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Stocks X / Xerox Corporation
|Subject: Re: Red Herring||Date: 7/22/2000 8:34 AM|
|Author: phoolphancy||Number: 1291 of 3607|
Xerox continues to lead in the most important areas.
Much is made of "Top management" as being the reason for the current Xerox condition, however the culture of XRX is changing all the way from top to bottom.
"Xerox has been named by Fortune Magazine and the Council of Economic Priority (CEP) as one the top 50 companies for Asians, African Americans and Hispanics. This is the third consecutive year that Xerox has achieved a Top 50 ranking.
Xerox placed 11th on the list, up from last year's ranking of 19th.
CEP & Fortune analyzed data from 148 companies in 15 different quantitative and qualitative categories such as what percentage of new hires are minorities, whether the company ties performance reviews and bonuses to diversity goals and how many minorities are in leadership roles."
This type of change will require some time before the full powerful and positive effects of a diverse workforce ushers Xerox back to it's former greatness. I'm holding a good portion of my retirement funds in XRX in anticipation.
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