Xerox Sought New CEO as Jacobson Negotiated Fujifilm Deal

Mony
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Xerox Corp.’s board told Chief Executive Jeff Jacobson in November to stop negotiations with Fujifilm Holdings Corp. because it was considering firing him, a newly amended lawsuit alleges.

Instead, the suit says, the executive raced to strike a complex deal that would leave him in charge, and cede control of the American icon to the Japanese company, a move that has been criticized by two of Xerox’s biggest investors.

Though…

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