Both Conduent and Xerox have been using the same playbook - move work to India, cut already meager employee benefits, create a very expensive, ruthless and unethical executive team, etc. And for what? Conduent stock price is down 75% since separation and XRX is 20% lower than it was when Fuji merger was announced. Tremendous pain for employees and bad returns for shareholders are not a winning combination!
He just keeps on buying more and more Conduent stock, as the stock keeps going down and down and down. I don't know what his plan is. He can't possibly think this ship is going to right itself. Does he just think he's going to find some s—er willing to buy this piece of hot garbage for two or three times the stock price? Or is Conduent just going to be his tax writeoff for the rest of his portfolio?