Word: ibm
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Dates: during 1990-1999
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...Recon/Optical, a suburban Chicago military contractor, charged the Israeli air force with trying to steal the blueprints for a top-secret airborne spy camera. The Israelis agreed to settle the case by paying $3 million in damages. The French intelligence service recruited moles in the European branch offices of IBM, Texas Instruments and other U.S. electronics companies. A decade ago, an FBI sting operation caught senior-level executives at Hitachi and Mitsubishi trying to buy confidential information on the latest IBM computer chip. After initially refusing to submit to U.S. jurisdiction, both companies pleaded guilty to charges connected with...
...says Don McWhorter, president of Banc One in Columbus, Ohio. The Arkansan took office when cyclical trends were about to cause a long-overdue quickening of the recovery (which, in fact, began in the closing months of the Bush Administration). For example, despite the well-publicized losses at GM, IBM and Sears, corporate profits in general are soaring. Low interest rates have reduced the cost of paying off debt, and downsizing programs have made many companies more competitive. Says Hugh Johnson, financial strategist for the New York investment firm First Albany: "The stock market is telling you that with...
...company was bleeding rivers of red ink, and his shareholders were openly critical of his abilities as a manager. But John Akers, chairman of IBM, defiantly rejected calls for his resignation. Even as late as December, he claimed to have the complete backing of his board of directors. But at an acrimonious board meeting last week -- the first since the company reported a record loss of $5 billion for 1992 -- Akers changed his tune. After an emotionally charged meeting with the seven members of the powerful executive committee, Akers, 59, informed the fully assembled board of his decision to step...
Rosenfeld was arrested in 1991 after hatching a plot to build and sell IBM computers. He and some pals bought nearly $1 million worth of computer parts using credit-card numbers from strangers' credit reports. A Secret Service raid on Rosenfeld's Brooklyn, New York, home uncovered 176 credit reports stolen from TRW, a leading credit-rating company. He says he sold "thousands" of such reports to private investigators...
...other direction, Roger B. Porter, who served as President Bush's assistant for economic and domestic policy, will return to the school this semester as the IBM Professor of Business and Government after a four-year hiatus. And Porter will not likely be the lone Republican defector to the school...