Once again Drummy took the stage to bat home that theres not a cat in hells chance anyone is getting a pay rise anytime soon. He spelt out the case that the goose is not laying big enough golden eggs. His solution is put the goose on a never ending diet... He expects that will produce bigger eggs. Good luck drummy
9 replies (most recent on top)
Should have spent the buy back money on bonus for regular employee’s that would increase moral and thus produced a better product. But no executives and the board are greeted and don’t give a shut about us!
I quit in January , no WFR no nothing and since then I have received 3 Cost of living increases and not on call at all!
dUCK DXC (replace the “d” with a big fat “F”
It’s a shame that Drumgoole tr--s the we are not making enough money message and then justifies his and others million dollar + bonuses as approved by the compensation committee. That’s us grown ups like kids.
Yes buybacks do exactly that - raise the EPS... which triggers exec bonuses.
If they had meaningful targets then it might be a little different... perhaps grow sales by 10% or increase net profit margins by 5%...
EPS is good for the shareholder though - if the company ever does grow (hahahahahahaha!) then they would gain. However all the time its shrinking its worth nothing to them. A bigger share of F all is still F all.
BTW DXC is one of the largest buyers of its on stock on Wall Street...
Share buybacks were illegal in many countries within the working lives of many people at DXC, and is still illegal in a few countries.
One of the results of the share buyback is to artificially increase the EPS, which is coincidentally the metric the executives picked for executive reward.
So the executives fail two DXC code of conducts measures
Is there a conflict of interest and would it look good in the papers.
How much have DXC paid back investors out of interest? Billions in share buybacks
Mikey1 and Mikey2 between them have spent > $6B in share buybacks, yet the market cap is currently $4.6B so the company is work only 75% of what has been wasted in share buybacks!
Interesting. How much have DXC paid back investors out of interest? Billions in share buybacks. The choice to to raise staff wages but do sharebuybacks, is a political decision.
C and I is what they call this group, is an ever shrinking line of business. We have lot of used car salesman and snake oil merchants here, who keep the feeding BS to the employees, customers and to wallstreet. Every quarter there will be a buzzword. The recent one is AWS partnership as if Bezos is waiting for us. We are not even Bezos pocket change.
Btw - how is the AI infused Platform - x and the Data and Analytics gas that we pass all the time.
"not a cat in he-l's chance anyone is getting a pay rise..." WRONG!! The exec team will definitely be getting theirs. smh
Pay rise !! Dream on you DXC muppets !!