Xerox Soap Opera Continues; the Board Will Stay (For Now) After Settlement Agreement Expires
In the ongoing saga of Xerox versus Carl Icahn and Darwin Deason, Xerox’s board surprisingly reversed its mere days old decision to cede control of the board to activist investors Icahn and Deason. The prior settlement agreement, which would’ve resulted in the replacement of the CEO, chairman, and several other directors, expired after Deason failed to agree to suspend his litigation against Xerox directors. As a result, the company remains in limbo as the two sides continue to bicker over contr...Xerox is a provider of digital print technology and intelligent work solutions. The company operates in three main areas: Intelligent Workplace Services, which includes a continuum of solutions and services consisting of managed print services, industry digital solutions, personalization and communication software, content management solutions, and digitization services; Workplace Solutions, which is made up of two product groups, Entry and Mid-Range, which share common technology, manufacturing and product platforms; and Production Solutions, which enable full-color, on-demand printing of a range of applications, including variable data for personalized content and one-to-one marketing.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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