Arrested IBM Exec Goes MIA On the Web
theodp writes "Among those charged in the largest hedge-fund insider trading case in US history was IBM Sr. VP Robert W. Moffat, the heir apparent to IBM CEO Sam Palmisano and the guy behind Big Blue's 'workforce rebalancing' and the sale of IBM's PC unit to Lenovo. IBM's not talking about the incident, but it's interesting that Moffat's bio is MIA at IBM.com ('Biography you tried to access does not exist.'), and his Smarter Planet video can no longer be found ('This video has been removed by the user.') at IBM's YouTube Channel. Do you need approval from the Feds before tidying up after someone who's under investigation? BTW, if stories and comments appearing in the Times Herald-Record and Poughkeepsie Journal are any indication, Moffat may want to avoid a local jury trial. 'I have talked to a few IBMers today, and there seems to be a lot of cheering in the halls of IBM over his arrest,' said Lee Conrad of Alliance@IBM."
Prison rape isn't funny.
I just want to testify to the anger towards IBM in the Hudson Valley. IBM has moved from being a socially responsible organization towards being a profit driven company. During the process a lot of people have gotten hurt. People who invested their lives working for IBM lost their pensions. They went from being a massive economic presence and benefactor to being a fading sun. If this guy was one of the reasons for the move towards a new cutthroat IBM then good riddance.
Anytime such grandiose outsourcing and/or workforce cutting schemes are created, you can suspect that a psychopathic suit just got an idea how to look busy and useful.
"The agriculture ministry is not in charge of Gundam" - Japanese ministry official.
No what's funny is that a nation which is already joking about his prison rape before he's even been found guilty runs around the world trying to impose their view of human rights on everyone else.
=~ s,(.*),<sarcasm>$1</sarcasm>,g if any_point_you_wish();
Cost is part of the calculation, Mr. Moffat noted, but typically not the most important consideration. "People who say this is simply labor arbitrage don't get it," he said. "It's mostly about skills."
You know, I keep hearing that, but I have yet to see any proof. And if you walk into any American CS program, you'll see plenty of American students as well as foreign ones. What I'm saying is that there are plenty of qualified US students coming out of US universities and there are plenty of qualified US citizens to do any IT job. If you find that not to be your experience, I'd like to point out a few issues your organization may have:
In other words, I am very skeptical of anyone who says they can't get qualified people - especially in this economy.
It's NOT me! It's the meds! I'm on 1000mg of Fukitol.
Worked for 23+ years at IBM Greenock Personal Systems Manufacturing, then they sold us off to Sanmina - SCI who closed us down less than 2 years later. Always remember Moffat's speech to those being jetissoned about how we were all like his children and how you have to let go of your children if they are to grow and realise their true potential. Patronising c**t..... More like hiring Jeffrey Dahmer as a babysitter. Am organising a reunion of my old department to celebrate.
I say this as an American: we've become barbarians. We torture people. We incarcerate more people, both in absolute terms and on a per capita basis, than any other nation in the world, and think it's okay to gang-rape 1% of our population. Our wealth is distributed like that of a banana republic. We're stupid, vapid, and like a feral child, we snarl and bite when someone tries to help us. America really is the sick man of the world, and personally, I'm about ready to give up and pronounce the disease incurable. We can argue about causes and solutions, but you can't deny that we're in a steep decline. As George Orwell write,
That's so textbook corporate psychopathy. When will people learn?
After they're caught.
At which time they will wax sympathetic, not admit any guilt and promise not to do it again.
All the while crossing their toes.
When a culture celebrates and rewards parasitic behavior, it's no wonder the psycho's are winning.
***How much time will the billionaire serve do you suppose? I predict he "affords" his justice and walks. Worst case, no admission of wrongdoing and 18 months of "hard" club-fed time for perjury or jaywalking.
Imagination drew in bold strokes, instantly serving hopes and fears, while knowledge advanced by slow increments...
As a person who still remembers (late stages of) communism, those fat & lazy corporations resemble old (long dead) industry in communist states. So many things look exactly the same. High rank executives chasing phantom "results" just to get their bonuses, causing so much mayhem in the process. Middle rank managers who are interested in just blindly executing orders from their bosses and have to be clueless crooks to succeed, low level worker drones interested in setting up another "Q&A cell" to do some paperwork or being a salesman without any responsibility instead of doing something real.
For me, the main distinction between capitalism and communism (corporatism) is ownership. In capitalism the owner runs the business and risks its own property in the process - thus the owner is interested in well-being in the long run. In communism (or corporatism) the communist comisar (corporate executive) runs business that does not belong to him, does not risk anything and is interested in skimming some of it via bonus (for posting cooked results) or some form of fraud.
Using ownership distinction it is easy to explain why some corporations (Google, even Microsoft) are doing well (and have clean vision) while others (pre-Gerstner IBM, HP after Compaq merge) have no vision except next quarter results. Apple is a blatant example - founded by Jobs & co, then taken over by some classic corporate drones (and nearly killed in the process), then taken back by Jobs and regained all its shine (and some more). This also explains why large corporations like to merge creating larger (more poorly managed) ones - the larger (and less transparent), the more occasions for upper management to steal something.