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How IBM is flipping the switch on pension plans. IBM contributes 5% of an employee’s salary to the accounts, which provide a 6% guaranteed, tax-deferred return for the first three years. And ...
International Business Machines (IBM) is a multinational corporation specializing in computer technology and information technology consulting. Headquartered in Armonk, New York, the company originated from the amalgamation of various enterprises dedicated to automating routine business transactions, notably pioneering punched card-based data tabulating machines and time clocks.
Under the deal, nearly $6 billion of IBM's defined benefit pension obligations will be transferred to Prudential Insurance Company of America. A defined benefit plan guarantees a specific payout ...
Website. www.gerstner.org. Louis Vincent Gerstner Jr. (born March 1, 1942) is an American businessman, best known for his tenure as chairman of the board and chief executive officer of IBM from April 1993 until 2002, when he retired as CEO in March and chairman in December. He is largely credited with turning IBM's fortunes around. [1][2]
Phoenix pay system. The Phoenix pay system is a payroll processing system for Canadian federal government employees, provided by IBM in June 2011 using PeopleSoft software, and run by Public Services and Procurement Canada. The Public Service Pay Centre is located in Miramichi, New Brunswick. It was first introduced in 2009 as part of Prime ...
Arvind Krishna (born November 23, 1962) [3] is an Indian-American business executive, and the chairman and CEO of IBM. He has been CEO of IBM since April 2020 and chairman since January 2021. [4][5] Krishna began his career at IBM in 1990, at its Thomas J. Watson Research Center, [6] and was promoted to senior vice president in 2015, managing ...
The following is a chronological list of people who have served as chief executive officer of IBM, an American multinational technology and consulting corporation headquartered in Armonk, New York. Thomas J. Watson (1914–1956) [1] Thomas J. Watson, Jr. (1956–1971) [1] T. Vincent Learson (1971–1973) [1] Frank T. Cary (1973–1981) [1]
Donofrio was born in Beacon, New York in 1945. He earned a Bachelor of Science degree in electrical engineering at Rensselaer Polytechnic Institute in 1967 and a Master of Science in the same discipline from Syracuse University in 1971. [1][2] He joined IBM in 1967 as an engineer, but moved into management positions which led him to his most ...