Thread regarding DXC Technology layoffs

All the other CEO are doing it so it must be smart to do buybacks. /sarc

@ehc+1ssgIS4P you are just as stupid as the Execs, why would shareholders want to waste money on buy backs year after year and see the share Price collapse 60% in 5 years. They get no money out of falling buyback, they actually suffer losses.

Why not wait till the price has collapsed and then buyback at the cheaper, as someone else said they could have bought the company twice over by now.

This was Salvino's stupid greediness and needs to end now. Just shows how bad he was at running a business.

Wake up Raul.

share buybacks over last 7+ years is > $6B so much more than current value of company and equivalent to $6500 pay per year per employee since DXC created. DXC has also rejected two $10B offers in that time (nearly 3x current market cap). Model example of a well run company.

I’d take 230 each year for 10 years.

"Could have paid the whole companies pay rises for the next 10 years!!"

only if you wanted $230 extra each and then paid for per year for the next ten years....

($300,000,000 divided by 130,000 employees and then divided by 10)

I thought actually that the share buy backs have been about $1bn per year though for several years, so they definitely could have chosen to hand out a fair chunk of that instead of zero.

Although the board are not the owners of this company, the shareholders are and there are about 8 of them that own 90%+ of the company. I suspect the decision for share buybacks is actually from them, not the board (although they will have voted it through)

With no dividends and no price growth, those guys will be leaning heavily on the board to get them some money out. It might not have shifted the price, but they will have exited some holdings without damaging the price further.

300m wow!!

Could have paid the whole companies pay rises for the next 10 years!!