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  "documentTitle": "Xerox Corporation (XRX)",
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  "authorName": "Carl C. Icahn",
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  "presentationDate": "2018-04-17 00:00:00",
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  "notes": "The slide uses the data to argue for leverage in renegotiating joint venture agreements.",
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      "kind": "callout",
      "text": "Xerox should leverage its position of power – being a critical revenue stream for Fuji Xerox and Fuji Xerox being a large part of Fuji – to renegotiate or eliminate the one-sided Fuji Xerox joint venture agreements",
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      "text": "Xerox % Contribution: 18.8%",
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      "text": "Source: Fujifilm and Xerox annual report. Note: JPY/USD exchange rates as disclosed in Fujifilm 2013-2017 annual reports; Xerox inventory purchases calendarized to match Fujifilm reporting period",
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      "text": "...(B) Xerox is likely Fuji Xerox's largest customer...",
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