Is he worth it ? only has to work part time at DXC, whilst he runs his other business, DXC is still shrinking and he was brought in as a Growth CEO nearly 2 years ago.
His main focus remains internal employees utilization rather than Company growth.
Where is this company heading?
Indeed he already knows he is out! give it another 3 to 6 months.
Hey people i should be paid more, i do spend 20 hours a week DXC, my sports stuff gives me more.
I set up start ups so i have a legacy and the experience, Im looking for a pay rise to $25million.
I know your thinking im getting too big for my boots like M2 got, and your expecting growth from me, I'm in it for the long haul 5 years like Mike and then a big retirement payoff. I will keep promising every quarter, new themes, changes, and that growth dream....
In the end im going to walk off into the sunset with that $chq and yatcht.
Adios amigos.
CEO doesn't care about DXC future, only cares about $$$ extraction as fast as possible. $20 Million per year including RSUs, and pays his Sports Co advertising moneys, and pays his distribution Co, Remote Retail, with every logo change, (new logo updates incoming).
I'm sure he's worth every $. The issue is - that the workers clearly are not. I've had <7% in 10 years. While inflation over that period is 43%. Meanwhile the exes have had +18% on their base salary alone in 2 year. It's +92.8% with bonuses and stock awards. Using CDrum as an example.
The point is fairness. A fair and balanced wage gets far more out of people and the company could be profitable. If the company does well I don't begrudge the CEO silly money, but I expect to get paid the same as my colleagues and if execs salary and bonuses go up 20%, then so should everyone else's on similar proportions. If you can see how doing a great job today directly affects your income, and how putting the effort into learning something new helps you get a new role on even more money - then you're going to do it.
Not at DXC. Your efforts get you 1%, just like those around you who did absolutely nothing useful all week. And that's why I joined the club and gave up as well.
Source - https://www.salary.com/
He was promoted to ceo because they couldn't find anyone else. He was already a board member.
He's heavily involved in his sports thing, is also a director of broadcom and by his own words is always looking to personally invest in other companies.
All kinda makes the time we might spend watching cat videos seem inconsequential...
No wonder dxc is floundering when the guy supposed to be finding answers is doing anything but his job.
DXC has missed its own boat. Too busy penny pinching. We're not buying a gang plank!!!
AI is the future. He's right. But we're not ready. Nobody is encouraged to use it. Nobody gets a ChatGPT licence and time to play to see how it can change the way we work. They still value hours billed. Not value created.
All our internal tools could be redone to modern standards in weeks.
Too late. You pi---d off the entire workforce and most of us checked out 2 years ago.
Op forgot to mention he has caused the share price to decline by 60% in 18 months under his reign, he can't be a growth CEO.
His now realizing that his days are numbered.