Who is going to ask Mike what his plans are for the additional 14% of not taxable profits at the next public town hall? Is he going to stop with the skeleton staffing plan and reward employees? Or continue to just line the Mike’s pockets?
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AT&T some got a bonus and 1,000's of AT&T people were laid off. AT&T plans to lay off and fire more than a thousand workers starting early next year, according to local reports.
Across the Midwest, an estimated 600 workers were notified they were being laid off by the company on December 16, a week before AT&T announced it was doling out $1,000 bonuses to 200,000 of its employees in celebration of the Republican Party’s tax overhaul
http://www.newsweek.com/christmas-att-layoffs-midwest-bonuses-trump-758391
We wont get one red cent of the tax savings. In the US we all should get a percentage of the pie . No one time bonus, but a perm pay raise!
The rich will get richer and the poor will get poorer. Mikey keep the extra profit, gets paid his bonus, and in case DXC is no longer sustainable. He will exit and join UBER.
Perhaps, just like Bill Murray in "Scrooge", Mikey will reach a Christmas epitome and realise what a complete a-- he has been for the past five years?
Mikey the PIG will keep those extra dollars and not help the Stateside employees. Now that pisses me off
Interesting that the change in shares (%) since last quarter has 177% of owners now selling their shares and only 18% of new owners acquiring shares.
The biggest shareholder is 'Dodge & Cox' (no relation to our own DiX) have got rid of almost 6 million shares since Sept.
Maximising shareholder return is what he will say.
It's helping him get to his 30% of value return to the shareholders in 3 years. TBH he's going to need all the help he can get because he's made a bold statement that he can't fail to deliver on!
It won't be visible but its possible it might save a handful of employees.
Things it won't be:
1) Raises - well, unless you are a US employee who personally will gain a tax saving no?
2) Investment in big new stuff
3) Training
4) An end to the wholesale slaughter
He will prepare a speech and say he will invest more money into the business, increase training etc etc... none of which will ever be seen.
In contrast the people we shipped over to AT&T will see a $1bn investment and a bonus paid to all of their US staff.
Indeed that was a rhetorical question. Would like to hear his BS response though.
I think you already know the answer to that one.