A couple of tow halls ago so around 6 months ago Sal talked of staff shares.
On the last town hall when questioned he apologized that he was personally responsible and hadn't progressed it, but will have a update very soon.
3rd town hall imminent, has anyone heard or is the chief just blagging it.
Can't take 9 months to figure out something that most companies can do regularly.
I'm sure there will be all kinds of smoke screens and excuses.
Anyone heard anything about the shares?
It's today, is Mike going to make the big staff share bonus announcement after 9 months of waiting or will we just hear more b4ll? And shares only for those at the top?
When is the next town stall meeting?
Town hall announcement this week from Mike, taken 3/4 of a year but he should be making an announcement, its standard across many global companies offering share schemes. Easier than siezing the market and its what you mean when "your looking after your people"
Any news/update on this. Sal has announced a buyback of $1 billion shares so the price has risen, it will benefit him greatly so wonder if he will give any shares to staff as he previously said should be do Able.
DXC is losing money day in and day out. They are not going to give employees below Director level a penny if they don't have too. You all are so naïve
"Most companies give 1 matching share for on bought, so you get 50% off and also tax saving from salary sacrifice. They are the incentives that a company gives to reward staff for delivering."
I asked the same thing when EDS was tanking and suggested a 50% discount on stock instead of their 15% discount. I was told by EDS Investor Relations that the Internal Revenue Service no longer allowed a discounted stock purchase price greater than 15%. However that was stock, and a 401K is a different matter. DXC could offer a substantially higher match than they do. My monthly pension is only worth about 2/3 what it was when EDS changed from a defined benefit pension to a 401K plan in 1998.
Share prices are sliding more and more into the red in regard to economic woes around the world, sluggish growth, high inflation and EU / US crisis and pressure going at it with Putin over Ukraine.
Best option would not to invest into companies if you want a return on your investment and certainly not company like DXC (sliding another 4% )... only invest if you are willing to lose your investment and after the issues of above going away. Otherwise keep money safe in your own bank account or invest in long term bonds / liquidities as a more sounder investment.
It's another tickbox on the sustainability list...
As for someone earlier saying about staff working harder to get the dividend... Historically the dividend (not currently even paid) is chicken feed. Its hardly a 5%er
Most companies give 1 matching share for on bought, so you get 50% off and also tax saving from salary sacrifice. They are the incentives that a company gives to reward staff for delivering.
It's not buy shares at full price, otherwise you can do that on the market and there's no incentive.
@1gdi+1eRIRmh5: It makes a LOT of sense.
Imagine you are now a shareholder. In order for you to get dividends, the company must show a profit. Easiest way to show a profit is for you to work doubly hard and bill like crazy. Thus, the company wind and you win.
Of course, you've bought those shares, either outright, salary sacrifice or in exchange for a pay rise. Either way, these shares are not free, and whatever return you see will be miniscule compared to M2 when he bails and cashes out in a few years.
I am not sure why DXC would want a 1/4 of their workforce to all be holding worthless bits of paper in 5 years time.
I think offering tokens for a happy meal might be worth more.
You really think this will happen? It's just more bluster to keep you holding on for something, anything, that adds some value to your job.
Of course the next question is, "Why would you want DXC Shares?" They won't be given to you, they'd do some sort of share saving scheme, where you sacrifice some of your salary each month, and after 3 / 5 years you get your shares, which are immediately worth less than you paid for them - assuming DXC still exists five years from now.
I'd rather invest in companies that grow and produce a decent dividend - anything but DXC.
ROFL
You seriously waiting on shares? If they don't give raises, why would you ever sit there waiting for shares?
If share option does exist, don't waste your $$/££ investing in company not going places, not growing and share price is stale / no movement
Sure there will be excuses.
All shares are taken up by Sal, Mary, and v node.