DXC gave ML $6176819.25 worth of stock via options and we employee's still get no pay raises. F this company and all it stands for!
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I wonder if ML has to be a full-time employee on 12/31/2019 to receive any of his compensation like we must be to get our 401K match for the year? Is that why he is staying on till then as "President"?
DXC as a company doesn't stand for anything. Unless it's making money for the failed execs of CSC.
@115cP4c7-kdv that's funny "absolutely no client ever used any outsourcing company to get good quality service." your wrong most companies that outsource are sold that the outsourcing company are experts in their field and because of that can do it for less money.
Your a fool if you think otherwise!
@115cP4c7-kdv that's funny.
I say that's funny because absolutely no client ever used any outsourcing company to get good quality service.
They did it to both lower their costs and hope for under performance that would yield penalties, which would lower it less still.
That was the model.
If you had created a gold standard service that promised to deliver real results but at a price, they absolutely would not have sold one deal.
If its now about "quality" and "doing it yourself" then that's just a massive ideological shift in the clients because they were all complicit back in the day.
I am surprised at the number of clients I work with who are taking outsourced services back in house, from DXC, Accenture and Capita. I thought it was a decision based on money, but most tell me it was more to do with the quality of service that their clients suffer from and blame them. They believe by bringing service back In house allows them to deliver a much improved service to their customers.
Funny how things come full circle.
@luu Mike did a good job - if by the terms of measurement you look at the stock price. From around 60 in April 2017, to over 90 in September 2018. Of course, his compensation was linked to that price, and short term strategies to buoy up the price translate into a big paycheck for him. Heck, even with the dips, as of April this year, he was still up 10% in two years.
Of course, everyone knew it couldn't last, but 'investors' rode the wave, and then took their profits. Lawrie was no different. He'll go off with a nice fat nest egg, and the workers will be left holding the now starving baby, while the next guy comes in and tries to salvage the mess.
Salvaging will be chopping up the pieces and selling them for as much as they can to whoever will buy them, until there is nothing left. Wall street will ride the bubbles again, extract as much money out of the death-throes as possible, and then talk about headwinds and operational challenges as if those were what k–led the company.
Greed k–led the company - Lawrie was just the tool Wall Street used to facilitate the plunder. Whitman was the tool. D–k Brown was the tool. Sal is just the latest face to come along to squeeze a little more blood out of the carcass before throwing the empty husk to the alligators.
Everyone knows that traditional out-sourcing models are basically dead. The 'market' has known this for years. The days when it was cheaper to rent EDS's expert, or time on IBMs mainframe rather than hire your own or invest in a datacenter yourself are long gone. Programmers are two a penny - anyone can open an AWS account and have a website up in minutes. Big organizations know that they can do a lot of this inhouse now, and the expertise is readily available in the job pool, either on a permanent or contract basis. AWS, Google, Microsoft...they're falling over themselves to help you succeed in their ecosystem, because they know once they have you, they can pump you for revenue over and over again month after month. The next 'big thing' will be services to migrate you from AWS to Azure to Google, with pitches on how much you'll save by switching - think Compute on the Mobile Phone plan model.
Every contract you do sign includes requirements to cut costs year-on-year, so the only way to grow and satisfy Wall Street is to cut expenses, or develop new markets via aquisition. Thats the mode he's been operating in for 2 years, but the shell game finally caught up with him - you can only hide the ball under the cup for so long.
And to be honest, if you think that Wall Street didn't know what was going on, or what the end-game was going to be...then I have a investment opportunity you might be interested in.
The empathic leaders were or scheduled to be wfr’ed. Only the self centered “managers” remain, created in the image of old mikey.
Unfortunately, if you make a CEO's compensation dependent on stock price, their motivation is on stock price and not the longevity of the company, or the morale of those working in it (unless that helps the stock price).
If you looked at all the money siphoned out of otherwise successful companies via the ivory tower, you'd be amazed. 5 individuals compensation adds up to almost 4% of net income. Given a employee roll of around 100,000 or so, thats 4% of net income going to 0.005% of the employees. Imagine what it must be if you looked at say the top 100 or so...