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For EDS Alumni (Electronic Data Systems Corporation)...   Updated March 25, 2018  Questions or comments to: info@hpalumni.org

How to get your LinkedIn profile to show the correct company for each position. LinkedIn Tips & Traps - Positions

Select the links below that fit your situation...

- Current HP employee: Networking and Information for Current Employees. Join EDS Alumni group on LinkedIn.

- HP employee in the process of leaving: ASAP checklist. Join EDS Alumni group on LinkedIn.

- Former EDS employee who never worked for HP: Join EDS Alumni and HP Connections groups on LinkedIn.

- Recruiter wishing to post jobs: Post jobs

 

Corporate structure and naming. 

- Currently, HP Inc is the legal successor to EDS -- not HPE or DXC -- and has responsibility for any commitments to former EDS employees. (Does not depend on whether your last business unit subsequently ended up in HPI, HPE, or DXC in the HP Breakup.)

- When EDS was acquired by HP on August 26, 2008, it was temporarily structured as a wholly-owned subsidiary called "EDS, an HP Company." Source

- On Sept. 23, 2009, HP announced that "EDS, an HP company" would become "HP Enterprise Services."  Source  The timing may have varied from country to country.

 

Stock:

- Micro Focus "Seattle SpinCo" US tax liability on 2017 return. Hewlett Packard Enterprise shareholders received shares in a UK company -- Micro Focus -- in the spinoff of HPE's software business. Due to unique circumstances involving a non-US corporation, HPE indicates that this transaction is taxable for US shareholders -- even if no Micro Focus stock has been sold.  Micro Focus tax

- If you acquired HP stock via the EDS employee stock purchase plan. Determine cost basis and ordinary income or capital gain for each lot of shares spawned by HP since the EDS acquisition -- HP Inc, Hewlett Packard Enterprise, DXC Technology, Micro Focus...  Details and HPAA advice for former EDS employee shareholders

- EDS stock: (no longer traded.) How to sell your EDS stock, stock price history, annual reports: Details and HPAA advice for former EDS employee shareholders

 

EDS pensions:

If you were employed by EDS or "EDS, an HP Company" before January 1, 2009 you may have an EDS pension that you have forgotten about. If you are not collecting on (or did not cash in) an EDS pension, check for an EDS pension account with Fidelity.

If you have an EDS pension that you are not yet collecting on, be sure that Fidelity has your current mailing address. (In order to reduce pension admin costs, at various times over the years those with relatively small balances were sent limited-time cash buyout offers by mail.)

"You may have a benefit in the [EDS Retirement] Plan if you were employed by EDS before HP acquired EDS on August 26, 2008, or if you joined EDS, an HP Company between August 26, 2008 and December 31, 2008. The plan was closed to new participants on January 1, 2009. Eligibility to earn Pay-Based Credits to Personal Pension Accounts (PPAs) under the Plan ended on December 31, 2008, although Interest Credits continue to accrue on existing PPA accounts"
--from the EDS Retirement Plan Summary Plan Description. 

The EDS pension plans are being administered by HP Inc, which is the legal successor to EDS -- not by HPE or DXC.

- US Contact: US HPI Retirement Service Center (operated by Fidelity.) 

- Outside the US, try the HPI official HR Support Country Selector or HPI Corporate contact points (scroll to end of page.)

 

Other retiree benefits:  First -- Which Company am I a former employee or retiree of? HPI, or HPE, or multiple companies? Given HP's complex history of  acquisitions, divestitures, and spinoffs, the company that you are a former employee of may not be obvious. Before contacting one of the HP-related companies, check here: Which Company 

 

Forums:

US Benefits Forum. Mutual help on health coverage -- COBRA, retirement, Medicare, open-market. Other company-administered benefits such as discounts.

EDS Alumni LinkedIn Group. If you formerly worked for EDS. Benefits, finance, and career issues specifically related to service with Electronic Data Systems Corp.

