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”—The news you won't see on W3!

Our Friends:

Watching IBM Watching IBM Facebook

Quick Links:

Get involved! Insider trading After IBM Lenovo Employee Discount

Previous highlights:

April 2, 2016 March 26, 2016 March 12, 2016 March 5, 2016 February 27, 2016 February 20, 2016 February 13, 2016 February 6, 2016 January 30, 2016 January 16, 2016 December 26, 2015 December 19, 2015 December 12, 2015 December 5, 2015 November 28, 2015 November 21, 2015 November 14, 2015 November 7, 2015 October 31, 2015 October 24, 2015 October 17, 2015 October 10, 2015 October 3, 2015 September 26, 2015 September 19, 2015 September 12, 2015 August 29, 2015 August 22, 2015 August 15, 2015 August 8, 2015 July 25, 2015 July 25, 2015 July 18, 2015 July 4, 2015 June 27, 2015 June 20, 2015 June 13, 2015 June 6, 2015 May 30, 2015 May 23, 2015 May 16, 2015 May 9, 2015 May 2, 2015 April 25, 2015 April 18, 2015 April 11, 2015 April 4, 2015 March 28, 2015 March 21, 2015 March 14, 2015 March 7, 2015 February 28, 2015 February 21, 2015 February 14, 2015 February 7, 2015 January 31, 2015 January 24, 2015 January 17, 2015 January 10, 2015 January 3, 2015 December 27, 2014 December 20, 2014 December 13, 2014 December 6, 2014 November 29, 2014 November 22, 2014 November 15, 2014 November 8, 2014 November 1, 2014 October 25, 2014 October 18, 2014 October 11, 2014 October 4, 2014 September 27, 2014 September 13, 2014 September 6, 2014 August 30, 2014 August 23, 2014 August 16, 2014 August 9, 2014 August 2, 2014 July 26, 2014 July 19, 2014 July 12, 2014 July 5, 2014 June 28, 2014 June 21, 2014 June 14, 2014 June 7, 2014 May 31, 2014 May 24, 2014 May 17, 2014 May 10, 2014 May 3, 2014 April 26, 2014 April 19, 2014 April 12, 2014 April 5, 2014 March 29, 2014 March 22, 2014 March 15, 2014 March 8, 2014 March 1, 2014 February 22, 2014 February 15, 2014 February 8, 2014 February 1, 2014 January 25, 2014 January 18, 2014 January 11, 2014 January 4, 2014 December 28, 2013 December 21, 2013 December 14, 2013 December 7, 2013 November 30, 2013 November 23, 2013 November 16, 2013 November 9, 2013 November 2, 2013 October 26, 2013 October 19, 2013 October 12, 2013 October 5, 2013 September 28, 2013 September 21, 2013 September 14, 2013 September 7, 2013 August 31, 2013 August 24, 2013 August 17, 2013 August 10, 2013 August 3, 2013 July 27, 2013 July 20, 2013 July 13, 2013 July 6, 2013 June 29, 2013 June 22, 2013 June 15, 2013 June 8, 2013 June 1, 2013 May 25, 2013 May 18, 2013 May 11, 2013 May 4, 2013 April 27, 2013 April 20, 2013 April 13, 2013 April 6, 2013 March 30, 2013 March 23, 2013 March 16, 2013 March 9, 2013 March 2, 2013 February 23, 2013 February 16, 2013 February 9, 2013 February 2, 2013 January 26, 2013 January 19, 2013 January 12, 2013 January 5, 2013 December 29, 2012 December 22, 2012 December 15, 2012 December 8, 2012 December 1, 2012 November 24, 2012 November 17, 2012 November 10, 2012 November 3, 2012 October 27, 2012 October 20, 2012 October 13, 2012 October 6, 2012 September 29, 2012 September 22, 2012 September 15, 2012 September 8, 2012 September 1, 2012 August 25, 2012 August 18, 2012 August 11, 2012 August 4, 2012 July 28, 2012 July 21, 2012 July 14, 2012 July 7, 2012 June 30, 2012 June 23, 2012 June 16, 2012 June 9, 2012 June 2, 2012 May 26, 2012 May 19, 2012 May 12, 2012 May 5, 2012 April 28, 2012 April 21, 2012 April 14, 2012 April 7, 2012 March 31, 2012 March 24, 2012 March 17, 2012 March 10, 2012 March 3, 2012 February 25, 2012 February 18, 2012 February 11, 2012 February 4, 2012 January 28, 2012 January 21, 2012 January 14, 2012 January 7, 2012 December 31, 2011 December 24, 2011 December 17, 2011 December 10, 2011 December 3, 2011 November 26, 2011 November 19, 2011 November 12, 2011 