in thirty years at xerox, working with many ceo's we have never seen this
somehow ichan deason throw out the previous leadership
somehow the board resigns
somehow the courts over turn the lawsuit filed by deason but its to late for jacobson and board
new leadership places ichan ceo in charge attorney in company
pensioners lose fast healthcare changes pension issues
then xerox changes severance for traditional employees
once new leadership looks inside they found out not much cost to take out of traditional xerox guatemala jamaica how many jobs at 9k can you reduce
even though they make everyone miserable they just can't find much beyond higher paid mgt
so they look at GIS bought with 1 billion in sales now 2 billion making double digit earnings
they talk about smb growth which requires close to the customer local everything
they talk about wanting to reach more dealers
they already owned the best network of dealers the industry has ever seen
we owned GIS for ten years and never learned anything from them because mgt knew they could never execute on the strategy as good as Gis
they were then left alone to make lots of money for xerox
now new leadership found a place to take costs out a short term two year play to pump earning and dump the company
what they miss is the employees and customers will leave faster than they can understand
class action legal issues delaying bonus playing with numbers for employees changing benefits changing severance agreements taking out older employees taking out high paid employees
investors closing real estate just signed sending people to work from homes how can you win smb and have culture working from home short termism
delay paying of vendors juice the cash and earnings
so the grand plan to tech powerhouse
close gis real esate
change benefits
outsource all accounting back office
centralize service
reduce management
watch how fast revenues drop