Welcome to IBM Employee News and Links
"News and links for IBM employees, retirees, ex-employees, and persons interested in pension, retirement, off-shoring and corporate governance issues."
Search:
Web This Site

Quick Links:
  Get involved!
  Press articles
  Important Links
  Insider trading
  Lou's Contract
  Total Compensation
Subscribe:
  Add or delete ID
  Change ID
  Contact site owner
Previous Highlights:
  Current
  April 21, 2007
  April 14, 2007
  April 7, 2007
  March 31, 2007
  March 24, 2007
  March 17, 2007
  March 10, 2007
  March 3, 2007
  February 24, 2007
  February 17, 2007
  February 10, 2007
  February 3, 2007
  January 27, 2007
  January 20, 2007
  January 13, 2007
  January 6, 2007
  December 30, 2006
  December 23, 2006
  December 16, 2006
  December 9, 2006
  December 2, 2006
  November 25, 2006
  November 18, 2006
  November 11, 2006
  November 4, 2006
  October 28, 2006
  October 21, 2006
  October 14, 2006
  October 7, 2006
  September 30, 2006
  September 23, 2006
  September 16, 2006
  September 9, 2006
  September 2, 2006
  August 26, 2006
  August 19, 2006
  August 12, 2006
  August 5, 2006
  July 29, 2006
  July 22, 2006
  July 15, 2006
  July 8, 2006
  July 1, 2006
  June 24, 2006
  June 17, 2006
  June 10, 2006
  June 3, 2006
  May 27, 2006
  May 20, 2006
  May 13, 2006
  May 6, 2006
  2006 Stock Meeting
  April 22, 2006
  April 15, 2006
  April 8, 2006
  April 1, 2006
  March 25, 2006
  March 18, 2006
  March 11, 2006
  March 4, 2006
  February 25, 2006
  February 18, 2006
  February 11, 2006
  February 4, 2006
  January 28, 2006
  January 21, 2006
  January 14, 2006
  January 7, 2006
  December 31, 2005
  December 24, 2005
  December 17, 2005
  December 10, 2005
  December 03, 2005
  November 26, 2005
  November 19, 2005
  November 12, 2005
  November 5, 2005
  October 29, 2005
  October 22, 2005
  October 15, 2005
  October 8, 2005
  October 1, 2005
  September 24, 2005
  September 17, 2005
  September 10, 2005
  September 3, 2005
  August 27, 2005
  August 20, 2005
  August 13, 2005
  August 6, 2005
  July 30, 2005
  July 23, 2005
  July 16, 2005
  July 9, 2005
  July 2, 2005
  June 25, 2005
  June 18, 2005
  June 11, 2005
  June 4, 2005
  May 28, 2005
  May 21, 2005
  May 14, 2005
  May 7, 2005
  April 30, 2005
  April 23, 2005
  April 16, 2005
  April 9, 2005
  April 2, 2005
  March 26, 2005
  March 19, 2005
  March 12, 2005
  March 5, 2005
  February 26, 2005
  February 19, 2005
  February 12, 2005
  February 5, 2005
  January 29, 2005
  January 22, 2005
  January 15, 2005
  January 8, 2005
  January 1, 2005
  December 25, 2004
  December 18, 2004
  December 11, 2004
  December 4, 2004
  November 27, 2004
  November 20, 2004
  November 13, 2004
  November 6, 2004
  October 30, 2004
  October 23, 2004
  October 16, 2004
  October 9, 2004
  October 2, 2004
  September 25, 2004
  September 18, 2004
  September 11, 2004
  September 4, 2004
  August 28, 2004
  August 21, 2004
  August 14, 2004
  August 7, 2004
  July 31, 2004
  July 24, 2004
  July 17, 2004
  July 10, 2004
  July 3, 2004
  June 26, 2004
  June 19, 2004
  June 5, 2004
  May 29, 2004
  May 22, 2004
  May 15, 2004
  May 8, 2004
  2004 Stock Meeting
  April 24, 2004
  April 10, 2004
  April 3, 2004
  March 27, 2004
  March 20, 2004
  March 13, 2004
  March 6, 2004
  February 28, 2004
  February 21, 2004
  February 14, 2004
  February 7, 2004
  February 1, 2004
