Thread regarding DXC Technology layoffs

Incentives for Salvino

If you look at Sal's incentives, it's clear what was planned:
Sell DXC.
You could see that also in the interim design, the interim processes, and how lausy management treated customers and employees. It wa sn-t their top priority.
Mike I failled with selling the company, Mike II also missed the goal.

"DXC in a regulatory filing said that Salvino is entitled to receive severance pay in accordance with his employment agreement and termination without case. For termination without cause, according to a regulatory filing this past June, Salvino was eligible for $13.2 million in payments, which includes a $9.7 million cash severance benefit.

Had an acquisition of DXC occurred, Salvino would have been eligible for $63.9 million in cash- and equity-based payments in the event of change in control of the firm, according to that same U.S. Securities and Exchange Commission filing."

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which means he was inept even by his low standards - he blew $50M for himself by failing to sell a $4B company TWICE when offered $10B. Its like having an old rust bucket of a car that cannot move and is blocking your driveway, worth about $400 scrap, and twice someone offers you $1000 to take it away and you try to negotiate for more!!! Amazing stupidity (or greed or both).

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