I have a question for anyone who may know. What percent, collectively, does the Xerox senior executive staff own of Xerox stock, and will that % be a factor when the vote takes place at the annual meeting on approval of the holding company? As we know, the first 2 to 3 layers of management, not just the top layer, are loyal to Icahn/Deason.
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This is the OP here. To osp who indicated I didn't know what I was talking about, let me restate. The new senior managers brought in below the top level may not be directly loyal to Icahn, but they were hired by the new C-suite management, so do not have the loyalty / commitment / passion, or even the interest in Xerox / GIS employees and customers that most prior management had. Many have either been laid off or outright quit, yes?
Corporate executives own less than 1M shares TOTAL, which is a whopping 0.4% of the total outstanding shares. PLUS, almost ALL of these shares are "Restricted Stock Units" that do NOT have voting rights.
Deason and Icahn own nearly 16% of outstanding shares. So, the C-Suite isn't going to tip the scales at the May Vote.
Plus, 87% of the outstanding shares are owned by Institutional investors whose primary goal is to make money for their clients. If they think Icahn can make them money, they will vote in favor of the holding company for sure.
This is what the C Suite Owns:
Johnny V. - 378,505.
Steve Bandrowczak - 167,559
Bill Osbourn - 146,412
Mike Feldman - 71,065
Herve Tessler - 130,859
Suzan Morno-Wade - 48,303
Louis Pastor - 46,885
Icahn on the other hand owns 23,456,087 shares.
you clearly have no idea what you are talking about based on that last sentence.