The axeman cometh
Article Abstract:
Louis Gerstner came from outside the computer industry to rescue IBM after performing similar duties at RJR Nabisco and American Express. He lacks the expertise to form a grand strategy for all IBM's products; he should divide the giant firm into small, focused businesses.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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Too Big Blue
Article Abstract:
New IBM CEO Louis Gerstner is mistaken if he believes the company can recover from devastating losses and regain its place as the dominant computer industry giant. The company should be broken up because the circumstances that allowed it to thrive before no longer exist.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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The axeman: IBM
Article Abstract:
IBM has announced it will take a $8.9 billion restructuring charge in the second quarter of 1993, as the company will try to reorganize itself in an attempt to become competitive again. It will shrink to around 225,000 workers from its high of 407,000 in 1986.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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