Feeds

Top four EDS execs exit stage left

'Other opportunities' abound

Internet Security Threat Report 2014

Four top EDS executives are leaving their jobs to "explore other opportunities" as part of the sprawling services company's layoff-and-pay-cut-heavy digestion by Hewlett-Packard.

EDS will see Tom Haubenstricker, head of finance; Mike Koehler, head of EDS Americas region; and Mike Paolucci, head of human resources depart the the company in May. Bobby Grisham, who oversees EDS sales, will retire in June.

According to the Sacramento Business Journal, Koehler is being replaced by Andy Mattes, who currently oversees application services. Paolucci will be succeeded by HP veteran Shawn Williams. There's currently no permanent replacements for Grisham and Haubenstriker, although the latter's spot will be filled by chief administrations officer Pete Bocian until his replacement is found.

The latest EDS exec exodus is just one of many financial squeezes put on the company since it was purchased by HP.

After EDS announced it would be acquired for $13.9bn last year, HP chief Mark Hurd — a man well known for swinging the axe in the name of the bottom line — announced plans to cull nearly 25,000 jobs to consolidate EDS into HP's existing services wing.

HP also recently instituted a permanent company-wide five per cent pay cut on top of a 10 per cent wage reduction for US workers at EDS for April.

Hurd, meanwhile, said he was taking a 20 per cent base salary cut. Quite a sacrifice, unless of course he gets anything like the $23.9m cash bonus he received last year. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.