 

LinkedIn: Two reasons EDS alumni should check the logos displayed on their LinkedIn profile for past positions:
1. You may have selected "EDS" as a past employer and wound up displaying the red-chevron logo of Egyptian Document Storage... or the cerise triangle logo of a computer-aided design company in India.
2. As part of the HPI/HPE separation, HP changed the personal profiles of many former and current employees to display the HPE logo for past positions. You may wish to display the EDS logo for early positions on your profile instead.

How to fix the positions on your profile

 

Returning: Layoff status and chances of returning to HPE or DXC:  Member Advice

 

EDS/HP overtime allegations: The class action filed in 2006 concerning EDS/HP overtime was settled after nine years, 79 depositions, and 1.5 million pages of documents -- paying an average of $950 each to 2,700 people in 2015. Details: HP Employment Lawsuits

 

Sale to HP:

- EDS' last full year in business: 2% decrease in year-to-year revenue in the Americas; 1% decrease in EMEA; 1% increase in the separate US Government segment; 21% increase in much-smaller Asia Pacific segment -- resulting in 1% increase worldwide (page AR-1.) Last Annual Report

- EDS stock dropped from a high of $30 in the first quarter of 2007 to a low of $19 in the fourth quarter (page AR-5) Last Annual Report

- HP paid $25.00 per share -- a 32% premium over the EDS price of $18.86 before the May 13, 2008 announcement. Total $13.9 billion. Source

- The EDS board of directors negotiated the sale. It was approved by shareholders owning 98.8 percent of the stock. Source

- EDS had 140,000 employees; HP had 172,000 total employees, including 70,000 services employees. Source

- Fortune article summarizing the HP Breakup.

- EDS stock is no longer traded. You can exchange shares for $25 per share in cash. Details and HPAA advice for former EDS employee shareholders

 

Other links:

- Employment Verification for former HP and EDS employees. (EDS employment before August 2008 may be listed under the old EDS employer codes: details.)

- Networking Directory of HP- and EDS-related networks and groups worldwide.

- Contacts for former HP, HPI, HPE employees (And EDS retirees.)

 

EDS culture:

- "Eagles don't flock, you have to find them one at a time." Ross Perot

- The "Grass Roots Wisdoms" are listed and discussed in a short book by former EDS executive coach Gary Hassenstab. ISBN-10: 1537116061

- "A Unique One-Time Opportunity: The Story of How EDS Created Outsourcing" by Eric O'Keefe; Copyright Morton H. Meyerson. More than 50 EDSers share the story of the one-of-a-kind corporate culture. CreateSpace Independent Publishing Platform (October 2012) ASIN: 1478273321

- "Liberation Management" by Tom Peters. Chapter: "World's Largest Project Organization in the World's Zaniest Industry." Knopf (1992) ASIN: 0394559991   ASIN: 0449456781

 

Classic EDS ads:

- "Cat Herders" (Super Bowl, January 2000)  Video on the agency's website: https://www.fallon.com/case/cat-herders-2/

- "Airplane" (Thanksgiving, 2000)  https://www.youtube.com/watch?v=L2zqTYgcpfg

- "Running of the Squirrels" (Super Bowl, January 2001)  https://www.youtube.com/watch?v=ZjQakLzlPfs

Detailed article about the first ad, the campaign, awards, and news coverage: https://en.wikipedia.org/wiki/Cat_Herders

Marketing case study: http://marketing-case-studies.blogspot.co.uk/2008/09/cat-herders-campaign.html

 

EDS personalities:Ross Perot

- $14M from Perot. "Don't name it after me." Dallas D Magazine article.

- "My Life & The Principles for Success" by Ross Perot. Summit (September 1996) ISBN-10: 1565302370 

- "Perot: An Unauthorized Biography" by Todd Mason. McGraw-Hill (April 1990) ISBN-10: 1556232365

- "Irreconcilable Differences: Ross Perot Versus General Motors" by Doron P. Levin. Little Brown (March 1989) ISBN-10: 0316522112   ISBN-10: 0452263867

- "On Wings of Eagles" by Ken Follett. Semi-fictionalized account of effort to rescue two EDS executives imprisoned in Iran. Morrow (September 1983) ISBN-10: 0688023711   ISBN-10: 0451213092   ISBN-10: 0451163532

 

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