* Posts by son of sam

11 posts • joined 10 Apr 2019

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DXC's new boss has quite the cleanup ahead after frankenfirm exits Q2 nursing $2bn loss

son of sam

"Meet the new boss, same as the old boss"

Current employees will continue to see their salary eroded by inflation, with no cost of living raise ever.

Out sourcing to lost cost countries will continue.

The new CEO will earn millions in salary and bonus as DXC circles the drain.

Mark Hurd is dead

son of sam

Hurd was the perfect example of how CEO's and the BOD's have hijacked corporations today resulting in capitalism's failure. In reality he created no value at HP during his reign of terror. Among others he bought EDS and Palm. Both were disasters. The intent was to boost revenue while slashing away at the workforce, R & D and anything of value which could be eliminated to cut expenses. No new value was ever created. Customers fled as the workforce supporting them was outsourced offshore or was simply eliminated. The short term boost in revenue along with increased profit from cost cutting earned Hurd millions in bonuses. He he walked with at least a $100 million during his short tenure. He was the master of manipulation of how to use a corporation to increase his own wealth. A true Wall Street darling. A prime example of how the 1% have been stealing all the wealth in the last 30 years while the rest of the workforce saw little if any increase in pay to this day. A truly sad story.

Judge slaps down Meg Whitman for accusing Autonomy boss of being a 'fraudster who committed fraud'

son of sam

Re: Wow, that certified software has really had to prove itself.

You had it made, at HPE we had to bring our own pencils.

Controversial American bigwig in London... no, not Trump: HPE ex-CEO Meg Whitman to give Autonomy trial evidence

son of sam

Re: Sticking with the Country theme..

This is so simple and brilliant. I just three sentences you have described the entire fiasco. I love it.

'Happy to throw Leo under the bus', Meg Whitman told HP after Autonomy buyout

son of sam

Meg Whitman and Mark Hurd combined fired hundreds of thousands of HP employees. So much pain for so many folks. Now HP is but a shell of what it once was, as it continues to circle the drain. Yet Whitman is a billionaire, and Hurd has a net worth in the hundreds of millions. There is just something so wrong with this picture. CEO's like Hurd and Whitman manipulate the corporations they run in order to maximize their own earnings. They couldn't care less about the workers they use and destroy as they enrich themselves.

DXC Technology seeks volunteers to take redundancy. No grads, apprentices, and 'quota carrying' sales folk

son of sam

Re: Redundancies...

In 2018 Mike earned $32 million in salary and stock options. Not a bad haul for the CEO of a failing corporation.

Cray's found a super scooper, $1.3bn's gonna buy you. HPE's the one

son of sam

Here is a list of all the hardware and software companies that HPE has bought out over the last 20 years and successfully integrated ......

Here's what Lynch, Hussain and HPE are saying about Autonomy pre-buyout due diligence

son of sam

The CEO always wins

Don't shed any tears for poor Leo Apotheker . Like his predecessor, former CEO Mark Turd, he was handsomely rewarded with a fabulous severance package when he was fired. HP had been one disaster after another since the days when Carly Fiorina became CEO. Each subsequent CEO had also failed the shareholders and employees while walking away with millions after being fired. This is the sad state of affairs in US corporations these days. There is no downside for a CEO to fail.

son of sam

Re: Stuff and nonsense, vs stuffing

Are you kidding? Compaq, which HP merged with, invented channel stuffing! It was a well known industry fact that they did it all the time.

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