  January 18, 2004
  December 27, 2003
  December 20, 2003
  December 13, 2003
  December 6, 2003
  November 29, 2003
  November 22, 2003
  November 15, 2003
  November 8, 2003
  November 1, 2003
  October 25, 2003
  October 18, 2003
  October 11, 2003
  October 4, 2003
  September 27, 2003
  September 20, 2003
  September 13, 2003
  September 6, 2003
  August 30, 2003
  August 23, 2003
  August 16, 2003
  August 9, 2003
  Pension Lawsuit Win
  July 26, 2003
  July 19, 2003
  July 12, 2003
  July 5, 2003
  June 28, 2003
  June 21, 2003
  June 14, 2003
  June 7, 2003
  May 31, 2003
  May 24, 2003
  May 17, 2003
  May 10, 2003
  2003 Stock Meeting
  April 26, 2003
  April 19, 2003
  April 12, 2003
  April 5, 2003
  March 29, 2003
  March 22, 2003
  March 15, 2003
  March 8, 2003
  March 1, 2003
  February 22, 2003
  February 15, 2003
  February 8, 2003
  February 1, 2003
  January 25, 2003
  January 18, 2003
  January 11, 2003
  January 4, 2003
  December 28, 2002
  December 21, 2002
  December 14, 2002
  December 7, 2002
  November 30, 2002
  November 23, 2002
  November 16, 2002
  November 9, 2002
  November 2, 2002
  October 26, 2002
  October 19, 2002
  October 12, 2002
  October 5, 2002
  September 28, 2002
  September 21, 2002
  September 14, 2002
  September 7, 2002
  August 31, 2002
  August 24, 2002
  August 17, 2002
  August 10, 2002
  August 3, 2002
  July 27, 2002
  July 20, 2002
  July 13, 2002
  July 6, 2002
  June 29, 2002
  June 22, 2002
  June 15, 2002
  June 8, 2002
  June 1, 2002
  May 25, 2002
  May 18, 2002
  May 11, 2002
  2002 Stock Meeting
  April 27, 2002
  April 20, 2002
  April 13, 2002
  April 6, 2002
  March 30, 2002
  March 23, 2002
  March 16, 2002
  March 9, 2002
  March 2, 2002
  February 23, 2002
  February 16, 2002
  February 9, 2002
  February 2, 2002
  January 26, 2002
  January 19, 2002
  January 12, 2002
  January 5, 2002
  December 29, 2001
  December 22, 2001
  December 15, 2001
  December 8, 2001
  December 1, 2001
  November 24, 2001
  November 17, 2001
  November 10, 2001
  November 3, 2001
  October 27, 2001
  October 20, 2001
  October 13, 2001
  October 6, 2001
  September 29, 2001
  September 22, 2001
  September 15, 2001
  September 8, 2001
  September 1, 2001
  August 25, 2001
  August 18, 2001
  August 11, 2001
  August 4, 2001
  July 28, 2001
  July 21, 2001
  July 14, 2001
  July 7, 2001
  June 30, 2001
  June 23, 2001
  June 16, 2001
  June 9, 2001
  June 2, 2001
  May 26, 2001
  May 19, 2001
  May 12, 2001
  May 5, 2001
  2001 Stock Meeting
  April 21, 2001
  April 14, 2001
  April 7, 2001
  March 31, 2001
  March 24, 2001
  March 17, 2001
  March 10, 2001
  March 3, 2001
  February 24, 2001
  February 17, 2001
  February 10, 2001
  February 3, 2001
  January 27, 2001
  January 20, 2001
  January 13, 2001
  January 6, 2001
  December 30, 2000
  December 23, 2000
  December 16, 2000
  December 9, 2000
  December 2, 2000
  November 24, 2000
  November 17, 2000
  November 10, 2000
  November 4, 2000
  October 28, 2000
  October 21, 2000
  October 14, 2000
  October 7, 2000
  September 30, 2000
  September 23, 2000
  September 16, 2000
  September 9, 2000
  September 2, 2000
  August 26, 2000
  August 19, 2000
  August 12, 2000
  July 29, 2000
  July 22, 2000
  July 15, 2000
  July 1, 2000
  June 24, 2000
  June 17, 2000
  June 10, 2000
  June 3, 2000
  May 27, 2000
  May 20, 2000
  May 13, 2000
  May 6, 2000
  April, 2000
 

