Paul Allaire
Paul Allaire
Paul Arthur Allaireis a businessman who served as CEO and Chairman of Xerox Corporation, and as a director on several other public companies...
current expectation fact good half improvement less momentum pushed quarter recovery second therefore turnaround
Clearly, the fact that our current expectation on the second quarter is less than we anticipated ... our recovery is pushed back in time. We do expect the turnaround to be there and be significant and therefore have an improvement in the second half and have good momentum going into 2001.
anne becoming board ceo confident consistent developed effective execution gradual last leadership named plans president returned transition year
This leadership transition is consistent with the Board's plans developed last year when I returned as CEO and Anne was named president and COO. The plan called for a gradual transition of leadership with Anne becoming CEO when the Board was confident of the effective execution of Xerox's turnaround. Clearly, this requirement has been met.
board build chose consider decision directors effective eliminate execution financial helps progress provide required restoring returns serious strength turnaround xerox
After serious deliberation, the Board of Directors chose to eliminate the dividend -- a decision that contributes to the progress Xerox is making in restoring its financial strength and helps to provide the flexibility required to build on the effective execution of its turnaround plan, ... As Xerox returns to profitability, the Board will consider the reinstatement of dividends.
caused customer drag force producing product profitable relationships sales time
The disruptions in customer relationships caused by our sales force realignment, at a time when competitors have strengthened their product capabilities, is producing a drag on the second-quarter sales of our most profitable products.
advancing business committed directions management team totally
This is all about execution. This management team is totally committed to advancing our business strategies. Rick's directions and initiatives were, in fact, right.
advancing business committed directions management team totally
This is all about execution, ... This management team is totally committed to advancing our business strategies. Rick's directions and initiatives were, in fact, right.
timing turnaround
We're confident about a turnaround, but the timing is clearly later.
rewards things-change recognition
If you talk about change but don't change the reward and recognition system, nothing changes.