Welcome to our dedicated page for Pitney Bowes news (Ticker: PBI), a resource for investors and traders seeking the latest updates and insights on Pitney Bowes stock.
Pitney Bowes Inc. (NYSE: PBI) is a renowned global technology company established in 1920, dedicated to offering innovative products and solutions that help clients navigate the complexities of commerce. With a focus on customer information management, location intelligence, customer engagement, shipping and mailing, and global e-commerce, Pitney Bowes serves more than 1.5 million clients worldwide, including 90% of the Fortune 500, over 200 retailers, and numerous small businesses.
Pitney Bowes operates through three main business segments: Global E-commerce, Presort Services, and SendTech Solutions, with the majority of its revenue generated in the United States. The company's extensive portfolio includes domestic delivery, return and fulfillment services, cross-border shipping solutions, presorting services, and digital mailing and shipping technologies.
Driving their relentless pursuit of innovation are Pitney Bowes' 15,000+ dedicated employees. The company's commitment to technological advancement is evident in its 2,300 active patents, ensuring precise and accurate solutions for their clients. Recent partnerships, such as the one with ReverseLogix, enhance their service offerings, providing substantial savings and increased efficiency in return shipments.
In terms of financial health and corporate responsibility, Pitney Bowes continues to progress, leveraging its longstanding expertise and modern capabilities to meet the evolving needs of its diverse clientele. For the latest updates, corporate announcements, and financial results, visit their newsroom.
Hestia Capital Management, holding an 8.5% stake in Pitney Bowes (NYSE: PBI), announced that the independent proxy advisory firm Institutional Shareholder Services (ISS) has recommended stockholders elect four of Hestia's director nominees—Milena Alberti-Perez, Todd Everett, Katie May, and Kurt Wolf—at the upcoming 2023 Annual Meeting. The recommendation underscores a demand for significant boardroom change after a decade of underperformance and poor governance at Pitney Bowes.
ISS noted stockholders' discontent with the current board and emphasized the need for independent oversight to enhance capital allocation, corporate governance, and the company's long-term strategy. The urgency for change is highlighted by Pitney Bowes’ declining financial performance, highlighting a critical moment for shareholders to reevaluate board composition.
Pitney Bowes (NYSE: PBI), a global leader in shipping and mailing solutions, has announced that its award-winning PitneyShip™ Cube is now available for purchase on Amazon. This innovative product simplifies shipping processes for e-commerce and office users by integrating a thermal printer, scale, and mobile printing capabilities. Featuring a built-in 15-pound scale, the PitneyShip Cube enables users to weigh packages, print labels, and access discounted shipping rates, saving up to 89% on Priority Mail. Launched on PitneyBowes.com in November, its Amazon launch marks the first time a Pitney Bowes product is sold through an independent retailer. The Cube received a Gold Award at the 2022 International Design Awards, highlighting its excellence in product design.
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