Join your fellow employees who are fighting for your benefits - Join the Alliance!

Retirees, Vendors, Contractors, Temps, and Active Employees are all eligible to become members of the Alliance.


    Highlights for week ending March 29, 2003
  • Vault's IBM Business Consulting Services message board is a popular "hangout" for former PwC consultants that are now part of IBM Global Services. This posting, for example, comments on IBM's travel policies. Full excerpt: "The new BCS expenses policies are a joke. Meal limitations, going dutch on meals, ridiculous airline and hotel requirements...I'm sorry, but if client is reimbursing -then project manager should ensure that project expenses are managed appropriately, not some jugheads in Raleigh or Armonk whose definition of travel is driving from home to the office! Let us be our own judge of 'reasonable' expenses...not some pinheads from HR or accountant who have never been in client service!"


  • James Maguire, www.NewsFactor.com: IT Burnout at Critical Level. Excerpts: "A majority of IT managers say IT employee burnout is now a serious issue in their organizations, according to a recent study by research firm Meta Group. Among the many areas of high concern to IT departments this year, few are as evident as employee morale, the report states." ... "Providing training is the most commonly used method of boosting employee satisfaction: 55 percent of companies surveyed have started skills development programs to boost morale, according to the report. But as Schafer said, 'I've talked to a number of managers recently who are quite frustrated because there isn't enough time to let people take off and do training. It would give [IT employees] a break, but with reduced numbers of people manning the ranks, it's difficult to provide this perk.'" (Editor's note: Many areas in IBM Business Consulting Services continue to have a "no education in place unless it's free" policy. This policy has been in place in many areas for over three years).


  • The Observer (United Kingdom): Ex-presidents club' gets fat on conflict. High-flying venture capital firm Carlyle Group cashes in when the tanks roll, writes Jamie Doward. Excerpt: "It is the sort of thing they really could have done without. For 15 years one of America's most powerful venture capital groups has tried to play down suggestions that its multi-billion dollar funds get fat on the back of global conflict. But now, with the invasion of Iraq under way, a new book chronicling the relatively short history of the Carlyle Group threatens to draw attention to the company's close links with the Pentagon. Dan Briody, author of the Iron Triangle, Inside the Secret World of the Carlyle Group, alleges the company's executives were so worried about his book they told staff not to talk to him. The Carlyle Group rejects this and argues the book is little more than a cuttings job based around some of the more crazy conspiracy theories found on the internet. It also points out that only around 7 per cent of its funds are invested in defence companies, far less than several other venture capital groups." (Author's note: Former IBM CEO Louis Gerstner is now employed by the Carlyle Group).


  • San Francisco Chronicle: The Home Front. Protests Shift to Firms. Demonstrators Scale Back, Focus on War's Supporters. Excerpts: "On Monday, a few hundred protesters organized by Direct Action to Stop the War chose two sites in San Francisco to test the new strategy -- the Federal Building and the Carlyle Group, a politically connected investment firm with offices in the Transamerica Pyramid."
  • ... "While the demonstration at the Federal Building was going on, other protesters were at the Transamerica Pyramid to focus on the Carlyle Group, whose investor roster ranges from former President George H.W. Bush to the Saudi family of Osama bin Laden."

