Remember Big Brother? Now he's a company man

Article Abstract:

The computer surveillance of individuals, both in and out of the workplace, is reaching such a saturation level that many analysts are calling for new laws to safeguard privacy. The Privacy Act of 1974 restricts government collection and dissemination of information on individuals and allows citizens access to their files. But the legislation does not apply to businesses. Many analysts now feel that pooled business information data bases pose more of threat to the privacy of individuals than does the government. At a conference held recently by the Computer Professionals for Social Responsibility, attendees proposed solutions to the problem that ranged from constitutional amendments to a belief in the mechanisms of the marketplace for preserving privacy. Some analysts maintain that different technologies have different levels of standards, and that a uniform code would not be feasible.

Conferences, meetings and seminars, Laws, regulations and rules, Privacy, Privacy, Right of, Right of privacy, Electronic surveillance, Legislative process, Computer Industry, Legal Issues, National Government, Legislation, Rights, Surveillance Systems, Computer Professionals for Social Responsibility

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Deep cuts are seen for I.B.M.: lower dividend and big charge expected

Article Abstract:

New IBM CEO Louis V. Gerstner, Jr, will likely clean house in the Jul 27 board of directors meeting by convincing the board to add a $1-$4 billion charge against 2nd qtr 1993 earnings for closing down excess manufacturing capacity to the existing $2 billion charge for massive layoffs. The board is also expected to cut IBM's 2nd qtr dividend from the current $0.54 to $0.25 a share, and to announce a 2nd qtr operating loss of $140-$180 million. Industry analysts think such bold action would be good for both Gerstner and the company, since it would put a stop to IBM's recent habit of taking new charges every quarter and also give Gerstner the financial legroom he needs to move forward in rebuilding the company. With three outside board members resigning and IBM Vice Chmn Jack K. Kuehler retiring, analysts are also interested in whom the remaining members name to replace them.

Prepackaged software, Finance, International Business Machines Corp., IBM, Dividends, Chief executive officers, Plant shutdowns, Forecasting, Cost control, Management Style, Cost Reduction, Board of Directors, Losses, Second Quarter

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