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At its upcoming annual meeting, Xerox Holdings Corporation is putting some of its most contentious decisions directly in shareholders’ hands—but not without raising questions about who truly stands to benefit. Investors are being asked to approve a slate of directors who will control oversight, a Say-on-Pay vote that could reward executives regardless of performance, and an expanded equity incentive plan that may dilute existing shareholders while enriching insiders. On top of that, the company’s touted ESG goals and post-acquisition workforce initiatives are under scrutiny: are they genuine commitments to long-term sustainability, or strategic narratives designed to secure shareholder approval without real accountability? This vote isn’t just procedural—it’s a test of whether Xerox’s leadership aligns with the interests of everyday investors or simply protects its own.
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