(Bloomberg) -- Xerox Corp. is home to a lot of firsts. It invented the laser printer, the Ethernet data network and the computer mouse. Now it may become the first Fortune 500 company headed by a black woman.
Chief Executive Officer Anne Mulcahy, 54, on April 3 named Ursula Burns, 48, president with the expectation that she would move up when Mulcahy steps down, analysts including J.P. Morgan Securities Inc.'s Bill Shope wrote in notes on the appointment. Burns, who grew up in a housing project in Manhattan, also became the only inside director besides the CEO.
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