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Xerox top investors call for sale of company and termination of CEO

January 22, 2018 09:20 AM

CNBC reports that two of Xerox's largest shareholders, Carl Ichan and Darwin Deason, have formed an alliance with the plan to call for the sale of the company along with the immediate termination of CEO Jeff Jacobson.

Ichan and Deason, owning more than 15 percent of the company's shares, have been rumored to be calling for changes though this would be the first time either has publicly spoken of a sale.

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The alliance will only increase the the pressure the company has been enduring with the constant move towards a digital world.

The document solutions and services company that is headquartered in Norwalk, Connecticut was founded in Rochester, New York.

Earlier this month, Xerox and Fujifilm discussed a "major deal" that may bring changes to Xerox.

The Wall Street Journal reported the potential deal could include a change of control though a full sale was not seen as likely.

The company employs about 6,000 people in the Rochester area.

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