Tuesday, May 5, 2009

C'mon Xerox. There has to be a better solution

Xerox to furlough 300 workers for two to six weeks
"Three hundred Xerox Corp. manufacturing employees who work at the company’s Webster campus will have to take furloughs this summer, some as long as six weeks."
Fellas, given the level of executive comp and commuting budgets - $11MM+$125M - and the fact that SAG goes up instead of down, is this really the best you can come up with? What's the effect on morale? Or stewardship of the human capital is that is the real secret sauce? I just can't see how you are enhancing this shareholder's value.

Maybe we'll hear the secret plan or the "exciting new vision for the next five and ten years" that I assume is the subject of the focused, vigorous discussions in the Boardroom that is behind this decision on May 29th.

How about no hire, no fire as an alternative.

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