DISQUS

VentureBeat: HP slashes ex-EDS salaries up to 47 percent: “It’s a slap in the face”

  • Sachin Agarwal · 3 months ago
    Wow, that might possibly be the most inaccurate sentence in the history of American reporting on what actually happened to Ross Perot in 1992. Wikipedia has more: http://en.wikipedia.org/wiki/Ross_Perot The 39% you cite was merely his best poll showing.
  • Scott · 3 months ago
    People are loosing 50% of their pay and you focus on statistics of Ross Perot from 1992!?! Someone should give you a good butt kickin'.
  • Steve · 3 months ago
    The "brash, I-always-win style continued as part of EDS’s professional brand" ....and too bad too because it was (by the time I worked there) terminal arrogance based on past glories. The EDS I knew was bumbling and mediocre at best, archaic, stagnant and very arrogant and unwilling to consider the need for change from command and control management style. Frankly, this HP gutting is just rewards. EDS was a bad company to work for and personally, I am thrilled to hear about these cuts be directed at the jerks I once worked for. They had it coming.
  • johnny_fn · 3 months ago
    Steve - unfortunately, it will be the lowest level workers actually out on
    "the assembly line floor" taking the cuts, not the inept managers and senior managers that had the pleasure of supervising you.
  • sunshine135 · 3 months ago
    It was actually both managers and employees. Still, I would not wish this on my own worst enemy. Bad karma gets repaid, and I have seen a lot of dead weight employees dropped too Steve. You didn't happen to be one of those dead-weights now were ya?
  • GUEST · 3 months ago
    Obviously you could not handle hard work. Hope you enjoy working at Wendys'
  • Disappointed, Furious & Poor · 3 months ago
    As long as we put up with it, corporations will continue to behave like this toward us little people.

    I for one will not support HP ever again. Not as a consumer, nor as the wife of an HP/EDS employee who lost her job last year via similar corporate tactics at another "World Class Company". Which means, my household has suffered a 70% reduction in income thanks to morally corrupt CEOs and the Corporations that reward them.

    My husband only worked for EDS because EDS acquired the company he was originally working for. Before HP, he thought EDS was a terrible company to work for. I guess he was wrong. My husband will be quitting soon. If he has to start over for less pay, he'd rather do so at a more deserving employer.
  • steve · 3 months ago
    Where did you get your "from 10 million to eight" figure from? I think it was an inaccurate statement in another new article that his base pay was $10 million. In fact: Hurd is taking a 20% cut off his base pay, which was $1.45 million last year. However, his total compensation last year was $42 million. His non-base pay compensation is not affected by the pay cut. Please update your column.
  • ScrewedbyEDS · 3 months ago
    "some employees will receive pay reductions while others will benefit from salary increases"

    This is not true, they will be reducing pay for employees September 1st, but will not be doing any salary increases till at least November at the earliest, and that time line keeps changing on a weekly basis.