Word: ibm
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Thomas J. Watson Jr., a wealthy playboy, spent years working cushy jobs a his father's company, IBM. When not working--which was most of the time--he threw parties, dated models and traveled the world. After several years of this, Watson got serious, and once he rose to the position of CEO, Watson transformed the company from an office machine maker into the world's most important computer manufacturer. Alan Greenspan studied music at Juilliard for two years, then dropped out to play for a jazz quartet for a year before starting business school and then getting into finance...
...this is not a PC factory gone berserk. This is the place where old computers go to die. IBM's Asset Recovery Center in Endicott, N.Y., is one of the largest PC junkyards in the world. Some 40 million lbs. of computers are dismantled here each year...
...fend off similar legislation here, U.S. manufacturers are scrambling to devise recycling programs of their own--and hoping to make a buck while they're at it. Last November, IBM launched the first nationwide program; it charges computer users a $30 shipping-and-handling fee to take even an ancient PC off their hands. Hewlett-Packard plans to launch its consumer-PC take-back program in March. Regional efforts--such as Sony's "recycling days" begun in Minnesota last fall--have sprung up from Oregon to New York...
That may have helped for a while. Blue chips like AT&T, Boeing, IBM and Phillip Morris have seen their bottom lines boosted by pension income, according to a study by the benefits consulting firm Towers Perrin. The study found that in 1999 alone, companies in the Dow Jones industrial average saw their pension funds' income increase more than $1 billion--the same amount that accounted for pension expenses the year before...
...course, taught by GOP heavyweight Roger B. Porter, IBM professor of business and government at the Kennedy School of Government, held its midterm exam on Election Day. Porter has worked with the Bush transition team...