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April, 2000
 Join your fellow employees who are fighting for your benefits - Join the Alliance! Retirees, Vendors, Contractors, Temps, and Active Employees are all eligible to become members of the Alliance. |
Highlights for week ending June 17, 2000
- Fortune Magazine: Hocus-Pocus:
How IBM Grew 27% a Year. Do you want to believe in the IBM miracle?
Then don't look too closely at the numbers
- Inside
the Numbers: EDS Drops 24 percent on Revenue Warning: Is IBM Next?
- Senior
Financial Manager for IBM Global Services leaves the company.
- USA Today article mentioning IBM, Pension
partisans fight for security
- Wall
Street Journal article comparing how two companies converted to
cash-balance pensions. One company did it right, the other company (guess
who!) is repeatedly used as an example of a company that did it wrong.
Excerpt: "Legislation introduced by Rep. Bernie Sanders, a Vermont independent, would require employers who are converting to a cash-balance or pension-equity plan to offer employees a choice of staying in the old plan." "Employers generally complain that such choice is too costly. Mr. Sanders finds this amusing in some cases. 'If converting to a new pension program doesn't save a company any money, as some companies say, it should not be too expensive for companies to offer all of their employees the choice to remain in their original pension plan,' he says."
- Boeing
charged with harassing worker who is involved in SPEEA organizing
- Dallas Morning News: Tyrant
at the top, A bullying boss can hurt a company and its employees
- Employee
Bonus for U.S. Sales Recruits
- More
intrigue from "Lou's Shadow" comparing the large amount
of negative IBM press now to the same phenomena prior to John Aker's
departure. See also Shadow's
comments on "Arturo".
- Tom
Bouchard, head of IBM Human Resources, leaves IBM. A
reaction. CPR's
comments "The word around Area 51 is that he was sacked by
Lou because the entire HR strategy has failed."
- IBM
management union training. A
comment from Poughkeepsie.
- AT&T
switch rankles workers, wireless stock option lost in move to IBM.
For hundreds of AT&T Corp. software programmers, it's painful enough
they're being farmed out to IBM Corp. next month in a cost-cutting move.
But workers in the switch have learned they also will forfeit the stock
options the company gave all employees when shares of the new AT&T
Wireless Group went on sale in April.
-
Interesting
comment: Of all the levels of employees from executives to non-management,
only 2 catagories have 1 thing in common...
- PSG
Layoffs coming
- Write
to your congressional representatives today to counteract ERIC's
lobbying for big business
- Fortune
Magazine's About Face
- IBM
has been kicked out of this year's "Information Technology 100" list.
- The June 5 issue of Computerworld focuses on the "Top 100 Best Places
to Work in IT". IBM appears nowhere on the list. See
why here. See
the article here.
- CPR's comments on how Lou is "managing" the downward revenue spiral of IBM. Excerpt: "The resource equation will never close. It is not intended to ever close. In IBM, people are just "resources", like cattle. That's why some of my executive friends call fondly IGS the "big meat grinder". People are used up, then ground out. "