http://www.crn.com/news/channel-programs/300082698/cscs-top-execs-eligible-for-90-5m-in-possible-payouts-thanks-to-hpe-enterprise-services-deal.htm
Mike Lawrie – CSC's chairman, president and CEO and the expected chairman, president and CEO of the post-merger company – could receive a payout of as much as $44 million, while Paul Saleh – CSC's CFO and executive vice president who will hold the same role with the post-merger company – could receive a payout of up to $14 million.
Hey - I think it's just envy by upper execs for not making this list (http://www.msn.com/en-us/money/companies/the-most-outrageous-ceo-salaries-and-perks/ss-AAlWhSo?li=BBnbfcN). They haven't made the big time yet, and they just want to be recognized.....
It's not just made on the backs of employees not getting raises. It's made on the backs of all of the layoffs.
The merger was written to require a ludicrous operating income model that isn't sustainable in a growing business that ebbs and flows. So slashes to personnel have meant projects that were in discussion just disappeared. And as new projects disappeared, so did revenue. As revenue spiraled, more heads had to be cut. Rinse and repeat.
Lawrie's $44M check (and the $10s of millions also being doled out to the other executives--it's not just Lawrie and Saleh) is incumbent upon constant and repeated layoffs until the merger.
The incentives are practically set up to sabotage the company.
Yes, the big 5 Execs make their bonuses on the backs of the 70,000 who never get a raise, and are daily faced with the risk of being laid off. I believe it's called indentured servitude. BS.
Yes CSC and HPE are turd sanwiches that make and are run by the rich and everyone else is a paid servant - until you are too old then you get tossed aside.
This is beyond disgusting.....I agree
This is beyond disgusting.....