Greed, Scandal, and Lies are All Part of Massive Us Layoffs and Restructuring at Ibm
Some may think IBM is known for its sterling business ethics and character. Many older people might remember the Watson family whose motto was, “respect for the individual”. Well much as Virginia Slims ads used to say, “You’ve come a long way baby.” IBM’s tag line should be you have fallen a long way baby.
It was not bad enough that Moffat is outsourcing US jobs at record levels out of the country and treating the employee like chattel but things are far worse than that.
People are forced out due to their age; EEOC is protecting the employer, with little recourse for the employee. Sam Palmisano can not make his top line revenue (sales) targets so he is squeezing every dime out of the expense side of the business by giving employment to those who will work cheapest. IBM is becoming a worldwide sweat shop so Sam Palmisano and other top executives can get their performance pay. The most recent financial numbers from a week ago prove that.
Well that leads into what this article is about Bob Moffatt the poster boy for greed and scandal. The FBI describes Moffat as an IBM senior VP executive who secured insider trading information on IBM business partners and other computer companies , such as Sun Microsystems, Advanced Micro Devices and Akamai, and gave that information to a Danielle Chiesi, an executive of New Castle Ventures.
IBM is not standing behind their 30 year veteran; they have removed him from the IBM website and replaced him in his position. Moffat a frequent world travel was taken from his home as he was consider a flight risk and his passport is in the hands of the FBI.
The FBI had been watching Moffat’s activities for quite some time. Moffat interesting enough, was one of the grand architects of the send the jobs out of the county strategy. What a swell guy, Moffatt appears to be totally without any morals that guide him except the motive of greed.
Yet President Obama has invited Sammy P to Washington to help him figure out how to get more jobs for the US and fix the economy. Does Obama have even the basics of an economic background? Does his staff not read about IBM’s layoffs to employ people in under-developed nations where they work for $.20 on the dollar? Obama is ignoring unemployment because his focus in on health-care. Guess he says let ‘em eat cake.
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4 Comments
Smart article and well-written. Keep up the good work.
Other Comments on this article are welcome.
Great points, I’d post this to my facebook and share but you have a few grammatical and spelling errors. Do us all a favor and correct please so any new reader will take this article more seriously. Thanks
I liked the “let them eat cake” comment. I’ve been telling my neighbors for the past year that if I can’t find work in IT, I can certainly learn to build guillotines.