  • IBM Employee Issues message board: Award of $705,523 to IBM Employee terminated during Sickness & Accident Leave. Excerpt: "Important message from Skip Bogard, who is a current IBM employee and also National Committee Chairperson for Persons with Disabilities and Medical Issues, Alliance@IBM (CWA Local #1701): Have any of the events that happened to Elizabeth Criado also happened to you? As a person with a disability, I know from personal experience they have happened to me. We have found that in many instances, IBM does not seem to be serious about applying the American with Disabilities Act. I might be able to personally help you if you are subjected to such treatment...now or in the past. I have helped many others; other Alliance @ IBM Committee members have also been able to help."


  • Houston Chronicle: Overtime rules may (or may not) apply to you. Excerpt: "The Labor Department issued new regulations Thursday that would give automatic overtime to 1.3 million low-wage managers while taking it away from thousands of high-wage white-collar workers. But trying to determine who exactly is eligible for overtime is difficult under the proposed regulations that were supposed to simplify the decades-old rules." ... "Union leaders, however, see the rule changes more as a way to cut back allowed overtime and less an attempt at modernizing job categories. 'It's a massive give-away for employers at the expense of workers,' said Nick Clark, assistant general counsel of the United Food and Commercial Workers in Washington, D.C." ... "And 'highly compensated' administrative employees who earn $65,000 or more per year would be automatically exempt from overtime. But at the same time, the reclassification will eliminate overtime pay for 640,000 employees including some engineers, bankers and pharmacists, according to a study conducted by an economist hired by the Labor Department."


  • Fast Company: Are We Out of Options? Excerpt: "Too many options went to too few people. Our calculations show that the top five executives at the 1,500 largest U.S. companies got $18.3 billion in stock-option profits in 2000, up more than fivefold from the early 1990s. Over the course of the decade, those executives made a collective $58 billion. Today, CEOs and a thin layer of executives in corporate America own a total of 12 billion options, giving them control over about 11% of all outstanding public shares. They hijacked what could be one of the most important innovations in decades."


  • Reuters: Italian police defuse bomb outside IBM offices.


  • Business Week: A Mainframe-Size Visa Loophole. More companies are using L-1 visas to bring in low-wage foreign info-tech workers -- and replace Americans. Excerpt: "Senior systems analyst Patricia Fluno was shocked when she found out last summer that she and 11 colleagues in the Lake Mary (Fla.) offices of Siemens were being replaced by techies brought in by Tata Consultancy Services, India's largest information-technology (IT) consulting firm. Fluno, 53, couldn't understand how Tata and Siemens could bring Indian workers into the U.S. After all, in 2001, Congress had specifically banned the displacement of U.S. employees by foreigners brought in under the controversial H-1B visa program, which many employers had tapped to fill vacant jobs in the booming 1990s. Congress also had demanded rules requiring employers to pay H-1B workers prevailing U.S. wages -- and Siemens made no bones about the cost-cutting nature of the layoffs. When Fluno asked one of the replacements about his visa during the two months that she trained him to take her job, Fluno says a Siemens manager told her not to ask such 'personal' questions."


  • WKMG Channel 6 (Florida): Special: Where Did The Jobs Go? Excerpts: "Thousands of Americans in the information technology industry have reportedly been replaced by cheap foreign labor since a cap was raised on an immigration program, according to an exclusive Problem Solvers report. Local 6 News reported that two types of visas, the H1-B and L-1 visa programs, allow foreigners to come to the United States for employment and work in specialized fields like computer programming and software engineering. H1-B visas allow U.S. companies, including federal contractors, to hire skilled foreign workers on a temporary basis to supply workers where they cannot find qualified Americans. However, the technology workers, who are mostly from India, are not filling empty jobs but actually replacing qualified Americans, according to the report."


  • eWeek: Outsourcing Debate. Excerpts: "When New Jersey State Sen. Shirley Turner was first inspired to propose legislation banning the outsourcing of IT and other state contracts to overseas companies, she had no clue that bill No. 1349 would incite both heated lobbying by technology groups against it and a wildfire of support from laid-off technology workers. Since its introduction in March 2002, the bill has generated more response than any other piece of legislation introduced by the Democrat from Ewing in her nine-year political career."