November 5, 2011 October 29, 2011 October 22, 2011 October 15, 2011 October 8, 2011 October 1, 2011 September 24, 2011 September 17, 2011 September 10, 2011 September 3, 2011 August 27, 2011 August 20, 2011 August 13, 2011 August 6, 2011 July 30, 2011 July 23, 2011 July 16, 2011 July 9, 2011 July 2, 2011 June 25, 2011 June 18, 2011 June 11, 2011 June 4, 2011 May 28, 2011 May 21, 2011 May 14, 2011 May 7, 2011 April 30, 2011 April 23, 2011 April 16, 2011 April 9, 2011 April 2, 2011 March 26, 2011 March 19, 2011 March 12, 2011 March 5, 2011 February 26, 2011 February 19, 2011 February 12, 2011 February 5, 2011 January 29, 2011 January 22, 2011 January 15, 2011 January 8, 2011 January 1, 2011 December 25, 2010 December 18, 2010 December 11, 2010 December 4, 2010 November 27, 2010 November 20, 2010 November 13, 2010 November 6, 2010 October 30, 2010 October 23, 2010 October 16, 2010 October 9, 2010 October 2, 2010 September 25, 2010 September 18, 2010 September 11, 2010 September 4, 2010 August 28, 2010 August 21, 2010 August 14, 2010 August 7, 2010 July 31, 2010 July 24, 2010 July 17, 2010 July 10, 2010 July 3, 2010 June 26, 2010 June 19, 2010 June 12, 2010 June 5, 2010 May 29, 2010 May 22, 2010 May 15, 2010 May 8, 2010 May 1, 2010 April 24, 2010 April 17, 2010 April 10, 2010 April 3, 2010 March 27, 2010 March 20, 2010 March 13, 2010 March 6, 2010 February 27, 2010 February 20, 2010 February 13, 2010 February 6, 2010 January 30, 2010 January 23, 2010 January 16, 2010 January 9, 2010 January 2, 2010 December 26, 2009 December 19, 2009 December 12, 2009 December 5, 2009 November 28, 2009 November 21, 2009 November 14, 2009 November 7, 2009 October 31, 2009 October 24, 2009 October 17, 2009 October 10, 2009 October 3, 2009 September 26, 2009 September 19, 2009 September 12, 2009 September 5, 2009 August 29, 2009 August 22, 2009 August 15, 2009 August 8, 2009 August 1, 2009 July 25, 2009 July 18, 2009 July 11, 2009 July 4, 2009 June 27, 2009 June 20, 2009 June 13, 2009 June 6, 2009 May 30, 2009 May 23, 2009 May 16, 2009 May 9, 2009 May 2, 2009 April 25, 2009 April 18, 2009 April 11, 2009 April 4, 2009 March 28, 2009 March 21, 2009 March 14, 2009 March 7, 2009 February 28, 2009 February 21, 2009 February 14, 2009 February 7, 2009 January 31, 2009 January 24, 2009 January 17, 2009 January 10, 2009 January 03, 2009 December 27, 2008 December 20, 2008 December 13, 2008 December 6, 2008 November 29, 2008 November 22, 2008 November 15, 2008 November 8, 2008 November 1, 2008 October 25, 2008 October 18, 2008 October 11, 2008 October 4, 2008 September 27, 2008 September 20, 2008 September 13, 2008 September 6, 2008 August 30, 2008 August 23, 2008 August 16, 2008 August 9, 2008 August 2, 2008 July 26, 2008 July 19, 2008 July 12, 2008 July 5, 2008 June 28, 2008 June 21, 2008 June 14, 2008 June 7, 2008 May 31, 2008 May 24, 2008 May 17, 2008 May 10, 2008 2008 Stock Meeting April 26, 2008 April 19, 2008 April 12, 2008 April 5, 2008 March 29, 2008 March 22, 2008 March 15, 2008 March 8, 2008 March 1, 2008 February 16, 2008 February 9, 2008 February 2, 2008 January 26, 2008 January 19, 2008 January 12, 2008 January 5, 2008 December 29, 2007 December 22, 2007 December 15, 2007 December 8, 2007 December 1, 2007 November 24, 2007 November 17, 2007 November 10, 2007 November 3, 2007 October 27, 2007 October 20, 2007 October 13, 2007 October 6, 2007 September 29, 2007 September 22, 2007 September 15, 2007 September 8, 2007 September 1, 2007 August 25, 2007 August 18, 2007 August 11, 2007 August 4, 2007 July 28, 2007 July 21, 2007 July 14, 2007 July 7, 2007 June 30, 2007 June 23, 2007 June 16, 2007 June 9, 2007 June 2, 2007 May 26, 2007 May 19, 2007 May 12, 2007 May 5, 2007 2007 Stock Meeting 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

