Companies should die off from competitive pressures. It is hard to build a company and many thousands of people rely on a company like Xerox for their welfare.

Companies should die off from competitive pressures. It is hard to build a company and many thousands of people rely on a company like Xerox for their welfare. I think there is a problem with the wanton destruction of companies so that a small group can take dicerolls on whether or not capital can pay down debt over the short to medium term. I'm all for activist investors, but Icahn has always been more of a vulture. His self dealing in the TWA fiasco was particularly egregious.