Feeds

The price of failure: $35m

And Edser, in bed, Sir, was dead, Sir!

  • alert
  • submit to reddit

Internet Security Threat Report 2014

EDS is to take a $35 million charge in Q1 to cover the severance package of Dick Brown, the CEO and chairman who was fired last week. No wonder his valedictory email to the EDsers was so touchy-feely.

Brown is to receive $12.4 million cash, vested stock options worth $5.4 million; retirement benefits - currently worth $19.6 million - to be paid in monthly instalments; continuation of certain other benefits and acceleration of unvested stock options.

Thirty-five million bucks: is that all? We must question Dick Brown's negotiating skills. After all he had the whip-hand in 1998 when EDS was tempting him away from Cable & Wireless PLC. And CEOs, like bananas, do not grow on trees, as we are continually reminded by, err, CEOs.

Mr. Brown has suffered enough humiliation already: Top Bananas deserve top dollar. Give that poor man a raise! ®

Bootnote

Dick Brown says he will always be an EDser, prompting this letter from Reg Reader Kaal Alexander:

As soon as I read your piece on the EDSer I was put in mind of a Spike Milligan limerick:

There was a young soldier called Edser,
Who, when wanted, was always in bed, Sir.
One morning at one they fired a gun,
And Edser, in bed, Sir, was dead, Sir!

Related stories

Dick Brown: Action, urgency, excellence!
EDS fires Dick Brown

Beginner's guide to SSL certificates

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.