Word: ibm
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Dates: during 1990-1999
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Things look a bit grayer at Big Blue these days, at least judging from an internal memo leaked last week by someone within IBM. The theme of a charring corporate review delivered at an April management meeting in Armonk, N.Y., was "Everyone is too damn comfortable at a time when the business is in crisis." The critique continued: "There's no fun being a no-growth business. It's not the stockholders' fault. The problem belongs to those who manage the business." Remarkable words under any circumstances, but most remarkable considering the source: IBM chairman John Akers...
...decade had an inauspicious start when then-U.S. President Ronald W. Reagan declined Harvard's invitation to speak, despite strong indications that the chief executive would have liked to do so. Harvard quickly rallied its forces of persuasion, however, and successfully invited IBM chief and former U.S. ambassador to the Soviet Union Thomas J. Watson...
Watson is said to have "awed" Wall Street by generating $36 billion for IBM. In his capacity as ambassador under former President Jimmy Carter, Watson played a pivotal role in determining foreign policy during the initial Soviet invasion of Afghanistan...
Founded in 1982, Businessland became corporate America's one-stop shop for ! personal computer systems, mainly from blue-chip makers like IBM and Apple. But as Businessland's fortunes rose, so did those of mail-order boutiques and aggressive superstores offering deep discounts. Meanwhile, Businessland stumbled by launching price wars while ignoring rising inventory and changes in customer needs. The company's key lender, ITT Commercial Credit, has announced that it will jump ship by the end of June. Now Businessland must persuade remaining lenders to extend its loan payments. Observes computer industry analyst Douglas Kass: "The coffin is lying...
...Pentagon-size bureaucracy to run a business. Downsizing led to outsourcing of suppliers, and has now led to a movement to ship out the whole company. After all, with new technologies, you can run even a global business out of a small town." He's right. Just ask IBM (Armonk, N.Y.) or General Electric (Fairfield, Conn...