IBM's stock is down 13% over the past year, while the S&P 500 (SPX) is up 19% in the same period. Over the previous four years, IBM had been outperforming the S&P 500, rising 126% to the benchmark index's 97%.
IBM made a pledge to investors in the guise of a roadmap: generate $20 in earnings per share by 2015. It's an impressive goal, especially when you consider that the company's EPS in 2002 was only $1.81 a share. IBM has set out similar goals -- an earlier roadmap vowed $10 EPS by 2010 and reached that figure a year early.
But this time some are wondering how the company will get there. Including IBM. In the company's annual report released this week, Rometty wrote in a letter to shareholders that "our performance did not meet our expectations" as revenue and operating income both declined in 2013. Yet IBM is determined to reach that $20 EPS goal in any way it can. ...
Given all these moving pieces, it would be understandable if IBM didn't meet its $20 EPS target by 2015. One of the more powerful levers it has is buybacks, which have reduced its shares outstanding to 1 billion from 2.3 billion over the past 20 years. The $15 billion the company added to its buyback arsenal late last year will surely help prop up the earnings-per-share figure by shrinking the denominator.
Increasingly, some are suggesting that it's the numerator in the EPS figure that needs attention, especially as long as revenue is declining. The company has $11 billion in cash on hand that could be better directed at shrewd purchases of small but promising big data, cloud, and AI companies. One prominent short-seller is suggesting IBM's heavy buybacks could be a sign of weakness.
Layoffs, buybacks, and selling off weak divisions are necessary moves for a company trying to stay ahead in a competitive arena like enterprise IT. But they only take you so far. If you're in tech and investors aren't seeing growth, they'll take it out of the stock price. As important as EPS is to investors, it's not as important as the simple price that the market is paying for a stock.
Although IBM produces strong cash flow and above-average return on equity, the stock has lost roughly 20% of its value in the past nine months. Investors have demanded better. Recently, CEO Ginni Rometty insisted that the company is not exiting hardware. Yet this affirmation comes on the heels of IBM's decision to sell the x86 computer server business to Lenovo.
Sure, IBM did well in the deal, which secured $2.3 billion. I will credit Rometty for successfully monetizing a business the company no longer cared to pursue. But cash has never been the issue for this company. The problem has been growth. And the server business was a strong profit producer.
The Street has applauded the decision. But that's only because it comes with 25% reduction in IBM's workforce, most of which will be shed from the company's hardware division. When has that ever been good news? The company called it "rebalancing its workforce" so that it can better focus on its new priorities including analytics, cloud and cognitive computing. ...
For now, the company believes it is adding profits by subtracting assets from the workforce and server business. But how much growth will $2.2 billion buy? Management hasn't said. It seems Watson didn't do the math.
The agreement allowed Cuomo to take credit for saving 3,100 IBM jobs in the state, including 750 semiconductor jobs from Yorktown Heights to Albany not covered by a previous deal.
The announcement came the same week that IBM was expected to make hundreds of job cuts in the Hudson Valley. As it turns out, the deal appears to have saved New York high-tech jobs as IBM spared the region while laying off thousands of workers in other states. ...
A copy of the June 2013 agreement says, however, that the 750 semiconductor jobs do not have to be IBM jobs, but can be those of “partners or contractors,” which also raises questions whether or not the administration overplayed the importance of the agreement to the future of IBM jobs in New York.
With no bonus, Rometty’s 2013 pay, calculated using U.S. Securities and Exchange Commission rules, fell 14 percent from a year earlier to $14 million. On the recommendation of the board’s compensation committee, IBM’s independent directors approved a long-term incentive plan for Rometty of $12.75 million in performance-based stock awards for the period ending in 2016.
“The committee believes Mrs. Rometty performed well in shifting investments into key segments of the portfolio and advancing innovative solutions, creating a strong foundation for transformation in 2014,” the company said.
