EDS to Cut 2,000 Jobs - Why not fire the failed overpaid CEO first?

[Rich]

All,

If EDS "watches" its money, why does the CEO have a huge compensation package
while they are planning to lay off 2,000 people? Who is watching out for
the employees and the shareholders interests? It is definitely not the executive
team or the board of directors.

Rich


From http://www.foxnews.com/story/0,2933,56812,00.html

"This is not unusual for our business," Chief Executive **** Brown said.
"This action has absolutely nothing to do with our relation with WorldCom.
EDS is a solid company with a straightforward business model. We watch our
money and we stick by our clients."

[Michael Q. Gautier]

I almost accepted a job from EDS a few weeks ago. Good thing I changed my
mind.

I wonder if the people recruiting me were as informed of the impending layoffs
as the management were. This could have been a disaster since I have a relatively
stable thing going. The grass just never seems to be greener, just green
haze from a distance. I work for a Music Company and I never would have thought
that they would be a more stable environment than an IT company.

[Charles Kiley]

"Rich " <Rich@nospamm.com> wrote:
>
>..."This is not unusual for our business," Chief Executive **** Brown said.
>"This action has absolutely nothing to do with our relation with WorldCom.
>EDS is a solid company with a straightforward business model. We watch our
>money and we stick by our clients."

Notice how Mr. Brown said nothing about the company's employees or about
taking a pay cut (he earns 55 million a year).


Hi Michael Q. Gautier,

It is more than just cheap labor. Indentured servitude plays a big part
as well. A lot of American IT workers tend to job hop. Sure some leave
for more money and better benefits, but many seem to leave a company for
other reasons such as a bad work environment. With the H-1B visa program
there is no need for companies to improve their working conditions or other
benefits. Employers know they have an H-1B worker locked in for at least
three years.

[Michael Q. Gautier]

In addition to lowering workplace improvement costs, there is also the issue
of perceived value. Managers and others who make the decision to outsource
are usually in a position of determining business policy as well as retaining
the "corporate memory". Programmers, secretaries and others who are employed
only to provide labor may not carry the same level of "importance" as managers,
executives, sales and marketing personnel.

Is the perceived value of a programmer the same as an IT Director or is an
administrative sales assistant as important as a customer accounts manager?
I feel that a good part of the answer to the whole H1-B issue as it relates
to American jobs has to do with the value placed on programmers. Would they
ever outsource their executive management, when that costs a whole lot more?
That question may border on idealism, so better yet, would they outsource
electronic record keeping or accounting? What wouldn’t they outsource?