FedEx's 2004 purchase of Kinko's, the office services firm, drew criticism, and its revenues are flat.
For a company that once prided itself on collegiality, last month's annual meeting of Kinko's at the Inter-Continental Hotel in Dallas, Texas, was a sobering event.
Though growth in the U.S. has slowed, Kinko's can make gains in Europe, where it owns or co-owns 120 stores with such partners as Virgin's Richard Branson.
The Fairchild mess and a dispute involving Clayton's management of the copier chain Kinko's (FORBES GLOBAL, June 10) mar the record.
Another minus for FedEx is the money it is pouring into its ailing copy chain, Kinko's.
On the Web services front, Gates announced a deal with privately held Kinko's.
Kinko's will install a Jini network that allows a document at one shop to be printed at any other.
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He needs permission from the company to visit any of Kinko's 1, 100 stores.
Paul Orfalea, founder of Kinko's and author, with Ann Marsh, of Copy This!
Orfalea and his 125 former partners, who collectively own 35%, are demanding that Clayton, Dubilier either take Kinko's public or buy them out.
One unhappy shareholder was conspicuously absent: Paul Orfalea, the soft-spoken, self-deprecating founder of Kinko's, whose curly hair was the source of the company name.
Although he still owns 15% of the company and holds the honorary title of chairperson emeritus, Orfalea has been unwelcome at Kinko's for the past two years.
He is also looking to sue Kinko's and Clayton, Dubilier for refusing to issue the same earnings projections to the smaller shareholders that it allegedly provides to AOL Time Warner and J.
And my first race where Michelle and I would go door to door with these Xeroxed -- we'd gone to Kinko's and we had kind of printed up these little hand cards.
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The squabble has its roots in a series of transactions beginning in 1996, when Clayton, Dubilier rolled up the 130 partnerships that owned Kinko's into one company in exchange for a 27.5% stake and effective control.
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