Selected reader comments follow:
And all IBM employees got fiscally screwed last year by the 2013 change in IBM's 401k contribution policy as they only received their entitled company contribution as an annual lump-sum after one of the greatest years for equity investing. Meanwhile anyone who quit prior to December 15th is even worse off as they received nothing. Even AOL was smart enough to backtrack on implementing a similar 401k policy!
Their decision to leave came after IBM fired as many as 20 workers who had objected to the terms of their transfer from the US tech group to the Chinese computer company. Last week, more than 1,000 workers from the IBM factory in Shenzhen went on strike over the deal, which was announced in January.
IBM had told the workers, who build the company’s x86 servers, that they could continue to work on their current terms after Lenovo took over the factory, or accept a severance package.
However, the workers demanded to be paid more under both scenarios and organised their own industrial action, after they complained that the official All China Federation of Trade Unions had failed to protect their interests.
But on Tuesday, Duan Yi, a prominent Chinese labour lawyer, said he had been contacted by workers at the factory and most had accepted IBM’s offer to leave. ...
“IBM was really too strong and the Shenzhen ACFTU was useless,” Mr Xi said. “I don’t want to work here any more. So many security cameras have been installed in the factory. There weren’t any before.”
Available here, the least-brochure-like bits are to be found in the A Letter from the Chairman (PDF) Virginia Rometty, who offers the insight that plenty of organisations are choking on data. To clear their airways, different infrastructure, hybrid cloud and cunning analytics will be needed.
Rometty claims IBM has “built the world’s broadest and deepest capabilities in Big Data and analytics—both technology and expertise.” Big Blue apparently has 15,000 people in the field, including 400 mathematicians, and is now directing two thirds of its research effort towards analytics. ...
The letter also points out that IBM continues to do well financially, continuing an eleven-year run of growth in earnings-per-share even if pre-tax income dipped by eight per cent. The big bet on big data is expected to turn that last item around, before big trouble brews.
Yet Lenovo has said that it will keep the same salaries and benefits in place for Big Blue employees moving across.
More than a thousand workers went on strike last week in Shenzhen to protest over the terms of the deal with Lenovo, which is slurping Big Blue's server division for $2.3bn.
But the Chinese firm said that the 7,500 or so employees across 60 countries who come as part of the deal didn't need to worry. ...
Since the deal hasn't actually been finalised yet as the companies are waiting on government and regulatory approval however, Lenovo said that IBM needed to deal with the strike. The protesting staff are worried about their pay under new management and about their severance package if they decide they don't want to work for Lenovo.
"There is nothing to be afraid of. We shall see who will win in the end," said a 25-year-old striker. "The company keeps bluffing about us violating company rules, but the staff at the labor authority told us that a collective 'work stoppage' is in no way against any law in China."
Workers gather in an organized formation and march through the company compound every now and then, playing gongs and drums and chanting: "IBM is a sweatshop, IBM give me respect, IBM give my youth back!" ...
Workers are demanding IBM to pay their average monthly salary multiplied by double their number of years of service, plus one month’s salary, as well as extra compensation for the pregnant female workers and recent mothers.
"Now you can hear the company propaganda saying that ten workers have been sacked for not coming to work and staging strikes," said a higher level employer. "The company will definitely lose in court, we will continue the strike and we will get our share."
Pros: Opportunity to work mobile and a good place to jump start your career as a recent graduate as well as being an intern. While the culture has drastically changed, you can learn from the experts, take advantage of advancing your education and skill set. Your work environment is contingent on the organization/business unit, and that can range from a dynamic and innovative space to highly dysfunctional. If you are truly seeking innovation, then look elsewhere; this would not represent a good match. This is a company where 5 years should be the max to stay. Compensation is decent and benefits are standard.
Cons: IBM is not a stable environment as workplace rebalancing and reorganization is a constant. First and 2nd line management are not equipped or versed in leading their teams. Executive management is focused not on the customer base, not on talent and skill retention but on Wall Street.
