The company has not grown under Lawrie and CSC only ever shrank whilst he was in charge there. Meanwhile Lawrie and Saleh make deep cuts and buy other companies and sell off businesses, cut some more and re-organise structures. They do not worry about the impact on sales, delivery or service. This approach is a classic corporate restructuring model. There is value in these dying megaliths and he can extract it by shaving off pieces and sticking others together, but cannot grow a business naturally.
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Nah ML is fine, he is Quark you know?
Ferengi Rules of Acquisition# 188 - Not even dishonesty can tarnish the shine of profit.
Thank-you Mikey for giving me a WFR last year and allowing me to escape your steak cutting machine. You received a bonus and I received sanity along with a 30% pay rise for all the years that DXC scr3wed me over.
Run for the hills before the day that Mikey leaves and the company will be worth no more than junk bonds.
All true - Like a steaming turd (aka DXC) with "shareholder" flies feasting on the remains.
Console yourself , that before you're booted out, being in a steaming turd means its at least a warm place to be.
BTW there is another reason apart from the board level plan to strip and sell... they don't actually have the skill to create the actual business growth that you would expect.
Its mainly to do with the power freak absolute control mindset that Mikey has.
Normally you'd expect to hire some capable people a few layers down, empower and trust them to come up with good ideas, operate autonomously and deliver the best possible financial results.
But no, can't have anyone acting on their own. Every decision is made at the absolute top and in a lot of cases deliberately against the ideas from below just to demonstrate who is in charge. Positively sh1tting on people as a power play.
Its tragic and because of this, it never can be an organisation with a future as long as Mikey holds power.
It's not even about the shareholders, it is about the corporate and financial advisors; every acquisition and disposal generates a whole truck load of cash to McKinsey, Solomon Brothers, and all the rest of them.
As long as Mikey keeps his demented mechanical monkey selling snake oil routine going then the gravy train will keep on filling the advisor's troughs. Those holding stock when Mikey's spring runs down will be the ones that lose out.
Yup, I've said it dozens of times here.... DXC isn't an engine for growth, its an asset stripping engine - a pure play financial investment vehicle that just happens to have a load of IT type assets.
Its destiny is not to reach for the stars, its to find the best price for whatever junk it has in its warehouse.
There is no end of the "restructuring", restructuring (aka "fire sale") is core business.
There is no end transformed, lean, mean IT company that will climb to a bright future, just a trash can of left over bits.
Its probably not even a case of stripping what Mikey already has, no he has bought and will continue to buy more meat for the sausage machine.
Bleak when you look at it like that isn't it?
The shine and razzmatazz is just for Wall Street... who actually don't care about the operation, because it turns careers and family lives into dollar bills. They and he have all done very well out of this and its exactly what he told them he'd do at the very first DXC shareholder briefing. The hard fact was there for everyone to see.
The losers in this carnage? Employees and CUSTOMERS.