You are just like the IBM BoD. Both companies are being dragged down by an so called "Exec Leaders", incompetent, shameless, lying folks. Surrounding themselves with sycophants and yes-sir people, they line their pockets with bonuses and stocks. At every opportunity, when rightful uncomfortable questions on pay rises are asked, they get angry. OTOH, it should be the hard working, technical, client folks who have the right to be angry with the nepotism of Accenture gang at top. And Legacy-ES gang at middle management, especially at job levels 6, 7 and 8.
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They are managing the liquidation of two legacy companies and milking the existing contracts for all their worth. That seems to be the strategy and they are quite successful at it
Nothing new. The BOD watched MK1 wreck the old CSC and then DXC and ride off with his millions. MK2 will do the exact same. They may end up neighbors in their South Florida mansions.
Mikey Mk2 tried and failed to sell of many parts of the business. Only healthcare was picked up. No one wanted workplace, insurance, BPS etc. Atos came and kicked the tires and moved on.
Mikey Mk2 seems genuine but cant or doesnt see the wood for the trees - including his own limitations. His anger at those who ask about pay, conditions, question the inept management or lack of strategy demonstrate his fundamental flaw.
Just because he says something doesnt make it true or real for the majority of the company
He is doing what old school CEO do - maximise shareholder value. And he will be rewarded this. The majority of Wall St has a short term horizon. They chop up golden geese daily which is why Private Equity has boomed in recent years. If you are passionate about customers, employees and community listing is a burden and drives bad behaviours - looks at Amazon on the layoff to see how its treating its employees
DXC employees should either get on board with Mikey Mk2 and maximise their income by becoming management or maximise the return on their labor by doing as little as possible for their pay.
Wake up and work out how you are going to get the best out of your time at DXC, just like Mikey Mk2 and his crony crew.
The BOD only care about the bragging rights on the share price and the money it produces for them.
Welcome to Wall Street where having none / little actual skills for being a competent CEO is not a requirement; only for to asset strip the company, sell parts and pay high dividends from the sales to the share holders. ideally CEO should invest in their own staff but this costs money, CEO's aren't competent to do this, not interested and looking in 2-5 years to jump ship / retire with plenty of $$ millions.
They are doing what most self serving, underperforming, egotistical, narcissistic executives do. They are focussing all efforts on spinning a good story whilst ignoring all the problems. Mikey mk2 has been quite cunning in setting the recovery plan up so that it won't be until 2024 when the shareholders realise they have been duped and by then he will have made so much money he will happily take his pay-out when DXC is broken up and sold off
The Board of Directors is overseeing a shitshow.
Maybe the also believe the fake ratings in glasdoor etc. and Mike S. is creating a smoke screen. In the end they will see the market is growing and DXC is shrinking.
Mikes task is to sell most parts of the company to make money for shareholders.