Advice to Senior Management: There is a lot of new talent leaving and it's time for the company to transform itself into a true leader.
Pros: Company has good benefits and allows you to easily change job roles if another role interests you. Terrific access to above region experts, SMEs, solution evangelists
Cons: Cost cutting measures over the years have almost eliminated sales support staff, increasing non-revenue producing activity. Also, severe cuts to technical and services roles delays sellers ability to act quickly in a sales process. Extreme pressure to meet 2015 plan to reach double-digit profits has driven down morale across the board. Management layer still too heavy and non-revenue producing. Company needs to keep boots on the street who generate revenue for the company
Advice to Senior Management: IBM has cut to the bone and if it continues, it will continue to prevent top line growth.
Pros: Work/life integration is fair to most employees. Vacation and paid time off is very liberal.
Cons: One month short of 30 year anniversary they lay me off. Nice. Nothing like targeting the employees that have stuck in there through thick and thin. My advice: don't waste your time at IBM. In 10 years they will be in the same column with Kodak and EDS.
Advice to Senior Management: Dump your stock options and go back to respecting your employees.
Pros: Good people at the working level struggling to develop products and do the right thing for the customer and the future of the company.
Cons: Company leadership interested in next week's sales numbers above all else. Employees, business partners and even customers are far from their interests. As a result, the work environment has become very toxic to unique thought and people focused on the customer versus revenue.
Advice to Senior Management: Think about what IBM uniquely brings to the customer rather than relying on the innovations of hundreds of business partners.
Pros: Large, well-recognized company. Vast breadth of experience and opportunity. Work from home. Work/life balance (not true for everyone).
Advice to Senior Management: Abandon Roadmap 2015. The market may punish you slightly at first, but it can be positioned as "doing what's best for the long-term health of the company." Take the $15b in stock buybacks and invest in employees, and products, but most importantly, invest in driving top-line revenue.
Analysts are starting to accept that increasing EPS against failing revenue isn't the best indicator of company health, and the sacrifices required to make $20 by the end of 2015 could seriously jeopardize the long-term ability of the company.
Pros: The really good people you get to work with great, true leaders within the industry and really know how to run a good shop or project. Natural leaders are given a long rope, even when they are front line non-managers. There are some good and fun projects to work on if you can get attached to them but there are fewer and fewer of them in the US.
Cons: There is a significant population of people not pulling their weight, often hiding behind the work-at-home smokescreen. There is no such thing as life balance if you have any pride in your work with 60-hour work weeks the norm. Cost cutting has gotten to the point of foolishness. Company has no long term goals.
Advice to Senior Management: Management has no clue what our customers think. Customers ask where is IBM headed? Morale is at a new low with recent layoffs. How can you be IT company if you fire all the field technical folks?
Pros: Very stable and successful company; decent benefits, effective management, solid products, strong software and services businesses. Strong research division, which does most of the internal innovation like the Watson project.
Cons: Easy to get lost amid over 400,000 employees and many divisions and product lines. Political infighting between competing organizations can ruin your day. Opportunities for innovative work are limited, as the company innovates mainly by acquiring smaller, more innovation companies, rather than innovating internally (other than in IBM research centers). Hardware business is struggling currently, but that could change.
Advice to Senior Management: Continue the push for more professional development for all employees. Consider more employee-friendly gestures like providing coffee, organizing local social events to build a sense of family and shared direction.
Pros: Change/adjust career within the company—opportunities across many areas. Strong company values. Education and training available.
Cons: Many short notice changes. Short term management plans gives sense of last minute out of control decisions. Compensation has dropped relative to other companies.
Advice to Senior Management: Try to take a longer term view than this quarter.
Pros: Flexible work environment, from an hours choice perspective, but many hours are expected. Well known organization that has done many great things in the past.
Cons: Not enough focus on the people. Too many inefficiencies in the process, including middle management processes. Cost pressures focus on the consultants, the client-facing people, when a good look at management really should be undertaken.
