Xerox Corporation: I believe Xerox problem was not with people but with skills such as communicating with workers. For example Barry Romeril, the chief financial officer had done a weak job overseeing corporate finances. He caused a write off of $119 million from a subsidiary with only $400 million in revenues and he also exposed the company to the turbulent Brazilian economy by failing to hedge against currency exchange rates. The company was also facing downgrade of its bond to junk status and numerous shareholder lawsuits. Barry Romeril exposed the company to the turbulent Brazilian economy by falling down against currency exchange rates. Also another problem with Xerox had been their management of employees. Their schedule forced workers to work extra and left them tired which lead them to leave and join other companies with valuable information about Xerox. In my opioion Barry Romeril should have been fired but since he had an friendship with Allaire, the chairman he remained in this position.
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