On January 22, 2018, Carl Icahn and Darwin Deason released a joint statement regarding Xerox Corporation. In the statement, Carl Icahn and Darwin Deason stated that they are completely aligned regarding their views on the following subjects, they have agreed to act in concert and have formed a ‘group’ with respect to the contemplated solicitation of proxies to elect 4 new individuals to the board of directors at the Company’s 2018 annual meeting of shareholders: (1) in light of the recent accounting scandal at Fuji Xerox, the joint venture should be terminated or renegotiated to make it more favorable to the Company, (2) the Company should immediately commence a process with new independent advisors to explore strategic alternatives, (3) the Company should immediately disclose the agreements governing the Fuji Xerox joint venture, (4) CEO Jeff Jacobson, a member of the Company ‘old guard,’ is incapable of creating long-term value for the Company shareholders and should be replaced immediately, and (5) if the ‘old guard’ directors are unwilling to make the tough decisions necessary to prevent the Company ship from sinking, then they must be replaced as well.