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  "authorName": "Carl C. Icahn",
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      "text": "How could Xerox possibly justify valuing Fuji Xerox at an enormous premium when this massive accounting scandal remains unresolved?",
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      "text": "Nikkei Asian Review: Yamamoto steps down as Fuji Xerox chairman over accounting scandal",
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      "text": "Impacted Xerox’s 2009 through 2017 fiscal years; Fuji Xerox chairman and three other senior executives “retired” following the scandal; Shigetaka Komori (Fuji CEO) and Kenji Sukeno (Fuji President and COO) took significant pay cuts; “Culture of concealment” and Fuji’s deficient “subsidiary management system” detailed in an over 300 page independent investigation report available here; More adjustments could be on the way",
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      "text": "And Fuji Xerox still has not resolved its recently disclosed $360M accounting scandal, which was caused by a “culture of concealment” and Fuji’s failure to have adequate subsidiary management systems",
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