JohnV's signing bonus was 10 million USD

If I read this correctly, JohnV better step up and earn the big bucks $11.5M+++ he is making.

I hope he is not just bringing in his old friends to milk the Xerox coffers. Like Melissa Mayer did to Yahoo.

https://www.sec.gov/Archives/edgar/data/108772/000119312518164259/d430950dex104.htm

Instead of just cuts and layoffs, it takes a lot more to build a good technology company. He didn't do it in the Enterprise division at HP, before he "left to pursue other opportunities" (read Meg gave him the boot).

Maybe he can connect and evolve with the right support?

Comment! It's anonymous!

5 replies (most recent on top)

If I were him, getting the company sold and cashing out is a lot safer than trying to ride out an entire year.

I didn't see that filing info, but when he originally signed, it was reported that his compensation package was that number, with three very interesting vesting clauses for his stock options:

Immediate vesting if there is a change of control / company sold
Immediate vesting if he is terminated without cause
Versting after one year

So, basically he only has to make it one year without doing anything unethical and he gets paid. Maybe those are standard clauses, but it sure seems like he's set up to sell the company and move on.

That amount is CRAZY!! Turn around the company, then you get a bonus!! The rich get richer and the employees get chopped!

LOL, John and the team has has brought in are being paid to sell Xerox whole or in part that maximizes the value for Mr. Icahn and Mr. Deason. Just looks at their resumes. Nothing else matters. Its that simple.

What is wrong with you? Get your resume together and GET OUT!

Thread regarding Xerox Corp. layoffs

JohnV's signing bonus was 10 million USD

5 replies (most recent on top)

Post a reply