IBM Employee and Investor Issues Summary Highlights for Week Ending September 2, 2000

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  Pension Lawsuit Win
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Retirees, Vendors, Contractors, Temps, and Active Employees are all eligible to become members of the Alliance.

Highlights for week ending September 2, 2000

Humor from John Kelso, Austin American-Statesman: Dot coms bite! Kelso celebrates living.com's demise, hopes for more (Good reading if you're sick of hearing about rich 20-somethings)
Los Angeles Times: Coalition Fights to Remedy What It Sees as Flaws in Pension Reform. "A grassroots coalition of retirees and pension and retirement advocacy groups is fighting a popular pension reform bill, contending that there's more to the Comprehensive Retirement Security and Pension Reform Act of 2000 than meets the eye--and some of it is bad..."
A letter was just sent from IBM Employee Benefits Action Coalition (IEBAC) to all members on the Senate Finance Committee. This is a CRITICAL issue for us; please do everything you can to make sure your senators are informed about the concerns! See letter (Part 1, Part 2).
Randall MacDonald, new IBM Senior Vice President of Human Resources is granted "a few" share options. How many did you receive? :-)
Andy Lang comments on how Corporate America's pension games are costing U.S. workers "trillions of dollars", what he calls the "largest single scandal in US history."
Read about some tactics of union busters
CNBC: Recognizing the changing nature of the American work force, the National Labor Relations Board has voted to make it easier for millions of temporary workers to join unions and win benefits on the job. "The ruling released yesterday comes as the nation's employers increasingly rely on temporary staff to trim costs and gain flexibility. Temps, contractors and consultants who are not attached to a company's core work force make up as much as 25 percent of the nation's employment base by some estimates, or nearly 35 million workers."
The latest news on the class-action suit against IBM
CBS Market Watch: Pension bill's benevolence falls short. Features would pinch middle income workers, critics say. "A U.S. pension reform bill that would raise 401(k) contribution limits to $15,000 a year includes little-noted provisions that reduce incentives for companies to encourage middle- and low-income workers to participate." "Almost 80 percent of benefits the legislation would go to the wealthiest 20 percent of Americans, while the bottom 60 percent of the workforce would receive less than 5 percent of benefits, according to the CBPP"
According to Lou Shadow, Lou Gerstner has some strange idiosyncracies. CPR discusses other Gerstner characteristics.
The CPR team comments on the mood among senior and middle IBM managers

"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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