Internal sources report that the CEO and C-level completely checked-out, with Dxc near close of takeover acquisition and CEO negotiating hefty exit package / golden parachutte. Daily operations on auto ghost-pilot and compnay continues to hemorrhage top talent despite udpates on earnings calls of engaged and happy employees. Many key employees have not been merit compensated since Dxc launch in 2017.
Savino has been absent from the day to day since Sep/Oct takeover bid by PE firm. No internal comms from CEO to employees, no townhalls, holiday email, regular status reports, or any updates from CEO. Salvino sends random incoherent emails, probably from golf course or beach, to execs about firing people who seem to be "gears in the sand" in order to manipulate perception of cost optimization cuts and efficiencies for financials. Can only dip into that well so many times before company implodes without key talent. He also demands of sales and finance to stagger renewal deals from one quarter to next to appear to show turnaround revenue growth as part of this "finally turning the corner on transformation journey" after 4 years of mismanagement.
With more than 90% institutional holdings we own this company and should demand more transparency with this PE takeover bid that has taken long enough of radio silence. The canned response from CEO of not addressing is unaccpetable given that there's internal dereliction of duties that directly impacts the shareholder value of our ownership holdings.
Institutional Investors, Street Shareholders, Analysts, demand the answers from this derelict management team before our stock implodes.