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Ursula M. Burns, is an American businesswoman. Many felt the move was made so that the company would have provide fewer workers with health coverage as part of the Affordable Care Act, since only employees working more than 30 hours per week have to be covered.Take Abercrombie & Fitch CEO Michael Jeffries who brought shame to his company when he made it seem like his company it had a discriminatory policy toward customers, when he said the clothing company’s target audience were “cool, good-looking people with ‘washboard stomachs.’”“It was the second round of a total of roughly 500 layoffs,” reports HuffPo.
As a result, Burns received a positive review from fewer than one-third of Xerox’s 140,000 employees. In January, Xerox announced it would separate into two stand alone, market-leading companies – a Document Technology company comprised of its Document Technology and Document Outsourcing businesses and a Business Process Outsourcing (BPO) company. Shares of Xerox are up about 50% since Burns became CEO. In 1980, Burns joined Xerox as an intern and worked her way up to CEO. “Instead, Xerox’s services business has faltered and revenue flattened. It is impossible to understand how the board awarded her so much, and gave her any position in one of the two new companies. Xerox has not grown for several years. The separation is on track to be completed by the end of 2016. The results were a continuation of poor numbers that were not better in 2015.The publicly traded corporation’s board decided:At the annual meeting, Burns stated:Corporate raider Carl Icahn took a position in Xerox before the split.In 2015, we continued to optimize and position our portfolio for the future. HP Inc. has increased by about 50% the payout its chief executive officer will get if he’s fired in a hostile takeover by Xerox Holdings Inc. or any other kind of change of control.

By selling our Information Technology Outsourcing business and restructuring our government healthcare business, we achieved greater focus on higher margin growth segments in our Business Process Outsourcing and Document Outsourcing businesses. She is a member of the board of directors of Uber. Her repeated claims that the company’s 2010 $6.4-billion buyout of Affiliated Computer Services would re-energize Xerox’s years of sagging fortunes failed to materialize. When he slashed employee benefits and switched a number of workers from full-time to part-time status, employees weren’t happy. Black women seek information on a wide variety of topics including African-American hair care, health issues, relationship advice and career trends - and MadameNoire provides all of that. Xerox Corp.’s top executive and six board members agreed to step down in a victory for Carl Icahn’s battle against the company’s planned $6.1 billion takeover by Fujifilm Holdings Corp. Usually Xerox CEO Ursula Burns is praised for her trailblazing role in corporate America. By continuing to use this site, you agree to our updated Terms of Service and Privacy Policy.24/7 Wall St. looked at more than 225 companies with more than 500 comments to find nine CEOs with the lowest favorable reviews — 40 percent or lower.MadameNoire ® Copyright © 2020 BossipMadameNoire, LLC All Rights Reserved | BHM DigitalFor Burns it has been leadership missteps. Additionally, in Document Technology we introduced nine new products that reinforced our reputation for market-leading innovation.A look at 2015 results, and the long-term price of Xerox shares, shows how little these decisions meant.Burns’s 2015 compensation was $10.6 million. The S&P is higher by nearly 100% over the same period. And while jobs were being cuts, Burns was awarded an average of $13 million annually between 2010 and 2012. Excessive executive bonuses were also the black mark against the three brothers of the Dillard family, the retail giants, were paid a total of more than $58 million between 2011 and 2013.We've joined the BHM Digital family of websites and have updated our Terms of Service and Privacy Policy. While CEO from 2008 to 2016, Starbucks’ stock price swelled from $9 to $55.