Word: ibm
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...workers to dress casually every day dropped from 48% in 2004 to 37% in 2007, according to human resources trade group SHRM. And the trend has left corporate America a sartorial mishmash. At opposite ends of the spectrum are Lehman Bros., which has reinstated its daily-suit mandate, and IBM, which has tossed its famously conservative dress code altogether. Last summer the U.S. Commerce Department banned employee flip-flops. This summer Texas A&M University is urging its staff to dress "comfortably" so the school can ease up on air-conditioning...
...extent of damage done by the Telekom affair can be felt in the emotional responses. Hans-Olaf Henkel, a retired IBM executive and former president of Germany's main business lobby, said what happened at Telekom was "reprehensible and disgusting," comparing it to the "methods of the East German Stasi" secret police. "This is not capitalism," he said. "It's not my understanding of the market economy." If a captain of industry condemns Deutsche Telekom with such vigor, the judgment of the average German is not likely to be any more forgiving...
...Companies have seen individuals breaking down, and they realize that they need to play a part to prevent it," says Karuna Bhaskar, director at 1to1help.net, a counseling service whose clients include HP, IBM and Texas Instruments. In the seven years since she co-founded her organization, she says she has found that the rat race causes a diversity of problems. "Not only do you want to keep up with the Joneses, your children want to keep up with the Joneses' children. But debt is something we Indians have never been comfortable with. So mounting credit card bills become a nightmare...
...Investors this year have asked for so-called "say on pay" at some 100 companies, including Coca-Cola, IBM, General Motors, Exxon Mobil, Citigroup, Anheuser-Busch, General Electric and Wal-Mart. As companies hold their annual meetings throughout April and May, some 70 different institutional investors will be pushing to add an annual provision to let shareholders vote up or down on how companies pay their top five executives. Earlier this week, about 150 institutional investors and representatives from companies like Pfizer, Morgan Stanley, Dell, BP, Sara Lee, Fed Ex, Procter & Gamble and United Health gathered in New York...
...market rate and say-on-pay votes undermine the very nature of corporate governance - a board of directors charged with luring and keeping the best talent. In the rebuttal statements to say-for-pay proposals found in their annual proxies, companies lay out all sorts of counter-arguments. IBM says there's no way that shareholders can know what's an appropriate pay practice since they're not privy to competitive information like which executives are receiving other job offers. Coca-Cola stresses that shareholders already have a way to deal with pay practices they find unpalatable: don't vote...