Highlights—January 2, 2010

  • Hudson Valley Times Record-Herald: Big Blue to cut jobs to save big green. IBM's 'work-force rebalancing' will trim $400M. By George Spohr. Excerpts: IBM plans to trim $300 million to $400 million from its payroll in 2010 -- the same amount it cut last year, when more than 9,000 of its U.S. workers lost their jobs. Through layoffs, attrition, retirements and firings, IBM eliminated more than 1,000 positions in Dutchess and Orange counties in 2009. That brought the company's mid-Hudson payroll to below 10,000 workers for the first time in a decade. The company refers to the shifting of its payroll as "workforce rebalancing."

    In a conference call last January, CFO Mark Loughridge said the company expected that shift to save IBM $300 million to $400 million in 2009. For IBM, that's "kind of the normal range that we run every year," Loughridge said, with 2010 being no exception. ...

    Citing company policy, Shelton would not elaborate on where and when layoffs might occur. But if history repeats itself, job cuts are likely to begin in January. The longer the company waits to eliminate positions, the less time it has to recoup its payroll savings, and the more positions need to be eliminated. ...

    Lee Conrad, national coordinator of Alliance@IBM, an employee union, said there's nothing new about IBM's strategy. "The Alliance believes that cost cutting and job cuts will continue in 2010 as IBM moves U.S. work offshore," Conrad said.

  • ThisIsHampshire.net (United Kingdom): MPs back challenge to IBM pension plan. By Matt Smith. Excerpts: Four south Hampshire MPs have backed a Commons motion challenging IBM on its retirement plans. Nearly 100 MPs from all parties have now signed up to the parliamentary motion calling on the US technology giant to protect the pension benefits of its employees. They include the Eastleigh MP Chris Huhne, Romsey MP Sandra Gidley, Winchester MP Mark Oaten, and Gosport MP Peter Viggers. It comes after mounting concern by IBM employees at Hursley.

    IBM, which employs about 6,000 people in Hampshire at its UK research base at Hursley and its UK headquarters in Portsmouth, has provoked unprecedented internal strife over its plans to close the final salary pension scheme and alter the terms of its early retirement plan, despite posted record profits in 2008. IBM, which employs about 6,000 people in Hampshire at its UK research base at Hursley and its UK headquarters in Portsmouth, has provoked unprecedented internal strife over its plans to close the final salary pension scheme and alter the terms of its early retirement plan, despite posted record profits in 2008. The Unite union claims hundreds of angry IBM workers have been joining up in readiness to fight the proposals, which they say will have "a devastating effect" on future pensions. It calculates that people in their mid-50s could typically lose up to £200,000. ...

    IBM says the actions it is taking will enable it to maintain competitiveness in the marketplace.

  • Washington Post: Aughts were a lost decade for U.S. economy, workers. By Neil Irwin. Excerpts: For most of the past 70 years, the U.S. economy has grown at a steady clip, generating perpetually higher incomes and wealth for American households. But since 2000, the story is starkly different. The past decade was the worst for the U.S. economy in modern times, a sharp reversal from a long period of prosperity that is leading economists and policymakers to fundamentally rethink the underpinnings of the nation's growth.

