2 expected to leave I.B.M. board

Article Abstract:

IBM Dirs J. Richard Munro and Stephen D. Bechtel, Jr, are resigning to allow new Chmn Louis V. Gerstner, Jr, to appoint younger people with more technical expertise to IBM's 18-member Board of Directors. Former Time Warner Inc co-CEO Munro, 62, and Bechtel Group Inc Chmn emeritus Bechtel, 68, were among four board members who met with California Public Employees Retirement System (Calpers) representatives in Feb 1993 to discuss bringing more technologically knowledgeable directors onto the board. Calpers is a major IBM shareholder, and has ben critical of the company's management and financial performance in the past. Calpers general counsel Richard Koppes remains concerned about the selection process, however, and would prefer an independent board committee pick the new members. Retired Henkel Pres Helmut Sihler has already left the board, while IBM Vice Chmn Jack D. Kuehler will retire in Aug 1993.

Appointments, resignations and dismissals, Management Style, Qualifications, Board of Directors, Resignation, Chairmen, Bechtel, Stephen D., Jr. (American construction engineer), Munro, J. Richard

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From Gates, a cheer for I.B.M

Article Abstract:

Microsoft Chmn William H. Gates offers positive views on his company's rival, IBM, on the eve of his much-heralded meeting with Louis V. Gerstner Jr, IBM's new chairman and CEO. Gates said that with IBM's considerable technical assets, the company should be worth twice as much as it is today. He stresses, however, that IBM will need from three to four years to turn its financial worth around and double its value. Gates met with Gerstner as part of the latter's efforts to reach out to competitors, suppliers and customers, Microsoft's relations with IBM has been hostile in recent years. Though IBM helped Microsoft become the software giant it is today by using Microsoft's operating system to power its personal computers, the two companies clashed over Microsoft's abandonment of the OS/2 operating system in favor of its Windows software.

Computer peripheral equipment, not elsewhere classified, Conferences, meetings and seminars, Computer software industry, Software industry, Microsoft Corp., Beliefs, opinions and attitudes, Gates, Bill, Chief executive officers, Forecasting

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Ex-I.B.M. head gives $25 million to Brown University endowment

Article Abstract:

Former IBM Pres and CEO Thomas J. Watson Jr. contributed $25 million to the Brown University endowment fund. The grant, which consists of $10 million in cash and $15 million in bequests, is the largest grant received by Brown University. Watson graduated from Brown in 1937 and has served as trustee, adviser and vice chancellor for the university. Watson has been the university's largest donor with contributions totaling $42 million. Brown University is currently seeking to add $500 million to the school's endowment; the endowment drive is being headed by Varton Gregorian.

Colleges and universities, Universities and colleges, Donations, Brown University, Computer Industry, Donation, Watson, Thomas J., Jr.

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