What Could IBM Do Instead Of Spending $12.2 Billion On Shares?
October 31, 2011 Timothy Prickett Morgan
Just ahead of naming Ginni Rometty the president and chief executive officer of IBM effective January 1, the board of directors of the company got down to a little traditional business, hiring a new board member and allocating funds for Big Blue to keep trotting down to Wall Street to buy back billions of dollars of its shares. The new board member is David Farr, who is chairman and CEO of Emerson Electric, a manufacturer of air conditioners and commercial power and cooling systems, among other things, that also happens to be a big player in the data center racket |