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.


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