Xerox Proxy Battle Hinged On CEO Conflict
For ousted Xerox CEO Jeff Jacobson, the perception (echoed by a judge) that he was pushing forward with a merger deal with Fujifilm to save his own job proved too much to overcome.
For ousted Xerox CEO Jeff Jacobson, the perception (echoed by a judge) that he was pushing forward with a merger deal with Fujifilm to save his own job proved too much to overcome.
Xerox, the company that gave us the ethernet, the mouse, the graphical user interface, and the PC has succumbed as much to technology disruption as to corporate rot.
Studies have shown that while it remains a critically important Board function, leadership transition planning is often ignored.
Board members must do a better job of hiring for the C-suite, with a broader list of criteria and a longer-term horizon in mind.
If board directors don’t have enough to worry about today, there’s the prospect of sudden departure of leadership at the top level.
Although Doyle’s retirement announcement stunned the markets, CEO succession has been well planned by the Domino’s board and the transition to Richard Allison is expected to be smooth.