Don’t even try to keep up with what’s happening with Xerox these days because we sure can’t.
By now, or at least the exact moment we’re posting this post on our Website, most of our readers should be up to date with the ongoing drama surrounding Xerox. That news has been all over the newswires and we’ve been in the middle of writing our commentary on what the news of the settlement with investors Carl Icahn and Darwin Deason announced earlier this week means to Xerox. Well we are holding the presses because that could change any minute or within the next 24 hours, as we’ve seen happen over the past few days. One day Xerox CEO Jeff Jacobson and a half dozen Xerox Board members are out, and Icahn and Deason are sitting pretty, two days later, everything is same as it ever was with Jacobson remaining as Xerox CEO and the six Xerox Board members still in place…at least for now.
This is obviously a crazy time for Xerox’s corporate communications department as the press releases on the Fuji Xerox deal and the Icahn-Deason settlement/non-settlement, are being issued at a fast and furious pace.
In the latest news that came out this afternoon, Xerox is filing an appeal against the New York Court’s decision of a week ago to enjoin the Fuji Xerox merger. Read the press release here.
While the news that came out this morning about the Icahn-Deason settlement expiring was even more shocking than the news on Wednesday about the Icahn-Deason settlement. Read the press release here.
And if you want to go back to Wednesday and read the original release about the settlement, the one we were planning to offer commentary on, read that here.
For now, we are withholding commentary until this drama dispenses with all the false endings and the end credits really do roll. That said, it’s been a fascinating story to follow and you can expect our in-depth commentary when the time is right.
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