More free stock for the board https://csc.gcs-web.com/node/16956/html and we the workers get no raises again. BULL SH*T! #ISeeDXC screw their employees once again!
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Another one of my repeat postings on here is that there is nothing unique about DXC in many respects.
The artificial growth, the buy backs to manipulate the price, the greed of the board rewarding themselves for the non-reality based metrics of success, the employees, suppliers and customers paying the price...
All of this is post-2008 Wall Street.
The Western economy has stalled (it never recovered from 2008), growth is no longer a given and the money men find profit in things massively displaced from reality.
The stock market is based on pure lies and C levels all over are part of the deception.
At some point this will explode...after which I have no idea what happens other than massive unemployment and a global depression.
Peak capitalism? I think that's been and gone. What replaces it is the biggest elephant in the room right now.
Strap in, its going to be a rough ride.
Shareprice peaked at 94.82 USD on 20 Sept 2018 (grossly over inflated by 30 points) then it fell to 50.48 USD by 20th December 2018.
It's 2nd peak was in Feb 2019 at 69.21 USD before it fell to 47.54 USD on 3rd June 2019.
Its 3rd and penultimate bounce was on 15th July at 56.97 USD and is now falling towards a likely 44.06 USD on October 15th.
Time for DXC to raid the stock room and acquire another digital company to milk and purge in the hope that when this pivot point arrives and the imaginery queue of digital clients knock on the door, they will have shifted out all the legacy, onshore resource and loss-leading contracts and everything will be rosy again.
Some of the staff escaped, like logan, have made it to the surface and now realise there is an actual sun on the planet, nature, normal people and an office life that has been hidden from them for so long by the DXC repressive regime keeping everyone in their place with tales of headwinds and poor cross-sell and how the cuts have to continue for the workers, whilst the top award themselves huge bonuses despite failing to make any headway into sales and growth. Now its all non-GAAP EBITS and EPS and downturn in take-up and write-offs due to a strong headwind in Bullsh1t Bingo and common currency year on year. I remember when leaders talked people, tools, process and customer care directions and scaling capability of its teams. Now f— knows where its trying to go. You may as well just give PwC the wheel. Oh wait they are already steering.
Did anyone think a load of pathological , greedy , tyrannical vampires would do anything less?
If you have not learned anything by now how these white collar executives think and work then you must believe in Santa Clause and the Easter Bunny .
DXC is only a single example of the current “free” enterprise system that enslaves everyone else to satisfy the ivory tower dwellers greed .
It would not surprise me at all if the blow hearts could not tell the difference between an abacus and a calculator, let alone define true future technology requirements . Hand them all a new laptop and they would struggle to find the on button without some underling showing them how.
They are all “suits” . Nothing more and nothing less.
Look on the bright side, it will be worth sweet FA soon.