This is not the case with DXC leaders. Not only do they not learn from mistakes, they continue to make even worse mistakes. It's crazy to use the same strategy that's sinking this company, but they're not giving up on it. Perhaps someone should inform them that without good employees they will not be able to grow profits.
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@6ztp+1jo7Ds5Y
Joined, as advised. Contributed heavily. Company is now hugely successful. Everyone can expect a 100% salary rise, a paid holiday on Carribean Cruise and dinner date with a Hollywood actor/actress of your choice, all expenses paid.
Thanks for your suggestion.. if only we knew this simple act of participation could end all woes... wonder why no one thought of that before !!
Please do join the innovation week and contribute to the companies success.
To illustrate how overpaid Mr Shouty is, with Elon Musk being forced to buy Twitter for far more than they are currently worth, he takes revenge on the CEO (Parag Agrawal) and fires him instantly and has him apparently escorted from the building by security.
https://www.theguardian.com/technology/2022/oct/28/elon-musk-twitter-hate-speech-concerns-stock-exchange-deal
BUT Agrawal will walk away with $42M in sold stock options - not a bad payout for getting such good value for shareholders.
Twitter is "worth" $44B DXC is worth $6B. Yet Mr Shouty gets $28M+ PER YEAR! and thats before he gets goodness knows what payout for selling the company to private equity
So who is the more successful? and which stockholders are the wiser? Hint to answer of second question - its not DXC shareholders ...
Mr Shouty has implemented a highly successful strategy.
WTF? I hear you ask.
It's highly successful if you are Mr Shouty. If he stays for 5 years, his compensation will have been around $100M (maybe a bit more, maybe a bit less). All he has to do is hold the share price up for those 5 years, and convince Wall St that he knows what he's doing, and everything is fine. Even if he left now, he'd have taken over $50M.
Of course, this strategy gives the regular employees a total shafting. But guess what? Mr Shouty doesn't care. He's getting his $$$s, and that's all that matters. Mr Shouty said that he wanted the company to look after its employees, so that employees could look after customers. Guess what - he lied. He's good at lying. He has still done precisely nothing to look after employees or customers. The only thing he is looking after is his own bank balance.
Sooner or later, the shareholders will work out that DXC is built on sand. It's been cut too far to be a viable business. But it will be too late. Mr Shouty will have taken his millions and retired.
Yes, a very successful strategy if you are Mr Shouty.
You know what is a mistake? To think that they are making mistakes. These are far from being mistakes, these are well-thought and deliberate strategies.
Might look like mistakes from your and my perspectives, but for them it is THE strategy that is making them richer than GOD.
Why should they change course on their own?
The only people who can bring them down, like it happened with M1 is the shareholders... they seem to be too happy being taken for a ride every quarter.
Innovation week is a Cluster fu-k already!
From sign up , to meetings being canceled. ALL we want to know is if the 2nd Q of FY 2023 is good enough for pay increases we should have received in April 2022. He-l the Board , CEO and executives all got theirs and then the 1 Q results were made public and there is no money for the real people who support our customers!
Innovation week will be an icing in the cake. Please do participate and share your successes and innovation journey with your customers.
@hae+1jo7Ds5Y: What, then sit back and listen to Mr Shouty lose his sh|t?
Please join the townhalls and provide constructive suggestions and ideas for growth.
and how can you say the leadership are failing? they double their salaries every year!
True their professional reputation has been totally trashed but who cares if you get $28M+ a year plus one last massive payout when you sell the company to private equity
Imagine how much more they would have paid themselves if the company had grown by 40% since 2017 instead of shrunk by 40%
Mistakes? This sh|tty company has successfully survived for decades with the same bad policies.