"As part of the move, billionaire Mr. Icahn will get three seats on the services company’s board, the people said. Mr. Icahn in November disclosed a stake in Xerox and said he would seek talks with the company about its future. With an 8.1% stake in the company, Mr. Icahn’s hedge fund is now the second-largest shareholder after index giant Vanguard Group.Xerox to Split in Two; Carl Icahn to Get Three Board Seats - WSJ
Xerox, which generates about $20 billion in annual sales, has a market value that is less than half its annual sales. The shares lost a quarter of their value last year and have shed an additional 13% so far this year, ending Thursday at $9.23."
Friday, January 29, 2016
Xerox to Split in Two; Carl Icahn to Get Three Board Seats - WSJ
Perhaps time for a revised edition of Fumbling the Future