Slashdot Mirror

← Back to Stories (view on slashdot.org)

EDS Silent On New CEO's IT Consulting Past

Posted by timothy on from the rubber-chicken-circuit dept.

theodp writes "Slate reports on the press release issued by IT consulting giant EDS to announce new CEO Michael H. Jordan that curiously doesn't show Jordan to have any experience in the IT consulting field. In the late '90s, Jordan helped create IT consulting firm Luminant, took it public, and served as chairman of its board for 21 months. Luminant raised $80+ million from its IPO and paid $422 million to buy businesses as part of its pure-play roll-up strategy before filing Chapter 11 and having its assets sold for a mere $3 million. Slashdot readers may remember Luminant as the wacky workplace of My Fake Job, in which an ex-"Late Night" writer described 17 days he spent faking a job at the dot-com."

5 of 114 comments (clear)

  1. Ex Lumie by hhawk · · Score: 2, Informative

    I worked at Luminant and Michael did work there... although I don't think he had much if anything to do with the day to day managment. I was hoping he would have had a very active role but I didn't see it.

    --
    http://www.hawknest.com/
  2. Does it matter ? by ramzak2k · · Score: 3, Informative

    Does it really matter that Luminant was not successful business model and it failed under the effects of the Dot bomb crash ?

    When advertising the appointment of a new CEO why would a company mention his negatives like
    "he was at the driving seat of a tech company that that ran into bankruptcy". It would be obvious that they would dwell on what he did successfully.

    Also, just because someone failed in a dot com start-up would not strip him of all the success he seems to have enjoyed - and he seems to have had quite a lot of it.
    - 10 years at McKinsey
    - Pepsi, where he rose to president and CEO of PepsiCo WorldWide Foods
    - Turned the old industrial company Westinghouse into a New York media heavyweight

    --

    Siggy Say, Siggy Do
  3. Good things? by martins99 · · Score: 3, Informative

    Well, one good thing is that I, as an EDS employee:

    -> Won't see the "Action, urgency and excellence" emails no more..

    -> Perhaps can sell the book, written by Mr Brown, on EBay for loads of money in 10 years?

    *rofl*

  4. Re:EDS has their thumb in many pies by Linegod · · Score: 2, Informative

    You do know the Saskatchewan government turned down the EDS proposol don't you?
    http://www.gov.sk.ca/newsrel/releases/2003/03/06-1 29.html.
    And I believe CGI and TMC have more Government contracts in Sask than EDS. .

    --
    -- I care not for your foolish signatures.
  5. The Whole Article by therevan · · Score: 2, Informative

    I posted the whole thing on my school space, for anyone who wants a great read:

    My Fake Job