Although the future of IBM Corp is of vital importance to 300,000 surviving employees, hundreds of subcontractors, scores of business partners, countless customers and millions of people whose pensions and insurance policies depend in at least a small part on the performance of the shares, the company seems to believe that its corporate is nobody’s […]
Although the future of IBM Corp is of vital importance to 300,000 surviving employees, hundreds of subcontractors, scores of business partners, countless customers and millions of people whose pensions and insurance policies depend in at least a small part on the performance of the shares, the company seems to believe that its corporate is nobody’s business but its own: reminding us that the California Public Employees Pension System is getting into gear for a concerted effort to get changes at the company to enhance shareholder value, the Financial Times reports that the company refuses to comment on reports that the Californian trust is seeking a meeting with the IBM non-executive directors – which would imply that it was seeking a shake-up at the top, or to confirm that an emergency board meeting has been called for tomorrow; meantime the shares hover at a 10-year low.