Advice to Senior Management: Pay attention to the people...employees and customers. Yes, financial results are important, but you won't have those if you allow the people to fall by the wayside.
Pros: You have a chance to work with some very talented people and decent technology. Exposure to new industry trends is helpful.
Cons: Job security does not exist. IBM is in serious decline and is a shadow of its former self. Sad to see a great American success story go so far down. US jobs are particularly in peril of being sent overseas.
Pros: One of the best things about working at IBM is that they encourage telecommuting, which was extremely helpful to me as a working mom. I had the opportunity for some excellent training, and worked with some really smart people on exciting, state-of-the-art projects.
Cons: At least on the services side, IBM reorganized at least once a year, which meant a constantly changing set of objectives and goals and no real strategy — at least not one that was ever shared. I had fourteen managers in twelve years and there were times that I worked for someone for several months without ever having a conversation with that person. The organization is ridiculously top heavy and mid-level managers have to spend an inordinate amount of time reporting to various executives. It's a shame because IBM used to be a great company that everyone wanted to work for.
Advice to Senior Management: Flatten the organization and develop a real corporate strategy that can be communicated to all employees. Pay attention to the values that built IBM; not the least of which was truly valuing employees.
Pros: - Good reputation; - Some bright coworkers (not all, but there are some brilliant people here).
Cons: - Frequently poor managers (common in technical jobs); - Poor review cycles and promotions: complex and infrequent; - You are a cog in a wheel, no chance to make an impact until at least at the partner level; - Constant focus on cost-cutting, there is a general lack of organic growth focus.
Advice to Senior Management: None really, the model works for the very senior leadership. It's just bad for junior employees and middle managers. IBM tends to still operate off of its name, even though it's not the same company as it was even 10 years ago. If the company really wants to grow and retain talent, make drastic changes but in general I think it's a mature company that is just focused on cost cutting, not top line.
Pros: Smart people, flexible work hours and good opportunities to work on a wide range of topics that create a remarkable breadth of knowledge for future employers.
Cons: Absolutely toxic work environment due to near constant threat of firings. Raises are non-existent even for top performers with very little information conveyed to employees as to why (aside from the generic "it was a tough year" even during times of record profits). Upper management is cold and impersonal towards employees with many layoffs resulting in rehire as contractors...only to be let go at next quarter's end.
Advice to Senior Management: Fire yourselves immediately. When a good portion of the engineering force has been turned over and you are still bleeding money I think it is obvious where the true problem lies.
Pros: Team members dedicated and very hard working. Get to work with folks from around the globe.
Cons: Pretty much everything. Teams cut to the bone; remaining staff expected to keep picking up work of those cut. Can't use vacation fully as too short handed. No $ for education; skills and knowledge not valued. Employees are widgets to be used until they break and tossed out.
Advice to Senior Management: Cannibalization only prolongs life for a short time. Stop focusing on inflated numbers that are crafted out of cuts and stock buy backs and work on revenue growth.
Pros: Online training, Job security, role movement encouraged, overall package good, nice colleagues, management pretty good.
Cons: Complex processes and tools that overlap leading to frustration and wasted effort, forced to use IBM software rather than best in class, bonuses and other rewards poor, penny pinching on expenses and equipment, slow to adapt to rapidly changing market.
Advice to Senior Management: Simplify, simplify, simplify! Truly flatten the organization.
Pros: flexible work environment, good health benefits the ability to manage your workload and work schedule. You get to work with some of the brightest minds in the industry and you can always find someone willing to help you with anything.
Cons: Pay increases are all but non existent even for top performs. Executive management has no long term vision. Business is managed in 90-day increments, and while IBM talks about client first, it's all about executive compensation and EPS.
Advice to Senior Management: Time to dump our CEO. Nine straight losing quarters and your 2015 roadmap will be yet another IBM EPIC FAILURE!
