IBM Employee and Investor Issues Summary Highlights for Week Ending January 13, 2001

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  April 24, 2004
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  Pension Lawsuit Win
  July 26, 2003
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  January 25, 2003
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  December 28, 2002
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  December 14, 2002
  December 7, 2002
  November 30, 2002
  November 23, 2002
  November 16, 2002
  November 9, 2002
  November 2, 2002
  October 26, 2002
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  September 28, 2002
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  2002 Stock Meeting
  April 27, 2002
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  2001 Stock Meeting
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  August 26, 2000
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  April, 2000

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Highlights for week ending January 13, 2001

Read the latest on the two IBM employee-sponsored stockholder resolutions including a new employee response to IBM's second letter to the SEC regarding the 2001 IBM Stockholder Proposal on Executive Compensation, Transparent Profit Reporting, and Vapor Profit.
Reuters Health: In Faltering Economy, Older Workers' Health at Risk. If link is broken, view PDF version [36KB]
Wall Street Journal: Are You in Danger of Losing Your Job to a Younger Worker? [PDF, 84KB] "As the economy cools, are you in danger of losing your job to a younger cubicle mate? Maybe so, if companies use the same layoff tactics that got them through the recession of the early 1990s, finds a new study by the International Longevity Center in New York."
sweatmag.org: Imploding Computer Industry & The Workers. Excerpts: "I have been aware of IBM workers effort to organize with CWA, and though I am not an IBM employee, I am a fellow worker in the computer industry. The labor situation in the computer service side of the industry is now in the state of implosion." "Here we are in the year 2000, with the entire computer workforce in disarray. Managers who formerly had Tom Peters texts displayed proudly on their shelves now use the pages of his books for bathroom tissue. Computer programmers, field technicians, and engineers hang their heads in worry, disgust, and fatigue at the way their kind are being summarily treated."
An interesting exchange took place on Yahoo!'s IBM Investor board:
- A 2nd generation IBMer, "jetskiman123", explains why he sees no need for a union at IBM.
- Another 2nd generation IBMer, Janet Krueger, responds.
- jetskiman123 replies to Janet
- Janet replies to jetskiman123. Janet's reply focuses on the forced distribution of PBC ratings, and how this policy has hurt teamwork at IBM. Excerpt "I still prefer the Watson philosophies; their approach to union busting was to always offer more benefits than a union could ever hope to negotiate."
Janet Krueger comments on the good that the Department of Labor has done for us, and the limited resources they have to work with.
Warning: These postings may be too political for some readers:
- Andy Lang responds to a comment that contributors to the Yahoo! IBM Pension Club should refrain from posting material that appears to be too policital. This is worth reading for its history of ERISA and the pension industry.
- Janet Krueger responds to the same comment. In Janet's posting, she describes why posts are sometimes deleted and what you can do if your post is deleted.
- Andy Lang comments on other George W. Bush appointments. Andy Lang comments on outgoing SEC Chairman Levitt.
- Andy Lang comments on the "notion that things are better off if everything is simply left to chance or to 'free' markets, or unfettered global capitalism, and that the central government is the enemy."
Philadelphia Inquirer: SEC's Levitt not inclined to go quietly. Extract "As I leave government, I'm going to take this opportunity to make some very candid observations about how investors are misled," Levitt said. "I'm going to tell them what they're entitled to and what they're not getting." (If link is broken, view PDF version [14KB]). Note: There is no IBM-specific information in this article. It is interesting, though, for investors of all kinds.
Poughkeepsie Journal: IBM Loses Bid to Stop Lawsuit. (If link is broken, view PDF version [98 KB]).
Catch up on the latest news from the UK IBM C-Planner's Web site:
- Read Newsletter 3
- Check out the new Shareholders News section
- Read the lengthy, but interesting, Trust Viewpoint with commentary by Brian Marks.
Gossip: A picture of Lou Gerstner standing next to President-Elect Bush was on the cover of the New York Times recently. CPR comments.
CNET: Supreme Court Upholds Layoff Benefits. Excerpt: "The U.S. Supreme Court refused to buttress the power of companies to reduce layoff benefits they promise workers, rejecting an appeal by Viacom in a dispute with a former employee." See full story. If link is broken, view PDF version [52KB].
har_philby speculates on IBM's fourth quarter earnings...

"The test of our progress is not whether we add more to the abundance of those who have too much; it is whether we provide enough for those who have too little." — Franklin D. Roosevelt

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