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Topic: Louis Gerstner


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In the News (Mon 16 Nov 09)

  
  Louis V. Gerstner, Jr. - Wikipedia, the free encyclopedia
Gerstner reversed this plan, realizing from his experiences at RJR and American Express that there remained a vital marketplace need for a broad-based information technology integrator.
In his biography, Gerstner described the turnaround as difficult and often wrenching for an IBM culture that had become insular and Balkanized.
Layoffs and other tough management measures continued in the first two years of Gerstner's tenure, but the company was saved, and business success has continued to grow steadily since then, although the company is no longer deemed the employer of choice that it once was.
en.wikipedia.org /wiki/Louis_V._Gerstner,_Jr.   (347 words)

  
 Louis - Wikipedia, the free encyclopedia
Louis Quatorze - 1848 -Designating the style of architecture, interior decoration, and furniture which characterized the period of Louis XIV in France (1643-1715), marked by baroque architectural forms and ornate and grandiose decorative treatment employing animal and mythological forms richly carved.
Louis Quinze - 1855 -Designating the style of architecture, interior decoration, and furniture which characterized the period of Louis XV (1715-74), marked by the culmination of the rococo as expressed in flowing lines, rounded forms, and gracefully shell, flower, and other ornaments.
Louis Seize - 1882 Designating the style of architecture, interior decoration, and furniture which characterized the period of Louis XVI (1774-1793): a reaction against the Louis Quinze period, marked by simple, rectilinear forms, using symmetrical Greco-Roman wreaths, birds, etc., as ornaments, or Greek egg-and-anchor or leaf motifs, achieving a plain internal decoration.
en.wikipedia.org /wiki/Louis   (371 words)

  
 IBM Press room - Louis V. Gerstner, Jr., Former IBM CEO - United States   (Site not responding. Last check: 2007-10-25)
Gerstner served for four years as chairman and chief executive officer of RJR Nabisco, Inc. This was preceded by an 11-year career at American Express Company, where he was president of the parent company and chairman and CEO of its largest subsidiary, American Express Travel Related Services Company.
Gerstner is a director of Bristol-Myers Squibb Co. and a member of the advisory boards of DaimlerChrysler and Sony Corporation.
Gerstner was awarded the designation of honorary Knight of the British Empire by Queen Elizabeth II in June 2001.
www.ibm.com /lvg   (458 words)

  
 The Carlyle Group : Bio : Louis V. Gerstner, Jr.
Gerstner was Chairman of the Board of IBM Corporation from April 1993 until his retirement in December 2002.
Gerstner served for four years as Chairman and Chief Executive Officer of RJR Nabisco, Inc. This was preceded by an 11-year career at American Express Company, where he was President of the parent company and Chairman and Chief Executive Officer of its largest subsidiary, American Express Travel Related Services Company.
Gerstner is a member of the advisory board of Sony Corporation and a director of the National Committee on United States-China Relations.
www.thecarlylegroup.com /eng/team/l5-team861.html   (472 words)

  
 IBM Archives: Louis V. Gerstner, Jr.
Louis V. Gerstner, Jr., was named chairman and chief executive officer of IBM on April 1, 1993.
Gerstner is a member of the Board of Overseers of the Annenberg Institute for School Reform at Brown University.
Gerstner will be succeeded as chief executive officer by Samuel J. Palmisano on March 1, 2002, and will serve as chairman of IBM through the end of 2002.
www-03.ibm.com /ibm/history/exhibits/chairmen/chairmen_9.html   (340 words)

  
 CRN | Louis Gerstner, Chairman & CEO,
Gerstner is widely regarded as the person responsible for not only turning around the computer giant financially but also transforming it into a highly profitable services leader that has thrived in spite of the economic downturn of 2001.
Gerstner became chairman and CEO of IBM on April 1, 1993, a year in which the company lost $8.1 billion on $62.7 billion in revenue.
Public appearances by Gerstner have been so infrequent that he remains something of an enigma, even on the eve of his retirement, which is expected next spring when his contract expires.
www.crn.com /sections/special/top25/top25_01.jhtml;jsessionid=YN3BKA2MNKC1AQSNDBCSKH0CJUMEKJVN?articleId=18827440&_requestid=174758   (1207 words)