Pros: IBM is known for its good benefits - medical, insurance, etc. If you are lucky, you will be given the opportunity to work in the new focus areas of the company.
Cons: IBM is not a diverse company. There is limited career development and promotional opportunities, especially for women and people of color even if they are more skilled and qualified. Unfortunately, even with an organization of its size, there are too many processes, and many of them are inconsistent. In order to get work done, many layers of approvals are required. It's unclear if employees are truly valued. Many managers have been at IBM too long and are too set in their ways.
Advice to Senior Management: Reduce the approval layers. Focus on supporting people of color with opportunities and career development.
Pros: Local management is in tune with employee concerns and peers are excellent engineers and technicians always willing to help.
Cons: Upper management is focused on 2015 roadmap and does not adequately communicate the technology roadmap for the company and how that translates into the different business areas and day-to-day jobs.
Advice to Senior Management: Perception is that 2015 roadmap will be met at ALL costs. This is destroying employee morale and hampering IBM's ability to constantly reinvent itself, adapt to the changing technology landscape, and even meet the roadmap's goals.
Pros: A large and diverse company with opportunities world wide. Some great people to work with. Work from home available for many. Lots of great ideas for the future.
Cons: The total focus on short term financial results leading to lack of resources. Senior management that does not want to hear the truth about their pet ideas. Employees are not viewed as valued resources, just expense to be disposed of. Talented people leaving as quickly as they can.
Advice to Senior Management: Step aside. Ten years of balance sheet management has killed a great company.
Pros: IBM allows most employees the benefit of telecommuting and has great work/life balance allowing employees to take care of personal business when needed.
Cons: IBM has lost its concern for their employees; they are just another commodity/expense used by management. Even their pay is not as good as it once was. The side benefits like parties for the children and other events for employees are no longer in existence and this has hurt the morale. In a few years the number of US employees will be at their lowest point since all the work keeps going to the country that has the lowest cost.
Advice to Senior Management: Please go back to the days of respect for the US employee and stop the cutting of cost just to reach the 2015 blueprint. I have seen many good US employees cut over the last several years; this needs to stop. Please think about the future of the company not about the current results.
Pros: IBM is a good place to make contacts and to network. Many people are quite knowledgeable, and if you stick with them, you can learn a lot.
Cons: IBM tends to layoff hundreds or thousands of people every quarter or two if they need to boost profit (by decreasing payroll). If you're OK with the knowledge that you could be fired at anytime – even if you have decent performance reviews – then IBM is great for you. Also – it is IBM’s stated policy to pay 80% of the mean salary for a job in its geography. In other words, it is the stated policy to pay less than you could get at many other places.
Advice to Senior Management: Mass layoffs are short sighted. Investors will figure this out soon.
Advice to Senior Management:
Cons: Everyone seems to be extremely overworked. My daily meetings on Friday usually involve 50% of the team saying "I hope to get done over the weekend". Also, morale is a joke. IBM really doesn't seem to care about having productive or happy employees. And, the continual fear of being RA'd (IBM speak for layoff).
Advice to Senior Management: Wake up. If you keep marching towards roadkill 2015 and focus only on the stock price, you'll not have a company to worry about. Customers will keep leaving. Outsourcing jobs to cut costs won't save you when you have no customers.
On Thursday, the president will direct the Labor Department to revamp its regulations to require overtime pay for several million additional fast-food managers, loan officers, computer technicians and others whom many businesses currently classify as “executive or professional” employees to avoid paying them overtime, according to White House officials briefed on the announcement. ...
Mr. Obama’s action is certain to anger the business lobby in Washington, which has long fought for maximum flexibility for companies in paying overtime.
In 2004, business groups persuaded President George W. Bush’s administration to allow them greater latitude on exempting salaried white-collar workers from overtime pay, even as organized labor objected. ...
Under current federal regulations, workers who are deemed executive, administrative or professional employees can be denied overtime pay under a so-called white-collar exemption.
