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to Qtr call- Did they say why they suspended the buyback program in the call? Thanks in advance
No! The bonus payouts never get suspended. If anything they are increased.Besides, which issue has more relevance and resonates with investors --- bonus payouts or the buyback?The buyback, of course.CSC management would never mention anything about bonuses.
Yes! At conference call CSC management announced buyback has been suspended. It was because of NHS contract re-negotiations, MSS accounting issues, or lawsuits (I forget which one it was).CSC counsel advised CSC management could not continue buyback while one (or more) of these issues were still unresolved.