    It was, according to a wide range of data, a lost decade for American workers. The decade began in a moment of triumphalism -- there was a current of thought among economists in 1999 that recessions were a thing of the past. By the end, there were two, bookends to a debt-driven expansion that was neither robust nor sustainable.

    There has been zero net job creation since December 1999. No previous decade going back to the 1940s had job growth of less than 20 percent. Economic output rose at its slowest rate of any decade since the 1930s as well.

    Middle-income households made less in 2008, when adjusted for inflation, than they did in 1999 -- and the number is sure to have declined further during a difficult 2009. The Aughts were the first decade of falling median incomes since figures were first compiled in the 1960s. ...

    "This was the first business cycle where a working-age household ended up worse at the end of it than the beginning, and this in spite of substantial growth in productivity, which should have been able to improve everyone's well-being," said Lawrence Mishel, president of the Economic Policy Institute, a liberal think tank. ...

    But beyond these dramatic ups and downs lies an even more sobering reality: long-term economic stagnation. The trillions of dollars that poured into housing investment and consumer spending in the first part of the decade distorted economic activity. Capital was funneled to build mini-mansions in Sun Belt suburbs, many of which now sit empty, rather than toward industrial machines or other business investment that might generate economic output and jobs for years to come.

  • Glassdoor.com: Best Places to Work (2010). Excerpt: Glassdoor.com is excited to announce our second annual Employees' Choice Awards for Best Places to Work. Our Top 50 winners were selected by the people who know these companies best — their employees!

    Editor's note: IBM did not make the top 50. However, Glassdoor does have information about IBM that may be of interest, including:

  • Financial Times: India mines riches as west’s back office. By James Lamont. Excerpts: The private sector business park is one of the most potent symbols of the transformative power of a single sector of Asia’s third largest economy: information technology outsourcing. Proficiency in the English language, technical skills and low cost helped Indian companies over the past decade plug into the global economy and earn a reputation as the “world’s back office”. Big western companies, particularly in the US, turned to Indian service providers – such as Infosys, Wipro, Genpact and Tata Consultancy Services – to support IT systems, supply back office business processing and staff call centres.

    The “new economy” prospered on little more than some computers, telephone lines and entrepreneurial spirit in the 1990s. But today India has about 50 per cent of the global market for offshore IT and business services. US companies such as IBM, Dell, Accenture and JPMorgan now employ thousands of professionals in India.

    India’s outsourcing revenues are close to $60bn a year. In 1998 they were just $4bn. The sector employs about 1.6m people, many of them English-speaking graduates. With India expected to maintain its edge, these numbers are forecast to double over the next five years.

    The appeal of Indian outsourcing to big global corporations also represented a significant shift of economic power from the US to India. Outsourcing’s stellar performance helped the Indian economy to break with decades of 4 per cent growth and reach 9 per cent, a feat that has allowed it to be identified, along with China, as a “pole of growth”. It also put Indian executives in the same boardroom as their US and European counterparts, and launched a wave of young people to study and work on the US west coast. ...

    India’s abundant human capital is moving up the value chain. Promising new areas include research and development capabilities in biotech and pharmaceuticals, computer software and electronics, and the auto and aerospace industries.

    Business processing is set to overtake IT outsourcing in terms of revenue as Indian vendors diversify into services such as human resources, payroll management and legal services. Moreover, leading Indian outsourcing companies are themselves opening operations in other countries, such as China, the Philippines and the US. Som Mittal, president of Nasscom, India’s outsourcing industry association, predicts a return to double-digit growth for the industry next year, after a dip this year, and sees no trend of US companies pulling back outsourcing activities. ...

    He foresees Indian business laying claim to a rather larger slice of the US in the coming years, in attitude and social mobility as much as business revenues.“This Indian industry has carved out a route to the American dream for our workers,” he says.

