Now this includes $0.10 of benefit from the interest portion of the HPE arbitration award and a $0.04 of expense related to payments made to Mike Lawrie in connection with his retirement.
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Old Mikey is gone from DXC (finally). Phew, but now the company has a massive financial hole which will be covered by more pay freezes, travel restrictions (except for top level executives), and more online training in Bionix and Spartans.
A few more days till Old Mikey is WFR'd from DXC, and never to return. However the damage is already done but new Mikey (aka Sal) can help to correct past wrongdoings by giving all remaining (non-executive) employees a 5% pay increase backdated to 1 November 2019.
Hopefully Mikey invests all of his money in DXC stock which comes crashing down to $0 value. He deserves that outcome 100%
Reward for failure ?
It's "only" $12.5m.
Four cents per share mark down of the dividend to cover booting him.
Whether previous bonuses are clawed back are yet to be seen. It wouldn't surprise me to see it happen...but not until he's gone.
where in the transcript ?
Where are you getting that figure from?
We've just lost 2 billion under his direction, how can he even get a cent ? disgusting.
Simply greed for failure over the welfare of the actual company, its clients and its current employees (who are nerveous on current situation going forward) as well as messing up lives of employees he WFR.
Interesting. Maybe they should have paid him with “digital” tokens since that’s all he cared about. Missing the fact that all of the clients were leaving under his nose.
Obscene.
No wonder he didn't care about employees or the long term future of the company.