In one week 3 leadership meetings. They all say the same thing- nothing. “It was so hard for us to make decisions about the 401k and the health incentive and give you low raises and bonuses.” Cry me a river.
Read the resignation letter posted in the 8K. Tells you some interesting things -
CEO takes board position at other companies at the same time “we’re not doing as well as we’d hoped”
401k drop was “hasty”- sounds like cost cutting game
Ceo Compensation pretty healthy percentage compared to avg worker comps this year - why is that?
Several shareholder class action groups forming to sue over misleading statements by execs... many feel the same way. Stock keeps going down. If you are a shareholder use your vote to show you disapprove of the leadership.
These items are publicly available, look up the recent SEC filings for info on resignation and exec compensation.
One Conduent is a slogan - but make no mistake, there is a caste system in place and senior leaders are getting over.