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Management changes hint at IBM's future

Struggling to regain investor and industry confidence, Big Blue shuffles top management as it retools for the future.

 

  latest developments 

Computing giant IBM, struggling to regain investor and industry confidence, shuffles top management as it retools for the future.

New IBM president Sam Palmisano "does everything with a certain amount of gusto."

- J.P. Morgan Securities analyst Daniel Kunstler

 


More exec changes in wake of IBM shake-up
The ripple effects have already begun from the company's appointment of a new president and vice chairman, its first high-level organizational change in seven years.

IBM taps new president, vice chairman
update The company names Sam Palmisano to become its president and chief operating officer and John M. Thompson to the position of vice chairman in what could be the first stages of a succession plan for Lou Gerstner.

previous coverage
IBM edges past expectations despite lower revenue
The company squeezes past analyst projections with earnings per share of $1.06, but lagging revenue keeps a lid on euphoria.