I received some information today that officers and directors will have their titles changed and bonuses either retracted or cut.
The hits just keep on coming for this company. I guess this means that DST does not think they can squeeze any more out of their workers. That is surprising.
Good move in the right direction. The people they have in these roles are primarily the same cast of idiots that created the current mess the company finds itself in. Maybe if they leave, there would be some light at the end of the tunnel for the people who do the real work.
DST can always squeeze more out of the bucket. If not in working hours, then benefit cuts, lack of pay increases, non-funded pension liabilities, and issuing stock options rather than stock itself to execs. New hires to replace expensive employees. Letting Russell Stover use DST's IBM operating system licenses and charging them for it under the table????
How about cutting the millions in deferred payments to execs?