Wait for the email. Stock now in the $8s, thats 1/3 of what it was when he came in, the market has lost all confidence in him.
They are just sorting out the replacement, he will be sending the more family time email to your inbox.
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Rahul and other Execs to go shortly the market no longer have confidence in them, as the forward guidance is bleak.
OASIS will solve all of DXC problems , GIS will become cost affective and start making money. What utter BS
Isn't he just doing pretty much the same as everyone else. Just taking the wage whilst he can. He won't quit, why should he. These people have no desire to make it work better. It's everyone for themselves, and he's doing pretty well out of it. He probably doesn't have any need to be running a company until he's 70. But another few months salary for doing not a lot is always welcome. Which is exactly how I feel about the place, and why I'm still here.
@af no, I said DK…there is only one. DK is not the same spelling as CD. If you still not sure then D = David K = …
This will be penny stock sure.
Now time for the board to fire him, then go up and down the organisation cutting out the inept middle management, having 369 degree feedback on remaining manager, if they failed the grade get rid and then now stage at fire sale this totally damaged and failed dxc experiment
@av is dxc really something wall Street care about enough to have an opinion?
It's almost small cap, it's not growing and in fact it's sinking.
Pretty sure nobody cares.
Maybe fast trading systems are bouncing off it to collect a few pennies a go but nobody is considering dxc as a proper investment. That ship sank with m2's hype and pump.
Word from the trading floor: DXC entered the board torching hard earned cash just to keep the share price on life support. There goes the money they set aside for the Q2 margin improvement plan.
Is this the stock fall that triggers his departure?
Don't know if this is, there's not the smoking g-n like M1 with his "specialised sales firing" and there's not whatever M2 raged himself into oblivion over... Oh and going back further, not the accounting scandal that ended Van.
I guess going out on a meh moment that caused the street to panic is symbolic of the reign of rool tho
@a7 TBF even statutory redundancy would be preferable to another year of this BS. Most of us are at an age we don't want turning around, certainly not on further promises of a pay rise and bonus sometime never. They have also lost the trust of the clients. We're hardly allowed to touch their systems now without endless approvals and oversight - it can't possibly be worth any of them using us to do it when they have to pay someone internal to watch us do it.
In my opinion the dude is a mo--n but not the only one to blame. What he has done is absolutely criminal. Think back to all those he hired from his personal network with no experience. Think back to all those who left under his watch with strong back grounds. It is absolutely criminal and the board is completely complicit. What do you expect when you put a low IQ guy in with zero experience. Then you push out a CHRO with experience and replace them with an old staffing recruiter so the CEO and CFO can get a comp package that is obnoxious. They should all go down in history as the worst execs and board of all time. I just don’t know why they have not been investigated.
@ab drumgoole? He’s been very active on LinkedIn lately. Even has his own CD logo.
There’s no coming back from this, guys. The moment that price line broke, the illusion died with it. For years it was all window dressing, engineered numbers, polished narratives, brand optics, shiny promises. When there’s nothing real underneath, the market tears the curtains down without mercy.
At this stage in my life - I don't need a turn around - I need that VR package that they keep putting off because someone sniffed 20 minutes work might be coming our way sometime soon. Obviously in DXC that 20 minutes justifies a full on 19 week project with a full time PM. They wonder why we're not winning much business anymore!!
His responses in the earnings call did not reflect confidence in the future. I'm amazed that the headlines say DXC beat estimates, maybe a few but certainly not enough across all metrics. He gave the same tired story of how DXC had acquisitions that messed up its internal systems, and they were working to fix them. He gave the same tired, and vague, story of how the company is transforming - with AI. The response about losing deals, not showing up with the right people/capability, etc, and learning from it was a cluster. They haven't learned anything. It proves he's not really running the company. He just shows up and gives some vague input/feedback that could apply anywhere. DXC management gave no real specifics, just some vague sound bites. The analysts were a little more aggressive, but not nearly as much as they should be. It's a sad downward spiral that is all too predictable, but executive leadership is absolutely blind to the reality and how to fix it.