America's Best Leaders: Anne Mulcahy, Xerox CEO

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I think that was pretty cool of you being the best leader. Im taking leaderingship classes so i can be a good leader.

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Ann Mulcahy

December 20, 2008

Dear President elect Obama and Vice President elect Biden,

We voted and campaigned for you and congratulate you both. We are confident you have America’s middle class at heart. Your polices will determine our future voting, however we fear you have made a mistake selecting Anne Mulcahy, CEO of Xerox, to your economic team.

My wife and I along with 30,000 other middle class employees retired from Xerox with over 30 years of dedicated service were promised retirement benefits when we retired. Ann Mulcahy CEO of Xerox has completely eliminated funding for promised health care benefits for all 30,000 retired employees and 50,000 future retirees.

Anne Mulcahy enjoyed a 22% increase in salary for performance as CEO in 2008. Xerox has repurchased 4.5 billion dollars of their stock, paid down debt, annual revenue growth was 8.4% and net income is 6.2%. This action to eliminate promised health care benefits of elderly retired 30 year plus employees who can least afford and plan for is purely corporate greed and unjustified.

Letters to Anne Mulcahy asking her to reverse this change in promised benefits have received no replies. Please convey the hardship Ann Mulcahy has inflicted on Xerox retirees and request she permanently reverse her decision eliminating funding for Xerox retirees promised health benefits they worked their entire lives for. I sending this request to every one on your committee and others who may come in contact with Anne Mulcahy, including government representatives, public media, present and retired Xerox employees.

Your view in this matter would be greatly appreciated.