  
 Gerstner to Step Down
Gerstner's move was widely foreseen within the company and the computer business, as was the decision by the I.B.M. board today to name Samuel J. Palmisano, the president, as the new chief executive.
Gerstner turns 60 on March 1, and he had told colleagues he was aiming for that date, with the final word coming at the board meeting today at company headquarters here.
Gerstner wrote with the sort of candor that has been a hallmark of his leadership style at I.B.M. "There is no rule or age limit that requires me to do this now," he added.
homepage.mac.com /bobembry/studio/biz/conceptual_resources/vp/gerstner_leaving_ibm.html   (1130 words)

  
 Louis V. Gerstner " Mr. Big Blue"
Louis V. Gerstner is the Current CEO of one of the top ten fortune 500 companies, IBM.
Louis V. Gerstner's outstanding management techniques are exemplified in nearly all of the models studied in this course.
Gerstner's plan was to think quick and stop the land sliding company from hitting rock bottom and declaring bankruptcy by means of radical managerial focuses.
oak.cats.ohiou.edu /~mm188699/esp/memo2.html   (467 words)

  
 IBM CEO Gerstner Warns Execs On Privacy Issues   (Site not responding. Last check: 2007-10-25)
Gerstner's talk served as a bridge between the conference's morning and afternoon sessions, which dealt with the impact of the Internet and other technological innovations on the US economy.
Gerstner said indications are that the new "e-markets" may mediate as much as 30 to 40 percent of all transactions within the next five years.
Gerstner said one of the key tasks facing him and his business colleagues will be to provide leadership in formulating public policy for this new territory, especially in regard to privacy and security.
www.bc.edu /bc_org/rvp/pubaf/chronicle/v8/mr16/gerstner.html   (380 words)

  
 Louis V. Gerstner Jr. 1942— - AMERICAN EXPRESS, FROM CREDIT CARDS TO TOBACCO
Gerstner conceded that his two biggest mistakes were misjudging the networking market that was ultimately dominated by Cisco Systems and missing the trend of selling personal computers directly to customers, a practice pioneered and mastered by Dell.
Gerstner resigned as chief executive officer of IBM in March 2002 and as chairman in December 2002.
Gerstner said IBM was better off than industry peers who were swept away by "tech mania." IBM responded to the e-business and network revolution, but Gerstner said his company resisted the temptation to totally revamp its corporation.
referenceforbusiness.com /biography/F-L/Gerstner-Louis-V-Jr-1942.html   (2600 words)

  
 Headlines - View from the Top: Louis Gerstner, IBM - Stanford GSB
Gerstner, one of the country's top change-artists, spent considerable time describing how culture — not the product nor the manufacturing process — is the most important element in an enterprise.
Gerstner agreed, but said you can tell employees that if they don't support change, the company they work for won't exist.
Gerstner had convinced the highly intellectual, individualistic, $80 billion working culture at IBM to work as a team.
www.gsb.stanford.edu /news/headlines/vftt_gerstner.shtml   (640 words)

  
 "Cookie salesman" Gerstner transformed IBM
Gerstner on Tuesday said he would step down as chief executive of Big Blue in March, when his contract expires and he turns 60, handing the reins over to chief operating officer Sam Palmisano.
Gerstner moved to IBM from food and tobacco company RJR Nabisco, a source of ridicule for many critics and for analysts who questioned whether he understood technology.
Gerstner leaves behind a profitable company with some $86 billion in sales, and he has had at least the latest laugh in the dot-com saga.
www.ciol.com /content/news/makers/102013001.asp?nl=ctmp-Feb2   (678 words)

  
 Lou Gerstner’s Turnaround Tales at IBM - Knowledge@Wharton
Gerstner happily quotes the doom-laden predictions about IBM’s future that were prevalent when he took over as CEO in 1993, a year the company posted an $8 billion loss, and IBM shares that had sold for $43 in 1987 could be had for $12.
Gerstner got a lot of publicity for abolishing IBM’s famous white shirt and tie dress code, but that was the least of his change-the-culture efforts.
Gerstner, who stepped down as CEO in March and retires as chairman of the board in January, says he was lucky at IBM because, despite its insular culture, the place was rich with creative talent that only needed to be set loose.
knowledge.wharton.upenn.edu /index.cfm?fa=viewfeature&id=695   (1409 words)

