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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 ...
(Reuters) - IBM said on Wednesday it expects a pre-tax charge of nearly $2.7 billion in the third quarter, related to a transaction involving the transfer of some of its pension plan obligations ...
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IBM then turned to Gerstner, an outsider with a record that suggested success [10] [11] whose older brother Richard had run the company's PC division until retiring due to health issues four years earlier. [12] Gerstner was the first IBM CEO who was hired from outside the company.
Xerox Corp. Retirement Plan, decided that the lump sum calculation for workers terminating service prior to retirement who were covered by the defendant cash balance pension plan cannot violate the rules for defined-benefit plans, [3] and in a district court in Illinois in Cooper vs. IBM Personal Pension Plan, decided that the very design of ...
November 3, 2021 Kyndryl. IBM distributed 80.1% of its Kyndryl shares to IBM shareholders. January 21, 2022 – IBM announced that it would sell Watson Health to the private equity firm Francisco Partners. [232] August 22, 2023 — IBM announced that the private equity firm Francisco Partners would acquire The Weather Company assets. [233]
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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]