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5 Companies That Had A Rough Week

For the week ending Dec. 15, CRN looks at IT companies that were unfortunate, unsuccessful or just didn't make good decisions.

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Carl Icahn Steps Up Pressure On Xerox, Wants CEO Jacobsen Out

Xerox – and CEO Jeff Jacobson – are ending 2017 on a turbulent note with activist investor Carl Icahn (pictured) pressuring the company for change and this week calling for Jacobson's removal less than a year after his appointment.

Icahn, who owns more than a 9 percent stake in Xerox, said in a Wall Street Journal interview this week that Xerox is in danger of going "the way of Kodak" unless changes are made. He has nominated his own slate of candidates to replace what he calls "the old guard that controls the [Xerox] board."

Jacobson became Xerox CEO in January when the company split into Xerox and services provider Conduent.

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