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Xerox CEO Defends ACS Deal

September 30, 2009
by Jon Fortt
Senior Writer, Brainstorm Tech, Fortune

Jon Fortt

Xerox’s new CEO bets big on services. Can she convince investors she made the right move?

Ursula Burns calls less than 30 minutes after the markets close on the most tumultuous trading day in Xerox (XRX) history, and she sounds, well, energized. Not quite 100 days into the CEO job, on Monday she launched the biggest acquisition bid in the company’s history and survived a 15% drop in its stock price on record volume. And she’s still standing.

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