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Pitney Bowes unveiled its new logo in January 2015, replacing one used since 1971; the rebranding campaign, which included an updated Web site and marketing, reportedly cost between $40 million and $80 million. [6] Pitney Bowes' 2015 profits totaled $408 million, but this declined to $95 million in profits for 2016.
2005: Acquisition of U.S.-based Imagistics International, Inc., originally Pitney Bowes Office Systems (PBOS), which sold fax machines, copiers, and multifunction devices. In late 2006, Imagistics became the Océ Digital Document Solutions (DDS) division, and later, the Document Printing Systems division.
Among dividend investors, Pitney Bowes is a favorite, thanks to its S&P 500-leading dividend yield. Yet that high yield comes largely from a big decline in the company's share price.
On May 17, 2012, Pitney Bowes filed Form 8K with the Securities and Exchange Commission, announcing that shareholders had rejected the advisory vote on executive compensation at the company. [ 36 ] While CEO of Pitney Bowes in 2008, Murray D. Martin earned a total compensation of $5,115,280, which included a base salary of $941,667, a cash ...
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In 1995, Pitney Bowes sold Dictaphone to the investment group Stonington Partners of Connecticut for a reported $462 million. [6] Dictaphone thereafter sold a range of products that included speech-recognition and voicemail software with limited success as the market only existed among some early adopters despite its vertical markets' enhancements.