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Career and employment issues for EDS alumni (Electronic Data Systems Corporation) (Dec 18, 2021)
Website operated by volunteers. Not officially endorsed or supported. Question? Email:
info@hpalumni.org
See all our information for EDS alumni -- pension, stock,
benefits, networking, EDS history/culture -- whether
or not you ever worked for HP:
https://www.hpalumni.org/eds
Legal successors and company names.
Founder Ross Perot retained 50% of the stock when EDS went
public. GM contracts were 31% of revenue when he sold the company to GM in 1984. GM spun out EDS
in 1996.
EDS sale to Hewlett-Packard. Due to declining growth
and profits, EDS stock was down to $19 -- from $72 in 2001.
EDS management and board negotiated the sale for $14 billion
-- $25/share, a 32% premium.
Completed Aug 26, 2008.
EDS was
temporarily structured as a subsidiary, "EDS,
an HP Company."
On Sep 23, 2009, it was renamed "HP Enterprise
Services."
HP Breakup. On Nov 1, 2015, the legal name of the Hewlett-Packard Company was changed to HP Inc.
and a new, completely separate company – Hewlett Packard
Enterprise (green-rectangle logo; no hyphen) – was spun out. Portions of HPE were later spun out into DXC and Micro Focus, which have spun out other companies. Details: HP Breakup
HP Inc. is the overall legal successor to companies acquired by Hewlett-Packard before the company was
split into HP Inc and Hewlett Packard Enterprise on Nov 1, 2015. In general, responsibility for original commitments to former U.S. employees of Compaq, DEC, EDS, etc. remain with HP Inc. – regardless of whether their last business unit ended up in HP or HPE. (Canada and UK: HPE. Other countries vary. Which HP-related companies have me classified as a retiree or former employee? Due to acquisitions and spinoffs, this may not be obvious. Check here: Which Company Make sure that the legal successor to every company you ever worked for has your current postal address. Even if not classified by the company as a "Retiree" or if long gone -- in case of pension plan changes, employment lawsuits, settlements, or other issues. Update address at former company Other benefits issues for EDS alumni -- including 401(k), stock, HP and HPE retiree benefits, vehicle discounts. Death or disability of a former employee. Stock, pension, dependent health coverage, and other issues: Member advice Employment verification and experience letters for Hewlett-Packard, Hewlett Packard Enterprise, and related companies. Employment and Experience Verification Select the HPAA link below that fits your situation... - Current HP or HPE employee: Information for Current Employees. - HP or HPE employee in the process of leaving or being laid off: ASAP checklist. Check your LinkedIn profile. Even if not currently looking for a job, you need a strong, credible LinkedIn profile. Reconnect with people who know you and your work. Be found by hiring managers, recruiters, and recruiting bots. You can promote your specialized expertise. Your profile may have been automatically changed. Member advice: LinkedIn Tips and Traps Many former EDS folks have the wrong company on their LinkedIn profile. A recruiter searching for ex-EDS people may not find you. Check the logos displayed on your 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. Or an unrelated tiny private company called "EDS Group." 2. As part of the HPInc/HPE split, 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. Or you may have worked for HP instead of Hewlett Packard Enterprise. 3. If you just enter "DXC" you get a blank logo. There's a trick to that one too. Step-by-step instructions on how to get the correct company and the blue "bowling ball" logo: https://www.hpalumni.org/LinkedInPositions If leaving or recently left: ASAP Checklist. Other links: - HPAA's unofficial list of EDS Acquisitions 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. Details: HP and HPE Employment Lawsuits Operated by volunteers. Not officially endorsed or supported. More about the HPAA |
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