Under the new rules that Mr. Obama is seeking, fewer salaried employees could be blocked from receiving overtime, a move that would potentially shift billions of dollars’ worth of corporate income into the pockets of workers. Currently, employers are prohibited from denying time-and-a-half overtime pay to any salaried worker who makes less than $455 per week. Mr. Obama’s directive would significantly increase that salary level. ...
“Under current rules, it literally means that you can spend 95 percent of the time sweeping floors and stocking shelves, and if you’re responsible for supervising people 5 percent of the time, you can then be considered executive and be exempt,” said Ross Eisenbrey, a vice president of the Economic Policy Institute, a liberal research organization in Washington.
Apple, Microsoft, Google, and Cisco Systems collectively hold $124 billion in US Treasury debt overseas, the UK's Bureau of Investigative Journalism reported Wednesday. The debt is kept offshore so the companies can earn interest on the treasuries without worrying about paying taxes.
That some of the largest technology companies in the world are holding so much interest-bearing debt and not having to pay taxes might not resonate well with individuals looking down the barrel at an April 15 personal income tax filing date and big tax bill. Still, the companies are acting well within US law, so they're not violating any regulations.
I am willing to bet that the executives will receive those stock options as another bonus for a good job. Just wait and see - those stocks that you think you are getting will be lining the executives pockets soon enough, and the IBMers across the globe, will be filing unemployment claims instead! IBM gives one thing with one hand and takes two away with the other hand. REMEMBER THAT! -dun-4-
“But let me be clear—we are not exiting hardware,” Rometty adds. "IBM will remain a leader in high-performance and high-end systems, storage and cognitive computing, and we will continue to invest in R&D for advanced semiconductor technology.”
Just what is meant by continuing to invest in semiconductors isn't explained, which may keep eyebrows raised after recent rumours suggested Big Blue would offload its chip business. The phrase "continue to invest" does not rule out a sale and ongoing joint research engagement. -Anon-
I also saw that there are about 5 "Vice Presidents" in the Report to chain. A VP reporting to a VP, who in turn reports to another VP and so on. Talk about Smarter Planet, would you now, Ginny? Why do you need so many Vice Presidents? If you cannot clearly provide a job title, you most certainly cannot justify their existence in the company, so why not get rid of some of those Vice Presidents instead of the Band 6-10 employees? -Everyone and their dog is a Vice President!-
They will continue to fail. Bleeding? Cut off the bleeding leg, so now how will you stand? The executives cashing in shares shows they are packing their golden parachutes. Hey, if I was an executive on a sinking ship, I'd be kicking off stowage to line my boat. IBM is quickly becoming the "Texas Instruments." Glad I was laid off when I was. Anyone still staying? No raises, no bonus, PBC numbers artificially lowered to meet their expectations. You deserve better than that. -Anonymous-
As for cloud: Amazon innovates and drives costs down. It passes the savings on to customers. IBM drives cost down for itself by employing third-world labour but charges first-world prices to customer and keeps difference. This profit is not reinvested back into its employees but is likely divided and distributed to shareholders and management.
IBM will not survive long with employees that seem to distrust and despise management and is paralysed in fear of being made redundant and lied to. IBM also lacks founder's drive and fire. Watson's are long gone and have been replaced with management with no vision and is likely busy enriching themselves. Only a whole sale management change will work. These are only my opinions and is not that of IBM. -tg-
Alliance reply: This has been discussed quite a bit in this comment section as well as in articles on our main page. Clearly IBM is suppressing and hiding not just age date, but numbers cut and their divisions.
He told me that it was "relative contribution" not whether or not I was a good employee and it should not affect my future. Oh, really? If I try to get a different job in IBM, there is NO manager that is going to even consider hiring me after seeing that 3! I didn't get tagged for the RA this time so now I'm in for another few months of trying to pretend that I actually care about this job... because if I get another 3 they will use it to reduce the severance that I've EARNED. p*ss on you, IBM! -BoulderAnon-
Alliance reply: This is why Alliance has been fighting for and trying to get US IBMers to organize, so that having a contract proactively sets the rules by which any IBM employee would be let go.