  
 The Carlyle Group Names Louis V. Gerstner, Jr. Chairman
Gerstner said, “Carlyle is a world-class firm with an outstanding record of achievement -- a record built on a strong, global business base and a team of creative, focused professionals.
Gerstner, 60, is widely credited with transforming IBM into a customer-focused global enterprise dedicated to leadership in services and technology.
Gerstner is a member of the National Academy of Engineering, a Fellow of the American Academy of Arts and Sciences, and has been awarded honorary doctorates from Boston College, Brown University, Notre Dame University, Rensselaer Polytechnic Institute, and Wake Forest University.
www.thecarlylegroup.com /eng/news/l5-news693.html   (708 words)

  
 Louis Gerstner Jr
Louis V. Gerstner, Jr., was named chairman and chief executive officer of International Business Machines Corporation on April 1, 1993.
Gerstner is a director of Bristol-Myers Squibb Co. and Memorial Sloan-Kettering Cancer Center.
Gerstner is co-author of Reinventing Education: Entrepreneurship in America's Public Schools (Dutton 1994).
www.surferess.com /CEO/html/louis_gerstner_jr.html   (421 words)

  
 Alumni Achievement Awards
When Gerstner arrived, he found an organization that was, in some respects, a victim of its own success.
Despite the significance of these moves, one of Gerstner's biggest challenges was reforming a hierarchical, bureaucratic culture that fostered competing fiefdoms in the corporation.
In addition to serving as chairman of The Carlyle Group, a global private equity firm with nearly $30 billion under management, Gerstner is founder and chairman of The Teaching Commission, a nonprofit organization that seeks to change how public school teachers are trained and compensated.
www.alumni.hbs.edu /news_events/alumni_achievement/2005_gerstner.html   (968 words)

  
 TIME Digital -- Digital 50 - LOUIS V. GERSTNER JR.
Gerstner delivered a 21% increase in global services revenue for 1998 and an additional 19% jump ($15.5 billion) in this year's first half.
And the stock, up 1,200% since Gerstner took the reins in 1993, has never been stronger.
The storm that's arriving--the real disturbance in the force--is when thousands of institutions seize the power of global computing and communications infrastructure and use it to transform themselves.
www.time.com /time/digital/digital50/18.html   (232 words)

  
 IBM CEO Gerstner knighted   (Site not responding. Last check: 2007-10-25)
Gerstner was named over the weekend on a list of honorees released to coincide with the birthday of Britain's Queen Elizabeth II.
Gerstner is the only non-British citizen to receive a the coveted knighthood this year.
Gerstner is widely credited for steering a money-losing IBM's to profitability after assuming the company's helm in 1993.
www.usatoday.com /tech/news/2001-06-19-gerstner-knighted.htm   (288 words)

  
 Louis V. Gerstner - 20/20 HONOREES - CIO Magazine Oct 1,2002   (Site not responding. Last check: 2007-10-25)
Gerstner arrived to take the CEO position on April Fools' Day 1993, having previously served as chairman and CEO of RJR Nabisco and president of American Express.
In June 2001, Lou Gerstner was awarded an honorary knighthood by Queen Elizabeth II.
Gerstner, a U.S. citizen, was personally involved with IBM's Reinventing Education grant program, a partnership between IBM and the U.K. Department of Education.
www.cio.com /archive/100102/honoree_dev_gerstner.html?printversion=yes   (387 words)

  
 Washington Speakers Bureau
Eschewing a traditional format, Lou Gerstner invites audiences to participate in a discussion about the most pressing business issues your organization currently faces, providing candid insight from his three decades of experience as one of the most successful and effective CEOs in modern times.
When Gerstner arrived at IBM in the spring of 1993, he discovered a company sliding rapidly into financial ruin, a hidebound culture, and a demoralized workforce.
Gerstner weighs in on the challenges of today’s business environment and offers advice based on his experience.
www.washspkrs.com /speakers/for_print.cfm?SpeakerId=2738   (344 words)

  
 ITworld.com - Gerstner says Internet saved IBM
Gerstner, who was in Boston promoting his new book "Who Says Elephants Can't Dance?", said that after IBM lost the race to dominate the desktop PC market the company needed a "moon shot" to gather around or it faced crumbling apart.
Gerstner was named CEO of IBM in 1993 after he turned down the job three times.
At IBM, Gerstner set about changing the culture by shifting the compensation plan, making managers' pay primarily based on the overall company's performance and not just that of their division, changing the dress code and unifying the company's marketing and advertising campaigns.
www.itworld.com /Tech/2325/021121gerstner   (641 words)

