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Kyndryl showers execs with shares while staff ponder redundancy packages
Timing, as we noted previously, is everything. Now hard-pressed tech services biz Kyndryl is dishing out shares worth hundreds of thousands of dollars to execs in the middle of a redundancy program – and some staff are not amused. According to SEC filings made on June 5, chairman and CEO Martin Schroeter was awarded 19,406 units of common stock, valued at $12.25 per share.