Alliance reply: Alliance agrees with you. Our mission has been to organize IBM US workers AND to be an advocate for them. IBM US workers have no other options to STOP the abuse by IBM. IBM will continue to abuse their own workers until the workers decide to stand up and fight. That can't come too soon, from our view.
IBM is avoiding severance packages (and hoping to encourage attrition) through the PBC 3 quotas, and it is absolutely unethical and unfair. People who have received such undeserved 3 appraisals, unsupported by management, need to organize and report this to the media. I've shared IBM's scheme with friends in IT outside of IBM, and they are shocked that IBM has stooped to this slimy level of unethical behavior. -Anonymous-
By the end of my time, I just didn't want to be part of it anymore. It turned out to be the best decision I ever made. As echoed in previous comments, you can do better after IBM—better salary, work/life balance, opportunities, and just having more fun when you work at places where people don't just see you as a number (or a Green Dot!). I know its scary—it was for me, but now I wonder why I didn't leave earlier!
To those who want to stay at IBM, I hope you can play a part in making it a great American company again. But in my opinion, that will never happen due to current mgmt. obsession with pleasing Wall Street. The only way to turn it around is for the employees to 'take the company back'. And that cannot happen without an organized effort.
In the past, there was no need to organize. Management 'could' still screw you, but they didn't because of company culture (respect for the individual, etc). Now, the culture has clearly changed and not only 'can' they screw you, but they are doing it every year.
There needs to be check and balance and the Alliance appears to be the only group setup to organize and provide a voice for workers to have a say in the direction of the company and the welfare of its employees.
Finally, I will admit I viewed this site for years but never contributed. I was always on the fence about the Alliance, but looking back, I realize, it was the only way to get a good source of information, especially when you work from home. So, please accept my donation as a small re-payment for all those years of keeping me informed. And keep fighting the good fight! -anonymous-
Oh, please. The corporate media doesn't care. Why would you think they care? They've slept through the dismantling of unions and middle-class jobs for decades, and you think they're going to sit up and change habits for some white-collar IT workers who feel they were given unfair assessments? No one else but you, and perhaps some of your fellow IBMers, cares. And judging by the lack of employees joining this union, not many of your fellows care either. -irRational-
Alliance reply: It is true that the MSM does not seem too concerned enough to highlight the troubles of IBM workers in the US. However, Alliance@IBM's profile continues to become more prominent, globally and many media outlets, other than "main stream" are paying attention.
There is also an increase in IBMers joining Alliance, lately. It's not a huge amount and it isn't enough to call for a vote; but the activity suggests hope, that IBMers are realizing that the only way to have their voice heard, and the best way to fight back, is to organize in a large group of IBM workers that will not be ignored any longer.
BTW...Thank you for continuing to send comments to this board. We appreciate your long term support of our efforts to advocate and organize for IBM US workers, -irRational-, in a most rational way.
No, I am not a retired manager, only a lowly CE from NY/NJ. You guys need to stop fearing organizing. I know people that are even afraid to go to this website for fear of reprisals. Stop stooping. Stand up , pay your dues and fight a bit. Sign your name too it is much more effective than something as clever as 'anon'.
IBM need to maintain a critical mass of employees in order to fulfill contracts and in many geographies will soon learn the people they counted on do not want to work given the prevailing conditions. It will be at this point that upper management may realize their arrogance and in some small way perform an act of contrition. As an afterthought, when you do retire, consider taking the lump sum because as things seem to be going, IBM may not be able to meet their pension commitments unless someone with a vision and guts takes the helm. Burning, slashing, and terrorizing won't cut it forever. Good luck to you all. -Chris s/n 823964-
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