Word: ibm
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Dates: during 1990-1999
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...wrong for the computer company did. Market share fell in every single product line; the once unshakable firm was forced to revoke a 78-year policy against involuntary layoffs; and it recorded losses of $3 billion. This year isn't shaping up any better. Standard & Poor's stripped IBM of its prized triple-A credit ranking, lowering it three notches to double-A-minus. That will adversely affect some $19 billion worth of senior debt. Last March, Moody's Investors Service downgraded IBM's debt rating...
News of the editorial shake-up comes in the wake of a much-publicized controversy over an article cut from the January/February issue of the Review. Mark Stahlman, the writer of the article, "Why IBM Failed," said Harris has become a scapegoat for a journal marred by excessive faculty influence of editorial policy...
Stahlman said he was "highly confident that George was pressured" by faculty to scrap the article, which argued that IBM's problems reflect a deeply troubled computer industry...
...article is highly critical of the management of IBM," Stahlman said last week. "It is unusual for an article to appear in the [Review] that adopts that critical tone...
...called IBM episode is not related...to the decision last week [regarding Harris]," said Alex McCallum, a spokesperson for the Review...