TITLE

SAM PALMISANO

AUTHOR(S)
Schlosser, Julie; Cherry, Brenda; Tran, Muoi
PUB. DATE
August 2003
SOURCE
Fortune International (Europe);8/11/2003, Vol. 148 Issue 3, p27
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Sam Palmisano dissolved a clubby 92-year-old executive-management committee, asked the board to cut his bonus and redistribute the money to others, and reached far down the organizational chart for fresh ideas. That might sound like a corporate fairy tale, but in fact it's a few pages out of the first chapter in Palmisano's tenure as CEO of the $81 billion behemoth, International Business Machines Corp. (IBM). The 30-year company vet--who took the reins early last year--isn't resting on predecessor Lou Gerstner's laurels. Palmisano, 52, has snatched up PricewaterhouseCoopers' consulting arm for $3.5 billion, helping shift Big Blue's focus from selling hardware and software to selling IT and consulting services.
ACCESSION #
10377279

 

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