IBM Employee and Investor Issues Summary Highlights for Week Ending July 22, 2000

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  Pension Lawsuit Win
  July 26, 2003
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  2001 Stock Meeting
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Highlights for week ending July 22, 2000

Ways to deal with 'trashing' of tech workers, by Joyce Lain Kennedy/Syndicated Columnist, Seattle Times.
PSG "white Thursday" put on hold, maybe called off, due to the "RTP/Austin Managers Rebellion" and higher than expected departures. More on the RTP/Austin Managers rebellion including a new "old style paper HR system"
Claim that IBM internal network has been breached by headhunters
Staff added to support Alliance@IBM growth
IBM union efforts stymied, goals remain, but results elude activists. Poughkeepsie Journal article. Reaction from an employee to Jana Weatherbee's use of term "competitive" to defend IBM's pension and medical theft
U.S. Senator Tom Harkin (D-IA) introduced a bill to create an Office of Pension Participant Advocacy at the U.S. Department of Labor, establishing a central location where pension participants can turn to when problems arise. Quote from Senator Harkin: "It is troubling to hear that some employers are misleading employees about their retirement options." "After working for forty or fifty years, Americans have a right to get the full value of their hard-earned pensions."
A retiree comments on cost of living adjustments. Excerpt: "If you look back to the early years there where 26 increases from the plan start until 1990." "They averaged 3% a year, none since 1990."
Meanwhile, in the United Kingdom, there have been recent cost of living adjustments
Boeing Country: Boeing bosses agree attrition is a problem
The corporatization of the culture, by Molly Ivins, Fort Worth Star-Telegram columnist Includes comments about Lou Gertstner's views on education.
Lou Gerstner continues to attribute IBM's flat revenues to Y2K
IEBAC’s Plea for Support of the Sanders-Gutknecht-Kucinich-McHugh-Hinchey Amendment to Prevent the IRS from Violating the Pension Age Discrimination Laws. Amendment passes. Read text of amendment and congressional testimony here.
Annex Bulletin Analysis of IBM's Second Quarter Business Results, "Smoke and Mirrors Galore"
Report Card-Louis Gerstner-Summer 2000 by Lou's Shadow.
- Comment from an employee in sales.
- Lou's Shadow comments further.
Cash Balance Pension Plans Press Briefing in Washington, D.C. on Tuesday, July 25. Current and former employees from IBM, Bell Atlantic, Duke Energy, SBC and AT&T will meet with senior officials from the U.S. Departments of Labor and Treasury.
NLRB rule allows representative from Alliance@IBM present when resolving grievances with management.
Vapor profits information sheet explains how companies us an accounting rule to artificially inflate profits at the expense of employees...perhaps the real reason IBM converted to a cash balance pension. :-)
U.S. House Cautions IRS On Cash-Balance Conversions: Part 1, Part 2
Ever wonder what an IBM C.E. makes?

"The test of our progress is not whether we add more to the abundance of those who have too much; it is whether we provide enough for those who have too little." — Franklin D. Roosevelt

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