And we close the year at an all time low of $2.37. Not exactly Happy New Year.
72% loss of value in a year is shameful.
Can we just not admit now that reinvention is not working?
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@ha Exactly right. Sort of started when PA got rich and had a mid life crisis.
The Inverse Midas Touch is a Xerox hallmark for decades.
Shameless is the one word theme for upper mgmt., for the last 20ish years, on high boil for the last 8.
@ev I’m sure Steve has a plan to make what’s left of his team whole. Something like increasing stock comp 20x. He needs SLT retention to ensure the success of reinvention! I would love to be made whole.
Pure Genius at work
Midas Touch in reverse
@cp Yes - their ‘material’ compensation is now worth 10c on the dollar from two years ago 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
@an management is not. They are concerned with the stock price because shares are a material part of their compensation and probably a piece of their wealth.
Has Lexmark been through the Lean Six Sigma training yet?
$2.37 / 4 = 💩
The reality is that management shouldn't using the stock valuation as a measurement that reinvention is not working. They know its not working and when Xerox acquired Lexmark they used that as an opportunity to pit to groups against each and if management in some situations felt that Xerox employees were the problem for implementing reinvention they are though there actions saying well let Lexmark reinvent though there methods.
The stock price isn't just a reflection of a failed reinvention it's also the investment community saying that the company has a long road ahead of it to any potential recovery. In addition the investment community looks at all the debt on the balance sheet and recent actions to get loans and etc and they just shake there heads or for those that have invested funds cover there faces and cry.