Thread regarding DXC Technology layoffs

Annual total compensation of the median employee was $30,693 vs $18,973,666 for Salvino, i.e a ratio of 618:1

https://csc.gcs-web.com/node/17636/html#rom920815_61 Page 75
Section 8: Fiscal 2020 CEO Pay Ratio
As required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, we are disclosing the ratio of annualized total compensation of our CEO, Mr. Salvino, to our median employee’s annual total compensation.

Additionally, we excluded approximately 14,000 employees who were part of DXC’s acquisition of Luxoft in June 2019, as permitted under the rules.
Our median employee, determined using cost-of-living adjustments, resides in India. The annual total compensation of the median employee was $41,602, with the application of the same cost-of-living adjustments used to determine the median employee. The annualized total compensation of Mr. Salvino, our CEO, was $18,973,666, which we calculated by annualizing his base salary, stock awards, and all other compensation that would have been incurred if he had been employed for the full year with DXC and including any bonus payment for fiscal 2020 and one-time inducements. The ratio of the annual total compensation of our CEO to the annual total compensation of our median employee was 456:1, with cost-of-living adjustments applied. Without the application of cost-of-living adjustments, the annual total compensation of the median employee was $30,693, resulting in a ratio of 618:1.

How do feel about this?

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| 2271 views | | 11 replies (last July 14, 2020) | Reply
Post ID: @OP+15SR10tZ

11 replies (most recent on top)

LOL - Mike Lawrie is still earning millions, even though he left ages ago, yet I still need to go through a chain of about 5 or 6 people to sign off a travel expense claim for a few bucks. How dysfunctional is that?

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Post ID: @4wjg+15SR10tZ

Wow that's amazing. If he personally adds $18M of value of the company then that's ok, but does anyone think Salvino has added even ONE million? Our shares are continuing to plummet and he siphons off company value into his own pockets and those of his corrupt consiglieres. That's serious gangster sh*t.

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Post ID: @4ope+15SR10tZ

If Mikey was growing the business, supporting and developing staff, enabling the sales team to sell more, then he’d be worth every cent of this and more. But right now, he doesn’t seem to be adding any value to the business at all.

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Post ID: @3rqi+15SR10tZ

What surprises me is that these world class geniuses that we pay the big bucks to are actually incapable of doing anything and have to hire McKinsey in to lead and develop things.

What kind of company pays for "expert leadership" then pays again for someone else to do it?

Actually, that's a rhetorical question, we all know...

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Post ID: @2zfc+15SR10tZ

Every employee level 1 lowest to level 6 that is not a manager should get a pay raise today ! Get rid of two in a box manager style and RIFF any manager with less than 10 direct reports.

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Post ID: @2cel+15SR10tZ

Gone ever so quite on the pay rises T -30 now and now news of awards. why dont they just tell people what they are going to get can be that difficult to work that out by now.

If it takes this long to work out pay rises you can see why going to market will never happen as we will be in the work out strategy phase for years with layers and layers of new strategy management bieng appointed all drawing up their plans which change every 6 months resulting in yet another re-org.

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Post ID: @1chx+15SR10tZ

Here is a couple of suggestions for immediate implementation

  • 360 degree performance review for all practice partners and up. Idem dito for sales. Missed the targets or disappointing score from people: out. There is unsufficient leadership in this organization and too much buraucracy. Some of these leaders have absolutely no clue what they are talking about, they cannot imagine what a client or project looks like And they certainly do not understand IT
  • fix the hiring process for leaders as it is pathetic. In the worst case 2 or 3 interviews, no assessment centers. It certainly is cheap, but the inflow of « quality » is horrifying
  • rotate all general managers, country, region managers every 3 years. Cfr sap, msft and many others. The current « kings » now do whatever they like to hold on their position and the sick amount of money they drag home for not delivering projects, sales, people development
  • Eliminate all the clowns hired in the m lawrie era as their DNA is toxic and they were selected for having those deficiencies.
  • weed out those « causing conflict and confusion ». Do not aim for 4000 but target 15000 « leaders », you will find them.
  • walk your talk. Give staff a decent raise and make relevant training (>10d) mandatory
  • articulate the strategy and drive it. « The technology stack » is not a strategy!!!
  • enumerate all the « changes or improvements » being realized. I have not seen 1.
  • ask yourself « why is this organization not capable of generating organic growth »?

Obviously, all reflections can be ignored under the motto « if you don’t like it, leave » which is now the replacement slogan for « people first ». Alternatively’, do another survey and ignore the input again.

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Post ID: @1nax+15SR10tZ

There is nothing 'obscene' about making 18 million bucks. If you can do it, I say go for it.

If you are making under 100K, you either have low self esteem, low IQ, substandard education, or some combination thereof.

And rather than take the low road by trying to drag the top earners down, why don't you climb out of your playpen and actually do something to improve YOURSELF?

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Post ID: @1zov+15SR10tZ

If you don’t like it leave

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Post ID: @zul+15SR10tZ

Be grateful.. most of you are overpaid.

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Post ID: @ril+15SR10tZ

Obscene, avarice..

But since he is amoral, gets away with it

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Post ID: @hfz+15SR10tZ

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