Fox Business - The Power to Prosper
Search Site

Samuel Palmisano

IBM Chief Issues Rare Reprimand to Employees

International Business Machines Corp. (IBM) Chief Executive Virginia Rometty delivered a rare companywide reprimand in the wake of a poor earnings report last week, saying the sprawling technology company had become too sluggish and unresponsive to customers.The comments came in a five-minute internal video message to the company's 434,000 employees.In the video, Ms. Rometty salted the praise for employees in her regular post-earnings pep talk with unusually blunt comments that the company needs to speed its shift to new computing models to get back on track."Where we haven't transformed rapidly enough, we struggled," Ms. Rometty said in the video published on IBM's internal website and reviewed by The Wall Street Journal. "We have to step up with that and deal with that, and that is on all levels."In another sign of fallout from the poor earnings, IBM reassigned one of its most senior executives--the head of the company's computer hardware business--following a sharp drop in first-qua...

Read More

  1. IBM to manage IT for Bharti Africa operations

    By Duncan MiririNAIROBI, Sept 17 (Reuters) - Bharti Airtel has selected IBM to manage the computing technology and services running itsnewly acquired mobile networks...

  2. US prosecutors ask 6 months prison for ex-IBM exec

    NEW YORK, (Reuters) - U.S. prosecutors Monday recommended a six-month prison term for Robert Moffat, a former IBM executive who pleaded guilty in the Galleon hedge f...

  1. IBM Board Elects CEO Virginia Rometty Chairman

    The IBM board of directors on Tuesday elected Virginia Rometty as chairman, effective Oct. 1, the company said. Rometty, 55, is currently IBM's president and chief e...

  2. Amazon 3Q Earnings Miss Estimates

    FBN’s Adam Shapiro breaks down Amazon’s third-quarter earnings results.

  3. IBM Names Rometty CEO, Palmisano to Stay on as Chairman

    IBM (NYSE:IBM) said Tuesday that its board of directors has elected Virginia M. Rometty as the company's new chief executive officer, effective January 1, 2012.Romet...

  4. IBM’s 2Q Earnings, Revenue Top Wall Street Views

    Blue-chip computer hardware and software maker International Business Machines Corp. (NYSE:IBM) posted second-quarter revenue and earnings that topped Wall Street vi...

  5. IBM Bumps Dividend Up 15%

    IBM (NYSE:IBM) on Tuesday boosted its quarterly dividend by 15%.The tech giant's board of directors approved a 10-cent hike, raising the dividend to 75 cents per sha...

  6. IBM's 4Q Beats the Street; 2011 View Bright

    International Business Machines Corp. (NYSE: IBM ) saw its shares rally nearly 2.5% in late trading after the IT company posted better-than-expected fiscal fourth-qu...

  7. IBM 3Q Earnings Jump 12%, Beating Estimates

    International Business Machines (NYSE: IBM ) on Monday reported its third-quarter net income jumped 12% from a year ago, easily beating analysts’ estimates.Earnings ...

Freebase CC-BY
Source: Samuel Palmisano on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL