Report: Investors wants Xerox CEO out

Report: Investors wants Xerox CEO out


By Spectrum News Staff

ROCHESTER, N.Y. — Powerful voices are calling for Xerox to explore its options, including a possible sale.

The Wall Street Journal reports major investors Carl Icahn and Darwin Deason are pushing the digital print company to take action, including the removal of Xerox Chief Executive Jeff Jacobson.

So far Xerox board members are backing Jacobson, saying members are confident with the strategic direction in which the company is heading.

Ichan and Deason also asked the company to publicize its long-running photocopier joint venture with Fujifilm Holdings and to renegotiate the deal.