New on the Alliance@IBM Site
Minimize
  • Job Cut Reports
    • Comment 12/31/09: STG Timeline Layoffs coming: 1. Some STG employees needed to get their PBC results done by 1st week of December. 2. STG RAd list was finalized that last week of November. 3. Some STG were told on the 2nd week of December that their jobs will be moving to China. 15 minute meeting. 4. Some STG employees are getting emails for one-on-one 1st week of January for their PBC assessment year results (PBC grade). 5. STG will have the final list in place for layoffs for January 2010. *Note: Good luck for those having One-on-Ones the first week on January for their PBC result grade. -OneOfThem-
    • Comment 12/31/09: I don’t know what’s taking IT professionals so long to see the light. Other professionals learned a long time ago – ask Sully Sullenberger or any other pilot for that matter. Sully is a national hero not only for saving lives on the Hudson but he’s also a champion for the pilots’ union/labor – he testified at House Aviation committee about older experienced pilots, protecting pensions, training, pay, etc. Pilot contracts aren’t immune from benefit & pay issues – but they don’t get fired without cause w/30 day notice either – recession or no recession. And, airline industry is much more competitive than IT industry!!! I don’t know about you – but I’d rather pay a higher fare & fly with 59 yr old Sully as Captain than with a pilot half his age, half his experience & half his pay. I bet lot of IT customers think the same way about their investments. -annonymous-
    • Comment 12/31/09: Job cuts in Dallas at Diplomat location started yesterday. Some managers even called employees on Christmas Eve to bring them in for meetings (but most were out of town). We were told more to come next week. -anonymous- Alliance reply: If you have any emails or documentation on management in Dallas calling people on Christmas Eve, please send to ibmunionalliance@gmail.com
  • General Visitor's Comment page
    • Comment 12/30/09: Congrats to all IBMers who survived all of 2009 as an employee. Enjoy your growth driven pay come March payment. Hopefully it is something. Please remember those 10,425 folks RA'ed (most were not PBC 3's) that will get zip growth driven payment for their contributions in 2009 and took the fall so the IBM greed machine run by pig executives can turn a profit with declining revenues. IBM doesn't pro-rate growth driven pay but says that the RA package"compensates" for not being eligible for the growth driven pay. (GDP) program. Cruel and cold spin by IBM. -never4get-
    • Comment 12/30/09: Happy Holidays to all from Africa!.. I fired IBM when I hit 55 this year (under the old plan) and Joined Peace Corps. Like many of you, I lived in fear of the next RA - worked through most of each year's "vacation" - and prioritized IBM over important relationships with loved ones. While looking back I regret some of my choices, I also have fond memories of many good people I have worked with at IBM. I wish you all the best for the upcoming year - and while it seems clear our once great IBM has lost its way, I'm hoping that you don't lose yours. Good luck. -I-Fired-IBM-
    • Comment 12/31/09: From an older " Attitude" case to all you new ones. May yourselves and your families have health and happiness throughout the new year. Keep fighting the good fight. Management used to say " If assholes could fly this place would be an airbase and he would be Wing Commander". We need more Wing Commanders. We need to fill the sky everywhere Management looks with employees demanding a contract. Keep it professional. Keep it legal. But keep up the pressure in the new year. Nothing would be greater then dropping a weapon of mass protection on the Ivory Towers of IBM. An organized workforce. Do not delude yourselves. We are at WAR. Be just as proud of joining the Alliance as you would be joining MENSA. They are both the intelligent decision. -Exodus2007-
    • Comment 1/02/10: What are the real reasons that IBM RAs and eliminates USA workers and transfer their jobs to the BRIC's? The USA politicians and executives are saying the reasons are because the USA corporate tax levies are too high for companies and corporations to continue to do business in the USA with the global economy. This is not the real reason. Yet most of you buy into it. The real reason is corporate greed. The USA has been giving out liberal tax provisions and tax breaks (corporate tax reductions, PILOTs, tax rebatement, property reassessments, economic development zoning, etc.) to companies and corporations, yet corporations like IBM continue to export USA jobs to reap even more record profits and feed their greed machine.

      About IBM saying they need to RA workers to continually rebalance their workforce since IBM is a global company competing in the global economy. Well this IBM is trying to sell everyone on this statement. IBM has always been a global company and always was in the global economy, but until Gerstner and now with Palmisano, they pit IBM countries against each other instead of having them work autonomously as the Watsons had done.

