Saturday, 16 December
C. Peter McColough, 84
CEO of Xerox; served as chairman of United Way of America; served as treasurer of the Democratic National Committee from 1974 through 1976; served on the Board of Trustees at New York Stock Exchange, Citibank, Union Carbide Corporation and Knight Ridder; worked initially for Lehigh Navigation Coal Sales Company in the USA before making the switch in 1954 to Xerox; taking over the presidency of Xerox in 1966, significantly changed and altered the direction and goals of Xerox Corporation; by 1979, he had built up Xerox revenues to $7 billion a year and its annual earnings to $563 million.


