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9 May 2018
Jeff Jacobson is Back as CEO of Xerox
ROCHESTER—
He is back. Jeff Jacobson is not going any where. Who is going to run Xerox has taken another turn. Last week Xerox was going to turn the management of the the company over it's two largest share holders Carl Icahn and Darwin Deason after a court blocked the deal with Fujifilm. The majority of the board was going to resign and Jeff Jacobson CEO was stepping down.The deal is off and Xerox is going to fight the court order, engage in a share holder proxy battle and resume discussions with Fujifilm on a merger of Xerox and Fuji Xerox( partnership between Xerox and Fujifilm).
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He is back Jeff Jacobson as CEO of Xerox
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Deal between Xerox and Fujifilm may still happen
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Fujifilm owns 75% of Fuji Xerox which operates in Asia. If Fuji Xerox is combined it will create a $28 billon company and is expected to cut costs by over $1 billion a year.
Fujifilm and Xerox have become reliant on each other to the point were some have said the two businesses have become intertwined. Xerox no longer builds its own office copiers, instead relining on Fuji Xerox. If the merger does not happen sorting out the paten ownership will be a challenge.
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