      IBM under the Watsons did business all over the free world where it could. It didn't just do business in the countries it could make the most or biggest profits in. Now IBM favors the cheapest economic markets without regard to anything else. Why does IBM prefer to ramp up business in the cheapest economic environments? For GREED's sake to make the current IBM executives way reach beyond their dreams at the expense of the poor, exploited, overworked, and abused employees. -da_facts-

  • Pension Comments page
    • Comment 1/01/10: "...Plan's current interest crediting rate 1.4% for 2010...". Well, the interest crediting rate was 2.6% for 2009. I thought the economy was recovering (that's what they are saying) so why is the rate down so much? Nice to know this cash balance pittance is nothing more than a cheap as %$#@ savings account masquerading as a pension plan. Does that mean for 2011 it could be 0.0%? We're all gonna be screwed come retirement. We can take that to the bank. -PPA'ed-
    • Comment 1/03/10: -PPA'ed- And you expected fair treatment and a fair pension without a union negotiated contract why?? Because your manager told you it was fair and a good thing for all? Just curious why you would expect a cost savings measure taken by IBM to not be funded by you losing something? The cash balance plan was just that, A cost savings measure. IBM saved a bundle. It cost you a secure retirement. That's fair isn't it? Had enough? Join the Alliance and Organize your co workers. Or don't join but get all your co workers to join. That works too. Do nothing and that 0 percent could easily become reality. It almost is. -Exodus2007-
  • Raise and Salary Comments IBM CEO Sam Palmisano: "I am pleased to announce that we will not only be paying bonuses to IBMers worldwide, based on individual performance, but that they'll be funded from a pool of money nearly the same size as last year's. That's significant in this economy -- and especially so, given the size of the 2007 pool. Further, our salary increase plan will continue, covering about 60 percent of our workforce. As always, increases will go to our highest performers and contributors. We should all feel good about the company's ability to invest in people in these very concrete ways."
    • Comment 1/02/10: I have 8 years of experience in System Administration. Which Band Level can I expect if I join IBM India. What would be the salary package range ? Can I get 12 Lacs per annum (INR)? -Curious R2I-
  • PBC Comments
  • International Comments
News and Opinion Concerning Health Savings Accounts, Medical Costs and Health Care Reform
Minimize
  • National Union of Public and General Employees: Medical bills cause 62.1% of all U.S. bankruptcies. Excerpts: 'Our findings are frightening. Unless you're Warren Buffett, your family is just one serious illness away from bankruptcy.' - Harvard's Dr. David Himmelstein.

    Medical bills cause 62.1% of U.S. personal bankruptcies, up from 46.2% in the space of just six years and nearly eight times the level recorded in 1981, U.S. researchers reported Thursday. More than 75% of bankrupt families had some form of health insurance but were still overwhelmed by medical debts, according to a team of experts from Harvard Law School, Harvard Medical School and Ohio University. The findings are reported in the American Journal of Medicine. ...

    As recently as 1981 - the year Ronald Reagan became president and launched a new era of government deregulation and free-market profiteering in health care - the level of medically-caused bankruptcies among U.S. families was just 8%.

    "For middle-class Americans, (private) health insurance offers little protection. Since then, the number of un- and under-insured Americans has grown; health care costs have increased and Congress (has) tightened the bankruptcy laws," the study notes. ...

    The vast majority of Americans - 170 million people - rely on private health care provided by employers but many have been clamping down on coverage for years and the trend has accelerated during the current recession. Many companies have gone bankrupt themselves and others are either cutting or dropping medical insurance for workers altogether.

    "Nationally, a quarter of firms cancel coverage immediately when an employee suffers a disabling illness; another quarter do so within a year," the report reads. ...

    Most medically bankrupt families identified in the study were middle class before their financial setbacks; 60.3% had attended college, 66.4% had owned a home and 20% of the families affected included a military veteran or active duty soldier. ...

    Most had some private health insurance but it was not enough to protect them. Only 0.3% of Americans without medical coverage of any kind were in that situation voluntarily. ...