  • Seattle Times: India tech firms woo businesses for work. Excerpts: "Seattle is a hot destination for foreign executives on fishing expeditions, but it has nothing to do with salmon. Instead, these visitors hope to land contracts to provide technology services to the global companies headquartered in the Seattle area. They represent software enterprises in India, where Western companies are increasingly farming out their computer work to lower costs. The expeditions seem to have increased since Microsoft Chairman Bill Gates visited India in the fall and announced plans for more software-development work in that country, both at Microsoft's own facilities and through contracts with Indian companies." ... "This year, 60 percent of large companies are expected to selectively outsource software applications, and the number of companies sending technology work to foreign contractors will grow by 50 percent over the next two years, according to Gartner research cited yesterday by Mike Cast, Mastek managing director. Cast joked that the acronym for Chief Information Officer, or CIO, may 'stand for Calling India Over'."


  • Seattle Post-Intelligencer: Like it or not, outsourcing is here -- and hot.
  • Excerpts: "Outside yesterday's meeting, members of the Washington Alliance for Technology, or WashTech, passed out scores of purple fliers decrying Mastek's outsourcing as 'not only shortsighted and greedy but a stab in the back of workers in the Seattle area.' More than 22,000 people have been laid off from Washington high-tech jobs in the past three years, so WashTech's Marcus Courtney, who co-founded the high-tech workers' advocacy group, wondered how outsourcing can be justified. 'It is impossible for Americans to compete with salaries as low as those paid in India,' he said. Those salaries, though often only $20,000 to $30,000, put Indian workers among the top ranks of wage earners. 'If companies just look at their bottom lines, sure, outsourcing makes sense,' Courtney said. 'But that disregards issues like the obligation of a company to its workers and its community.' He said Washington residents even pay for the elimination of their own jobs by giving tax breaks to local companies that then outsource."

  • Wall Street Journal: Delta Moves to Secure Pensions Of Executives, Despite Struggles. Excerpt: "Although the funded status of the regular pension plan eroded, the company took steps to fund the special pensions of its executives, the proxy shows. Ordinarily, special executive retirement benefits are "at risk," meaning that if a company files for bankruptcy-court protection, the executives could lose some or all of the retirement payments. However, noting that 'the business environment presents ongoing risks and creates a significant concern for retention of management personnel,' the proxy discloses that in January 2002 Delta created special individual retirement trusts for 33 executives. During the year, the company deposited into each executive's trust 60% of the amount the executives would need to replace retirement benefits due to them at age 62. The executives will receive 80% of their unsecured benefits by the end of this year and 100% by the end of 2004. In addition, Delta is paying the taxes that the executives incur for receiving the advance payments into the trusts. Mr. Mullin received $4.5 million in advance payments and an additional $3.7 million in tax 'gross-up' payments."


  • Wall Street Journal: Pension Accounting Rules Led To Overvalued Stock, Fed Says. Excerpt: "A study by two Federal Reserve Board staff members concludes that stocks of companies reporting substantial earnings from their pension plans were 'systematically overvalued' in recent years, as a result of accounting rules that make it difficult for investors to distinguish those gains from the earnings generated by companies' core operations. The findings support longstanding criticisms of the Financial Accounting Standards Board's rules for pension-plan accounting. The study's release comes just two weeks after the FASB announced it would explore ways to improve disclosures related to employer pension plans."
"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
This site is designed to allow IBM Employees to communicate and share methods of protecting their rights through the establishment of an IBM Employees Labor Union. Section 8(a)(1) of the National Labor Relations Act states it is a violation for Employers to spy on union gatherings, or pretend to spy. For the purpose of the National Labor Relations Act, notice is given that this site and all of its content, messages, communications, or other content is considered to be a union gathering.