Memoirs from the I.B.M. dynasty

Article Abstract:

Thomas J. Watson, Jr.'s book 'Father, Son and Co.: My Life at I.B.M. and Beyond' recounts the years when Watson led IBM to dominate the computer industry. Over 200,000 orders have already been placed on the pre-publication press run of 210,000 copies by Bantam Books. The book, which is written with Peter Petre, is a memoir of the executive attitudes and policies that Watson had when leading IBM and recounts the fears and insecurities he experienced. Watson believes that bonus incentives, including the one he received as part of his father's contract, are unfair. He says he never felt indispensable at IBM, and one of his proudest achievements is the progress the company has made since he left the company. Watson, who is 76 years old, retired from IBM in 1970 following a heart attack. He now travels extensively, and is planning trips to Antarctica and the Arctic.

Officials and employees, International Business Machines Corp., IBM, Biography, Executives, Records and correspondence, Executive, Attitude, Book, Watson, Thomas J., Jr.

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Involuntary layoffs for 3,450 set at Digital

Article Abstract:

DEC announces that it will layoff 3,450 workers between Jan 1991 and Jun 30, 1991. The computer company announces its first-ever firing after the failure of a voluntary severance program. The voluntary program expired on Dec 31, 1990, and only 2,550 workers, of DEC's 123,500 workers worldwide, chose to leave. Wall Street reacts favorably to DEC's decision to lay off workers because voluntary severance packages tend to attract the most valuable employees. DEC has more control over which employees leave with the layoffs. DEC stock closed at $52.625 a share on Jan 9, 1991, after reaching a high of $95 a share in the previous year.

Human resource management, Business planning, Layoffs, Digital Equipment Corp., DEC, Layoff, Computer Industry, Financial Stability

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G.E. agrees to $16.1 million fine in a Pentagon overcharging case

Article Abstract:

General Electric has agreed to pay the United States Department of Defense $16.1 million in fines for overcharging the department. At issue is a battlefield computer system. GE was convicted of overcharging the department in a jury trial in Feb 1989, and the fine is one of the largest ever assessed by the government. The case was directed at GE's Management and Technical Services Company subsidiary. A feature of the case is that the fine includes settlement of several other pending cases the government had with GE. A company official stated that the slate was clean between the government and GE.

National security, Cases, General Electric Co., GE, United States. Department of Defense, Computer Systems, Legal Issues, Lawsuits, Military

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