Perspecta Arbitration: In October 2019, Perspecta submitted a demand for arbitration claiming that in June 2018 DXC breached certain obligations under the Separation and Distribution Agreement ("SDA") between Perspecta and DXC, and seeking at least $120 million in alleged damages. During the course of discovery, Perspecta has increased the amount of its alleged damages, first to $500 million and then to over $800 million.
6 replies (most recent on top)
I get your point. Though why is Perspetca than sueing DXC?
its just Perspecta trying to recover some "revenue" now they've lost their primary reason for existence - the giant US Navy & Marine contract (used to be known as NMCI). The new version of this contract (NGEN-R) valued at $7.7B was won by Leidos - Perspecta is taking it through the courts of course (nothing more to lose when you lose such a giant deal) but have lost the first 2 rounds and will presumably lose the final round in the courts by end of year - it did get them a short extension to the current contract but thats all
“If the $800 million is awarded, how will the executives get paid their bonuses?“
It’s really quite simple. They will secure their bonus funds by laying you, and thousands of others, off. If you are so dense you had to even ask this question, you are a prime candidate to be first in the hatchet line.
if it is true then its what DXC deserves- breaking promises and commitment in their day to day operations
If the $800 million is awarded, how will the executives get paid their bonuses?