No leader can survive or deserve to survive a 30% share price fall in 24 hours can they ?
5 replies (most recent on top)
although his demise has long been forecast on his 4th anniversary after a disastrous Q1 (see earlier notes for numerous forecasts of this happening going back > 1 year in this forum), he will likely survive because shareholders allowed him to become President, Chairman and CEO so not so easy to sack him - and now its unlikely he'll get to turn down a third $10B offer for this $4B (actually zero once you deduct share buybacks) company as there is no need to buy DXC, just take their business off of them, easy ...
Can we have a Slido vote on that?
CEO for the Layoff?
YES PLEASE
And take back every cent that he's (not) earned
Mike Salvino has taken $84m from the company since 2020.
He treats employees with distain and won't even address them directly.
He has presided over a company where employees have become so disheartened that no motivation to do anything beyond their '9 till 5' contracts.
Despite constant rhetoric that we're just about to turn a corner, that corner looks ever further away.
He and his leadership team blame all the company's woes on those desperately trying to maintain and deliver a service whilst all their colleagues are leaving or have been kicked out.
What has he done to deserve such obscene amounts of renumeration?
What is Mr Shouty actually doing to merit his $20.3m renumeration?
https://www.salary.com/tools/executive-compensation-calculator/michael-j-salvino-salary-bonus-stock-options-for-dxc-technology-co/trend-analysis?year=2023