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Xerox Corporation was founded in 1906 and is headquartered in Connecticut. It offers document management technology and services. In the 1960s, Xerox introduced the first plain paper photocopier, growing revenues significantly. However, in the 1990s Xerox faced stiff competition and pressure to meet earnings targets. This led executives to engage in fraudulent accounting practices from 1997-2000, improperly recognizing over $3 billion in revenue. In 2002 the SEC launched an investigation and in 2005 fined X

Author

nurhoneyz

Language

EN