Xerox Chairman and CEO Anne Mulcahy joins others from the private and public sectors on the Obama Transition Economic Advisory Board:
There will be several prominent members from both the private and public sectors on Obama's economic transition board, including billionaire investor Warren Buffett, former Treasury Secretaries Robert Rubin and Lawrence Summers, former Federal Reserve Chairman Paul Volcker, and former SEC Chairman William Donaldson.Other members include former Michigan Rep. David Bonior, former SEC Commissioner Roel Campos, former U.S. Commerce Secretary William Daley, former Federal Reserve Vice Chairman Roger Ferguson, Michigan Governor Jennifer Granholm, Xerox Chairman and CEO Anne Mulcahy, Time Warner Chairman of the Board Richard Parsons, Hyatt CEO Penny Pritzker, former Secretary of Labor Robert Reich, Google Chairman and CEO Eric Schmidt, former National Economic Council and President's Council of Economic Advisors chairman Laura Tyson, and Los Angeles Mayor Antonio Villaraigosa
This group looks more like an MBA guest lecture series line-up then an advisory board, but our current economic crisis could probably use a little non traditional economic thinking then a room full of economic PhDs would provide.
Discussion
By Cory Ducey on Nov 12, 2008
With how Anne Mulcahy turned our company around, it is wise to see President-Elect Obama pick some of the biggest and successful companies to help drive the economy in the right direction.
By JFromCA on Nov 24, 2008
Hmm... did she really turn the company around? Last time I checked, the stock was about $6 per share, and assets (e.g., the high-rise by LAX) were being sold off.
Kudos to her if things work out, but I'm not sure Obama's making the best choice.
By Michael Josefowicz on Nov 25, 2008
Let's say she has a long term view... just increased the new toner manufacturing in Rochester and doing lots of growth in India and recently bought that sales channels for small boxes.
Plus they have that joint venture with Fuji that is doing the rest of Asia.
Will the gamblers in market see it? Who knows.
On the other hand, how about some dividends for us loyal shareholders and forget the stock price for now. Higher stock prices ain't going to happen for a while anyway.
By Michael Josefowicz on Dec 30, 2008
So..what do people think about the suggesting to Xerox friends that they spin off XGS and Production - joining together office devices and voluem productiong devices and Printing and Supplies?
Given the present stock price, it's not going to get any lower (probably)...plus it will make each business transparent and much more accountable