IBM mulls making its business lines more independent
Article Abstract:
IBM's five-person management committee considers ways to make parts of the organization more independent. Company executives envision IBM as a holding company for various computer businesses. Headquarters would not direct activities of subordinate businesses. Rather, decision making would take place within those businesses themselves, and overhead would be reallocated to reflect their independence. Other organizational changes are also being considered, but no decisions about them have yet been made. The year 1991 has not been a good one for IBM: earnings will probably be down more than 60 percent, and the company's stock, which was at $139.75 early in the year, closed at $97.25 on Nov 18, 1991.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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IBM sets up extensive bonus program for 1992 in bid to motivate employees
Article Abstract:
IBM announces to its employees that significant bonuses are in store for them in 1992 if their business unit's performance achieves its goals. There are suspicions though that to finance the bonus pool, the company will shave basic salary increases. IBM officials say that while pay increases have shrunk since the company encountered financial troubles, annual changes in the pay-pool makes it difficult to make comparisons. Some IBM employees, who have had minimal annual raises, have expressed alarm over the 35 percent increase in senior management's base salaries from 1989 to 1990. The bonus pool is intended to step up competition among its employees.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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