When Peter E. Greulich started his research on Tom Watson and IBM in 2011, he saw this entry in the IBM Annual Reports: "The Watson Fund for Supplementing the IBM Retirement Plan." He, of course, thought it was money set aside for Tom Watson's retirement. Isn't that what most 21st Century Chief Executives would and have done? There isn't a day that goes by that I don't think of how IBM's corner office has changed in this new century. That which one exemplary 20th Century chief executive made possible for his employees, three 21st Century chief executives—two men and one woman—have exploited to pump up profits and earnings per share for personal gain.
This is not a problem with the system of capitalism. It is a problem with the internal moral character of IBM's leadership. Peter E. Greulich
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Peter E. GreulichPete has been studying IBM and early American corporate history since his retirement in 2011. These are his thoughts and musings, and of those whose biographies he has read with links to articles and book reviews on this website. Archives
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