Electronic Data Systems' new CEO got a smaller salary last year than his ousted predecessor had in the past, but he received a restricted stock award worth $2.3 million and a $540,000 cash bonus. Mike Jordan, who took overlast March, earned a salary of $780,768, according to a filing Tuesday with the U.S. Securities and Exchange Commission. , who earned a salary of $1.5 million in both 2001 and 2002. Brown earned $375,000 last year. Brown also received a lump-sum payment of $12.2 million upon termination and vested in a supplemental retirement benefit valued around $19.6 million.
Jordan received other compensation last year totaling $109,076 and roughly 1 million stock options with a hypothetical value of $3.6 million when they were granted. EDS reported a fourth-quarter net loss of $354 million and is the target of a.