  
 Louis Gerstner's speech on privacy policy -- April 27, 2000
The Council is asking members and state lawmakers to consider a recent speech on privacy by Louis Gerstner, chairman and CEO of IBM, in ongoing discussions of privacy issues.
In it, Gerstner argues that the networked world demands a self-regulatory framework that is open, market-driven, and cooperative.
Gerstner’s remarks represent one of the most thought-provoking discussions we have seen,” Walsh wrote.
www.bcnys.org /whatsnew/2000/0427prvc.htm   (193 words)

  
 Gerstner moves to Cambridge Univ. from IBM
Louis Gerstner, the present IBM Chairman has said he will do what he likes the best after he retires from IBM this year-end.
Gerstner returned IBM to profits in 1993, and was known for producing quarter after quarter of earnings growth that often outpaced the industry at large, and even its own sales gains.
Gerstner also defended his $27 million compensation package in 2001, saying compensation is performance driven at IBM.
www.ciol.com /content/news/repts/102110902.asp   (451 words)

  
 Louis V. Gerstner Jr.
But there is Gerstner, the former McKinsey & Co. consultant who had pushed credit cards and cigarettes for most of his career, delivering a contrarian speech at the annual COMDEX computer industry trade show.
Instead, Gerstner sees big money in his company's traditional customer base--the thousands of companies that have yet to tap the Internet and transform their businesses.
He was ahead of many in the computer industry--including software mogul William H. Gates III of Microsoft Corp. One of Gerstner's key moves was to shift 25% of the company's research and development budget into projects that fall under the rubric of so-called network centric computing.
www.businessweek.com /@@jySm@GQQQJYnHQcA/1999/99_39/b3648038.htm   (417 words)

  
 Gerstner
LOUIS V. Today, because of the rapid advances taking place in basic science, the underlying causes of vision disorders are better understood and the ability to develop new treatments for them is increasing.
The Gerstner Center will help guarantee that clinical research in the Department of Ophthalmology is in full accord with government, institutional and hospital guidelines.
Community physicians without access to such costly technology will be able to refer their patients to the Gerstner Center for advanced care and will receive an analysis of the results quickly via the Center's computerized information systems.
cpmcnet.columbia.edu /dept/eye/research/re_gerstner.html   (296 words)

  
 Read
One of Gerstner's shrewdest moves was selling off the global network that IBM had built to deliver data.
In Elephants, Gerstner also writes of his effort to pare back IBM's "paternalistic benefits structure." The company's pension system "was geared to the company's prior commitment to lifelong employment," he writes.
And Gerstner, who was so influential in forging a new culture at IBM in the 1990s, had to know that the company was pushing the envelope.
www.slate.com /toolbar.aspx?action=read&id=2083968   (853 words)

  
 The Teaching Commission   (Site not responding. Last check: 2007-10-25)
Louis V. Gerstner, Jr., former Chairman and CEO of IBM, founded and chairs the Teaching Commission.
Louis V. Gerstner, Jr., is the chairman of The Teaching Commission.
Gerstner received a bachelor's degree in engineering from Dartmouth College and an MBA from Harvard University.
www.theteachingcommission.org /about/who.html   (2324 words)

  
 Barnes & Noble.com - Who Says Elephants Can't Dance?: Inside IBM's Historic Turnaround - Louis V. ...
Gerstner (Reinventing Education) tells the inside story of his nine-year reign as CEO of IBM during the company's unprecedented time of crisis and his successful effort to turn around the pending demise.
When Lou Gerstner took the helm of IBM as its CEO in 1993, the company was a shambles — hemorrhaging money, drained by an insular corporate culture, and rapidly falling prey to smaller companies that could make the same products better, faster and for less money.
Gerstner announced a program called "Operation Bear Hug." Each of the 50 members of senior management would, within three months, pay a personal visit to a minimum of five of IBM's biggest customers, find out first-hand what their needs and concerns were, and report back to Gerstner.
search.barnesandnoble.com /booksearch/isbnInquiry.asp?userid=gW4BJ5WBvF&isbn=0060523808&itm=1   (2411 words)

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