Xerox, A Love Story - Dr. Ivan Misner®

Xerox, A Love Story

I love a company that takes care of its employees.  When times are tough, you hear one story after another about companies callously letting go of the very people who drive the business.  Well, here’s a story that I think every company should emulate.

A number of years ago, Xerox had some big cutbacks.  A large government contract had not been renewed and Xerox was forced to close down work being done in one of its large plants in Southern California.  Unfortunately, three buildings had to be shut down, and virtually all the employees working in those buildings had to be let go.  My dad was one of those employees.  He was 62 years old and had worked for the company as an electrician for nine years and 8 months.  He was, unfortunately, only four months short of vesting in his retirement and medical benefits.  When management discovered this, officials worked with him to change his classification and to allow him to help clear out, board up and shut down the three buildings.

When my dad finished the job early, Xerox found other work for him to do.  The company ended up laying off every employee in those buildings, including my father’s supervisors.  However, it kept my dad on until he hit 10 years and one week of employment.  Then the company laid him off with all his fellow employees.  However, he was now fully vested in his retirement and medical benefits, which completely changed his lifestyle for the better during his retirement years.

Most companies, under these circumstances, would have let an employee go without blinking.  Most companies would not have cared that an employee was only four months short of retirement.   Xerox cared.  I love that about the company, and I love its product. This happened more than a decade ago.  I promised myself that I would only buy Xerox copiers from then on.  The latest one is in my office today.

I love a company that cares about its people this much because it speaks volumes about the company’s ethics and loyalty–it shows me that it does what’s right even if it doesn’t necessarily benefit the company.  A company that cares about doing what’s right is a company you can trust; you don’t have to constantly look over your shoulder and wonder if it’s going to take advantage of you or rip you off.  To this day, I have great confidence in Xerox as a company and I am more than glad to give it my business.

If you have had a great experience with a specific company, why not pay them a little lip service?  I, for one, would love to find out about great companies that probably deserve my business.  Leave a comment here and tell me what company you love and what it is about them that makes you love it.

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2 thoughts on “Xerox, A Love Story

  1. Ivan,

    My IFA is Jerry Rubin. Jerry has on many occations shared with me what commission he may be due on any particular deal he is recommending. In doing so he convinces me that his advice is open and honest. Jerry always does what is best for me his client and looks at the whole of the market. In doing so Jerry always gets my business as he has proven to me he can be trusted. I know 100% that Jerry would not sell me a product that was not right for me, even if that meant he would not get any commission or fee.

    So what did Jerry choose to call his company? Pure Financial Advice, it says it all….

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