BUSINESSWEEK ONLINE : MARCH 5, 2001 ISSUE
COVER STORY Where Were They? Poor governance at Xerox may have made the copier giant's problems even worse. Here are a few of the flaws: TOO MANY INSIDERS Five of the board's 15 members are insiders, too many, some governance experts say. NOT ENOUGH STOCK Five board members own fewer than 15,000 Xerox shares, an equity stake considered paltry for directors of an $18.6 billion company. STRETCHED TOO THIN Seven directors sit on five or more boards. Among them: CEO Paul A. Allaire (5) and Vernon E. Jordan Jr. (11). Data: Company Proxy, News Release _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _					RELATED ITEMS Xerox: The Downfall COVER IMAGE: Xerox: The Downfall TABLE: Xerox' History: The Highs and Lows CHART: Xerox Lost Its Hold On Copiers...And Flubbed Desktop Printers... TABLE: Xerox' Dire Finances Commentary: Shhh! You'll Wake the Board TABLE: Where Were They? INTERACT E-Mail to Business Week Online

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