With Raul setting up a new layer of friends and Mike's friends still on board there's a very heavy load at the top, and plenty of duplication. Far from agile, and closer to more blockers and admin.
How long can they keep these clubs going, all on millions of $.
The share price has crashed 33% since Raul has taken over to $18 now. He needs to have the clear out at the top quick.
There are many good scenes in that film:
I left DXC years as it began. Thank god. But I noticed from recent ads and blurb that appear on tech sites, that they seem to have grown more VP's and Presidents again (I thought they were all removed in 2017 when Mikey I said 'There should only be 1 president in any company'.
Its been a while since I visited this forum; I had a read through of recent posts and it all sounds very depressing. Reminds me of when I worked at DXC - it was toxic even back then, since the management went from encouraging and supporting to an autocratic and repressive system, that made everyone ask for permission to do anything.
What happened to that proverbial ship that was going to take 5 years to turn around? I heard it had rusted and was almost sold for scrap in 2021.
I see DXC have lost 68% of its value in the last 5 years. No revenue growth. 11% loss in the past year. Stock lost $139M in just one week in April alone! As an investor in 2021, you are kind of stuck now in the long game; hoping there's at least a chance of recouping what you put in. As a loss-making company, there's certainly not a great deal to attract new investors unless the company can demonstrate some kind of new offering or exploit a new gap in the market and show some confidence for growth..
All we see is management playing merry go round, with each new hand bringing in their mates and failing to engage the staff. Not surprising, since the staff do not feel rewarded or appreciated and are told to take on more responsibility for no recompense. Meanwhile at the top, the Equity compensation and cash-incentives are pro-rated on how much the EBIT almost hits its target without managing to and these amounts would make your eyes water.
RIP DXC
This may sound silly, but their millions of euros are just a drop in the ocean.
The management of listed companies is only interested in their own accounts, and if they have to stroke the shareholders' bellies to do so, then so be it.
The problem is that they are effectively only temporary CEOs: they just have to keep the business going for a few years and woo capital providers. Since they don't have a close relationship with the company itself, as is the case with owner-managed companies, they don't care about the fate of the company. In addition, no matter how successful they are in the end, they will find a new company after this one that they can bleed dry.
i am really sad for stakeholders as whomever assigned to top level drain all the money and then left the company or even they accept of being fired for money. i been working for 8 years at dxc and managing a team. i will definetely follow the top leaders at dxc. this company does not deserve goodness.
All saliva no cronies will be shown the door.
The titanic will eventually sink, the folks at the top have thier lifeboats ready for that moment, until then they are enjoying the first class lounges, winding and dining, and spending time with the captain. The plan is for you su-kers maintaining the engines and the steam room to sink on 0% raises every year. They will keep you hanging on.