    "For middle-class Americans, (private) health insurance offers little protection," says Himmelstein. "Most of us have policies with so many loopholes, co-payments and deductibles that illness can put you in the poorhouse. And even the best job based health insurance often vanishes when prolonged illness causes job loss - precisely when families need it most. Private health insurance is a defective product, akin to an umbrella that melts in the rain."

News and Opinion Concerning the U.S. Financial Crisis
Minimize "It is a restatement of laissez-faire-let things take their natural course without government interference. If people manage to become prosperous, good. If they starve, or have no place to live, or no money to pay medical bills, they have only themselves to blame; it is not the responsibility of society. We mustn't make people dependent on government- it is bad for them, the argument goes. Better hunger than dependency, better sickness than dependency."

"But dependency on government has never been bad for the rich. The pretense of the laissez-faire people is that only the poor are dependent on government, while the rich take care of themselves. This argument manages to ignore all of modern history, which shows a consistent record of laissez-faire for the poor, but enormous government intervention for the rich." From Economic Justice: The American Class System, from the book Declarations of Independence by Howard Zinn.

  • Forbes: Wal-Mart 401(k) Pays Retail. By Stephane Fitch. Excerpts: Wal-Mart is famous for squeezing suppliers. But in a telling sign of what's wrong with many 401(k) plans, it took a lawsuit to make it equally exacting with its employees' retirement savings.

    Wal-Mart stores sells 140 different kiddie car seats, 110 TV models and 220 types of plus-size bras, all at the "everyday low prices" that have made it a retail colossus. How strange, then, that in a world of 8,000 mutual funds, for the 1.2 million participants of what is the world's most populous 401(k) plan, Wal-Mart assembled a measly selection of ten funds--most of them at everyday high retail prices.

    That included two low-cost equity index funds and just one bond fund. Among the eight actively managed offerings, fees were discounted nary a penny from what a lone individual with no buying power would pay. It was as if the greatest retailer in history had consigned its employees to shop for retirement services in a Soviet department store. ...

    Throughout its decade-long tenure, Wal-Mart's $10 billion (assets) plan has been run by Merrill Lynch, which is known more for its "thundering herd" of full-service securities salesmen than for low prices. But the Bentonville, Ark. company is the fiercest discounter known to man, and its senior executives certainly know how to drive a bargain. After all, these are guys who, for their own retirement accounts, negotiated hefty guaranteed returns.

    Jeremy Braden, a Wal-Mart store employee in Ozark, Mo., alleges in a class action filed in March 2008 that by failing to demand institutional rates for the 401(k) funds, or to disclose details of revenue-sharing deals between Merrill and eight outside firms with funds on the plan's menu, Wal-Mart breached its fiduciary duty under the Employee Retirement Income Security Act. That breach cost him and his fellow employees $140 million in excess 401(k) fees in the six years through 2007, Braden's suit claims.

    "Merrill Lynch, with Wal-Mart's blessing, was choosing mutual funds based on payments that the funds would make to Merrill Lynch," says Braden attorney Derek Loeser of Keller Rohrback in Seattle, Wash. "This explains the anomaly of a $10 billion plan ending up with off-the-shelf retail funds that just so happen to share revenue." ...

    Wal-Mart has never explained how its 401(k)'s funds were picked. In fact, it signed a nondisclosure agreement with Merrill Lynch, preventing it from revealing details about revenue-sharing deals. Merrill, which is not named in the suit, declines comment. Braden's attorneys suspect that outside mutual funds not only rebated to Merrill portions of asset management fees but also tens of millions of dollars in flat fees that could create additional undisclosed conflicts of interest. Their suspicions surround a Merrill program set up a dozen years ago called GoalManager.

If you hire good people and treat them well, they will try to do a good job. They will stimulate one another by their vigor and example. They will set a fast pace for themselves. Then if they are well led and occasionally inspired, if they understand what the company is trying to do and know they will share in its sucess, they will contribute in a major way. The customer will get the superior service he is looking for. The result is profit to customers, employees, and to stcckholders. —Thomas J. Watson, Jr., from A Business and Its Beliefs: The Ideas That Helped Build IBM.

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.