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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.
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.
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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 ...
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.
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