important points and clarity that the snippet did not provide.

HPQ will buy Xerox later this year at a bargain basement price. Mark my words...

https://www.epsilontheory.com/the-hertz-story-isnt-what-you-think/