Xerox CEO Jacobson, Six Board Members Out In Deal To Appease Activist Shareholder Ichan
Xerox CEO Jeff Jacobson and six of the company's other board members have agreed to resign in order to avoid an impending proxy contest and settle a lawsuit brought by activist investors including Carl Ichan. Ichan and Darwin Deason – two of Xerox's three largest individual shareholders – had objected to a proposed takeover of the company by Fujifilm Holdings...