"Just remember they are paying that imbecile Sal 21 million a year .... all he has done is fire people, remove the dividend, and change the color of the logo. What a dumpster fire"
An investor comment in Yahoo Finance.
4 replies (most recent on top)
Responding to post @jmx+1gsiG0Xj, "Sell to Atos, Accenture or the highest bidder and move on....."
Do you really think anyone would want to buy this crock? It's worth nothing, has only liabilities, and is so toxic that no sane company would even consider buying it.
Investors should sell while shares have at least some value. Clients should leave and go to a company that cares about customer service. Employees should get out fast and go to an employer who treats staff better (hint: most employers treat staff better than DXC).
Shade0103 months ago
It is a spin off of HP an exists solely for the purpose of giving Big Sal the CEO and his hand picked cronies enormous salaries and benefits. Otherwise it is a #$%$ outsourcing company with no direction, no growth and no leadership. Motto should be, #$%$ the employees?
#ISeeDXC. #DXCSucks
Between Mike selfino $21million
Vnode baygirl $5m
Mary F $5m
That's a total of $31 million for 3 staff.
Achievements
The company keeps shrinking every quarter and that is shown as a positive spin.
Staff are underpaid and 1% pay rises are seen as positive.
Staff are screwed wherever possible in terms of cuts, overtime, and any benefits. Seen as necessary positive.
More and more execs, vp's, and management layers are announced. The only growth area in the company. Seen by the staff as the old Nod Nod network of milking the company.
So after 3 years the share price has crashed to under $30, and even a big share buyback hasn't stopped the slide.
Mike has done well talking the talk, but this non transformation journey has just shrunk the company from $26 billion to $16 billion turnover a year.
Finally people have worked out this pyramid scheme.
Sell to Atos, Accenture or the highest bidder and move on.....