@1srv+1kYSe3JU - they would pay it out of the same cashflow that is funding the buy back. See the crowing about $400m free cashflow. If the turnaround is there, then this is sustainable and could be shared with employees not just shareholders and executives
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The buy back is just another fiddle/raid od DXC for Micky and the gang.
They get paid in shares, so if they use company funds to buy the shares it should inflate the share price.
This then means the gang can sell thier shares at a higher price getting even more pay.
Wall Street has seen through Mickys stories each quarter and dont believe him, as proof the share price is 20% down from when Micky took over.
In 3.5 years of Mickys turnaround and Micky buying back $1 billion of shares the share price is 35% negative return if you include inflation.
Just imagine how low it would have been if the manipulated buyback hadn't happened.
Micky can keep up the spin but the people in the know can see through him. Shareholders we need a new leader and growth, not spin and manipulation!!!
@oui+1kYSe3JU - if they split the 400 Mil as 3k salary increase per employee as you guys ask for - how can they pay it next year and the years after?
But a total of 1 billion , 400 million that about would give each and every employee $3,076.92 pay increase and is a better use of company cash !
400 million this quarter. do not spread false news.