Technology

Icahn, Deason Push Xerox to Explore Sale, Fire CEO

BN-XC517_3nt4F_G_20180122100412

In a letter made public Monday, billionaires Carl Icahn and Darwin Deason wrote, ‘Every day that the ’old guard’ remains in power—feebly overseeing the company’s steady decline—is a waste of time.’

Hedge fund managers Carl Icahn and Darwin Deason demanded on Monday that Xerox Corp explore strategic options and said they would join forces to elect four new members to the board, sending the company's shares higher.

Source: Reuters

All Sources: Wall Street Journal Reuters

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