Thread regarding Conduent layoffs

Icahn takes advantage of the 40% drop in stock and buys larger stake in Conduent

https://www.marketwatch.com/story/icahn-buys-more-conduent-stock-after-ceos-exit-2019-05-13?mod=mw_quote_news

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Post ID: @OP+Z5btxWd

3 replies (most recent on top)

The time for honoring themselves is coming to an end.

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Post ID: @4inr+Z5btxWd

Of course it’s basically his company now. Lots of cheap words coming from the what so called leadership and trying to make people believe this ship isn’t sinking. This is gonna sink any minute. He’s gonna sell it , before that, numbers need to look nice. Guess how? Getting rid of people.

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Post ID: @2izu+Z5btxWd

“This is basically his company,” Shannon Cross of Cross Research told CRN. “We’ll see who he decides to put in as CEO, but he’s got three of the board seats, and I think he was pretty influential in getting [outgoing CEO] Ashok [Vemuri] there. This is basically the same playbook he ran with Xerox, only with a lot less litigation. ... Our speculation is he’ll find a way to carve it up and sell it.”

https://www.crn.com/news/channel-programs/icahn-takes-bigger-stake-in-conduent-amid-turmoil

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Post ID: @yby+Z5btxWd

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