A Rebound for Jordan

Fahey, Jonathan
March 2006
Forbes Asia;3/13/2006, Vol. 2 Issue 4, p16
The article focuses on Electronic Data Systems chief Michael Jordan and his effort in improving the business. In response to the company's struggling condition, Jordan dismissed 10,000 workers and plans to cut an additional 7,000 or more by end of 2006. He has also retrained 50,000 workers on a new slate of hardware and software. Jordan still needs to increase revenues but investors are responding well, pushing shares to a three-year high of $27.


Related Articles

  • EDS Stock, at 52-Week High, Finds Believers on Wall St. MARJANOVIC, STEVEN // American Banker;5/17/1999, Vol. 164 Issue 93, p15 

    Focuses on the stock price of Electronic Data Systems Corp. for the first quarter of 1999. Gains registered by the company's stocks; Opening of bank solutions centers in Louisiana boosting its share prices.

  • Make a mistake! Markowitz, Michael // EDN;04/15/99, Vol. 44 Issue 8, p31 

    Focuses on the importance for companies to deal employees' mistakes. Comparison with Michael Jordan's willingness to fail; Benefits from innovation in business.

  • EDS: new top execs get warm welcome.  // MarketWatch: Technology;May 2003, Vol. 2 Issue 5, p16 

    Reports on the corporate reorganization of Electronic Data Systems Corp., a computer service provider in the U.S. Assumption of former CBS chairman and CEO Michael Jordan as chairman and CEO of the company; Reinstatement of Jeffrey Heller as president and COO; Speculation whether the new...

  • EDS to lay off 2,700.  // eWeek;6/23/2003, Vol. 20 Issue 25, p20 

    Electronic Data Systems (EDS) Corp. last week announced it will shed some 2,700 workers as part of an organizational restructuring designed to cut costs as of June 23, 2003. These cuts represent about 2 percent of the company's global work force. The move comes as EDS CEO Michael Jordan...

  • EDS: new top execs get warm welcome.  // MarketWatch: Global Round-up;May 2003, Vol. 2 Issue 5, p139 

    Reports on the appointment of Michael Jordan as chairman and chief executive officer of Electronic Data Systems (EDS). Appointment of Jeffrey Heller to the positions of president and chief operating officer; Investors' reaction over the resignation of chairman Dick Brown; Effects of executive...

  • REPORTER'S NOTEBOOK. Dietderich, Andrew // Crain's Detroit Business;11/21/2005, Vol. 21 Issue 47, p11 

    This article focuses on CEO of Electronic Data Systems Corp. (EDS) Michael Jordan's speech at a luncheon hosted by the Detroit Economic Club. His company is huge. EDS had 2004 revenue of $20.7 billion. The company employs about 8,000 in Southeast Michigan. His low-key discussion, he didn't use a...

  • Giant Sucking Sound. Meredith, Robyn // Forbes Global;10/6/2003 Special Issue, Vol. 6 Issue 18, p28 

    Reports on the decision of Electronic Data Systems to ship U.S. white-collar jobs offshore to catch up with low-cost competitors. Number of workers to be hired in 2004; Impact of the decline in technological spending and unprofitable contracts; Business strategy of CEO Michael Jordan.

  • Services as commodity. Gibson, Stan // eWeek;12/20/2004, Vol. 21 Issue 51, p46 

    This article reports that the cautious rebound in information technology (IT) spending has meant that IT budgets have had to run a gauntlet of skepticism at many companies. Gone are the days when the mere mention of IT was greeted with an open checkbook. The memory of too many large, expensive...

  • Stung by WorldCom, EDS to AX 2,000 Jobs.  // American Banker;7/3/2002, Vol. 167 Issue 127, p20 

    Reports the decision by Electronic Data Systems Corp. to eliminate jobs as of July 2003. Drop in stock price caused by concern that WorldCom would not be able to complete payments on a services contract it was awarded in 1999.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics