Thread regarding DST Systems layoffs

Ignites Article

SS&C Overhauls Comp After Say-on-Pay Rejections

Each of the firm’s top-paid executives will get a raise next year, a filing shows.

By Joe Morris|October 19, 2022

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| 1921 views | | 6 replies (last November 19, 2022) | Reply
Post ID: @OP+1jihxgt7

6 replies (most recent on top)

The Tom's are long gone, but they took alot of cash out of DSt with their huge comp plans and that money, had it NOT been paid to them, could have strengthened DST and made it a leader - not a loser. Plenty of better more skilled guys would have worked for 1 mill a year. Not the 16 to 25 mill a year the Toms got with their huge options! The Toms were overpaid and underworked. They are just sitting around in Aspen, drinking mint juliaups

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Post ID: @uotl+1jihxgt7

The “toms” are long gone. You’re living in the past man

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Post ID: @5xir+1jihxgt7

The pay for Tom and Bill S are way too high. By 10x. DST was an easily run company. Build a mutual fund software product and rarely change it. Just add more clients. Make no mods for omnibus accounting and lose millions in revenue! Tee Hee!

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Post ID: @3fvo+1jihxgt7

Yes every year through the 1980's and 1990's the Kansas City Business Journal would publish the top compensated execs in the metro area. Dst's were almost always at the top every year. For that money, DST could have hired someone away from Goldman Sachs and they would have made DST a household name and world powerhouse by now. But NO. We had to keep the Rockhurst boys at the top of DST!

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Post ID: @2esf+1jihxgt7

Tom McD $6.95m
Bill S $22.98

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Post ID: @1rfz+1jihxgt7

Not sure anyone ever checked the pay for the "toms" in the 1990s. It was way too much. Highest in kc area.

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Post ID: @1xcp+1jihxgt7

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