The Recycler
  • Static Control June 2022 Masthead Ad
  • Biuromax Web banner June 2022
  • https://www.ecs-uk-ltd.co.uk/partner-us?utm_source=tr-636x124-8&utm_medium=didiad
  • Katun March Web Advert 2021
  • Ninestar Web banner ESG July 2022

Shareholders slam Xerox’s ‘misleading campaign’

Shareholders slam Xerox’s ‘misleading campaign’

May 11, 2018

In the latest of a series of open missives to shareholders published on Carl Icahn’s official website, Icahn and fellow shareholder Darwin Deason have heaped scorn on the latest open letter penned by Xerox’s Board.

In the letter released on Xerox’s company site, the Board said that it was setting “the record straight” with its shareholders, and expressed its view that Mr Icahn and Mr Deason did not have the right “to speak for all shareholders or deprive any shareholders of their right to be heard.” The OEM also reiterated its commitment to maximising value for its shareholders.

Icahn and Deason swiftly issued their own letter in response, published on 10 May 2018, in which they claimed that the Xerox Board had “grossly” misrepresented the facts about their conduct”, and decrying the OEM’s letter as “nothing more than an unconscionable attempt to deny clear documentary evidence proving” that its directors “consistently put their own interests ahead of Xerox and its shareholders.”

They then go on to systematically refute every claim made in the Xerox letter, before concluding that the “Xerox Board is delusional” and deriding what the two shareholders dub the Board’s “infinite, benevolent wisdom”.

Icahn and Deason finish their missive by urging their fellow shareholders “to continue your attempts to contact the Xerox Board and request that they immediately terminate the proposed deal with Fuji and then resign and make way for a new conflict-free, shareholder-focused board of directors.”

Categories : Around the Industry

Tags : Business Carl Icahn Darwin Deason Fujifilm Shareholders USA Xerox

  • Aster July 2022 Web banner
  • GPI July 2022 Web Banner
  • Mito July 2022 Web banner
  • Apex UStation web banner
  • IR Italiana Web ad January 2021
  • GM Technology July 2022 Web banner
  • Static Control June 2022 Big & Bold Ad
  • ITP Web ad January 2021
  • CET June 2022 Web ad
  • Zhono web ad May 2022
  • HYB Web banner
  • PCL Web ad January 2021
  • CTS New Ad March 2022
  • HYB Web banner
  • CET June 2022 Web ad
  • PCL Web ad January 2021
  • CTS New Ad March 2022
  • Zhono web ad May 2022
  • ITP Web ad January 2021
  • HYB Web banner
  • Zhono web ad May 2022
  • CET June 2022 Web ad
  • CTS New Ad March 2022
  • ITP Web ad January 2021
  • PCL Web ad January 2021

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2021 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021