Had Dst reinvested it's earnings rather than paying it out to executive staff from 80-2017, it would not have been bought out. It would be in great shape. No layoffs. It would have been buying other companies instead. The offshore staff was a disaster. But a boondoggle of fun trips for male executives!
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DST was already in trouble before it was sold. They were looking to sell chunks of the business and break into smaller business but found no takers. Debt can be managed but once it becomes to large it’s difficult to manage even when you have tons of cash. The products have huge customer base paying for stale products. If the cash is still coming in the expenses are the problem. Don’t expect ssnc for product improvements expect them to focus on expense savings everywhere and anywhere. Ssnc sees the cash and they will raid it. Don’t get to stuck on how they are doing it as it s going to get brutal in 2019 when they miss the 40 margins and cuts don’t help their bottom line.
Bad management was under DST. Ss&c will right the ship by doing the dirty work
Granny, DST KC never treated their offshore as their extended team and you made a joke by blaming them here.. my team's had great working relationship and deliveries from Offshore staff.. do not blame them for no reason and all credit should go to Hatchet Hooley!!
Not bad management for the executives who own alot of shares. They sold the company and let someone else do the dirty work of cutting people & expenses.