Mike is Such a good bul shiter.
Revenues still declining, saying his its about to expand etc.
Lots of free cash flow, pay off some debt and do a big buy back of shares but nothing for staff.
So as usual one story for the analysts and another which is reality for employees.
No doubt Mike who is Chairman, president, and CEO how did he manage that??? Surely a conflict of interest will get more raises for himselfand his gang.
I am constantly astounded by the extreme difference between the presentation to analysts and the message to employees. I want to scream at the analysts to ask harder questions and not buy the bullsh-t. I hope they read The Layoff so they get another look at what’s really going on. My DXC experience has really opened my eyes to the farce behind publicly traded companies and the stock market.
re: last
Agree with the comment about ignoring or dismissing awkward questions from analysts
While Mr Shouty couldn't talk in detail about the private equity discussions, the fact they are still in a "preliminary" stage after so many months got the analysts suspicious and they asked questions about why its taking so long and they were simply brushed off, leading to the suspicion the discussions - if they ever seriously existed - have ended with no progress
I understand how McShouty thinks it's OK to dismiss questions raised by staff but I am amazed the analysts let him get away with it, any time there was an awkward question he just told them they were wrong and moved on. Why are CEO's treated with such misplaced respect rather than the outrage and derision they deserve?
Conflicts of interest don't matter to Mike.
He has his own gang of friends which he has recruited, they are paid the millions, staff are constantly cut.
He is running it like his own little shop, employ who he wants, pay them big, most from his Accenture club. There's no criteria for them producing results.
He couldn't even give any growth assurance when questioned, he kept referring back to steadying the ship as proof he was good, not what he will deliver going forward.
Was also very evasive on the length of time this so called bid is taking. The Analyst told him it normally takes 1 - 2 months whats going on? Mike bull shafted him, his trying everything in the book to talk up the share price like buybacks and a false bid but its not working.
It's taken 3.5 years but the ship is still sinking, need new leaders, Mike you have failed, time to go.