CB's Blog

2 十一月, 2008

Comment from an EDS employee to HP and EDS integration

作者 CB 00:31 | 静态链接网址 | 最新回复 (0) | 引用 (0) | 立此存照

A comment to this article: "HP to slash 24,600 jobs following EDS buy" posted on cnet.com.

by Freedom_Hound September 17, 2008 6:09 PM PDT

I am an EDS employee. I was just told today that starting Jan 1, EDS an HP Company will no longer fund the EDS pension. But the superior 401k match of HP would make up for it. After crunching the numbers of my "total compensation" this represents a 2.5% reduction in compensation. I wondered why, and then I found this:

"Ronald A. Rittenmeyer, the new CEO of Electronic Data Systems Corp., received compensation of nearly $14 million for 2007, a 10-percent increase reflecting his promotion and the company's increased profit even as its stock price dropped, reports the Associated Press."

and this:

HP Key Executives
Mr. Mark Hurd , 51
Exec. Chairman, Chief Exec. Officer and Pres $ 14.77M
Ms. Catherine A. Lesjak , 49
Chief Financial Officer and Exec. VP $ 2.24M
Ms. Ann M. Livermore , 49
Exec. VP of Technology Solutions Group $ 10.45M
Mr. Vyomesh Joshi , 54
Exec. VP of Imaging & Printing Group $ 6.75M
Mr. Shane V. Robison , 53
Chief Strategy and Technology Officer and Exec. VP $ 7.31M

Now I understand. They needed my paltry allowance for their lifestyles!!!