Where is Lou Gerstner today?

Currently, Gerstner is the chairman of the board of directors of the Broad Institute of MIT and Harvard and chairman of the board of the Gerstner Sloan Kettering Graduate School of Biomedical Sciences.

Who saved IBM?

CEO Louis V. Gerstner
Former IBM CEO Louis V. Gerstner, who is widely credited for rescuing the technology titan from its downward spiral in the early 1990s, said that the Internet literally saved IBM by giving it a new market to conquer.

How did Lou Gerstner save IBM?

For Gerstner, the first order of business was making the company solvent. Under his guidance, IBM cut billions in expenses (partly through massive layoffs) and raised cash by selling assets. Gerstner says that few people even understood how perilously close the firm was to running out of cash.

When was Gerstner CEO of IBM?

Lou Gerstner, in full Louis Vincent Gerstner, Jr., (born March 1, 1942, Mineola, New York, U.S.), American businessman best known for the pivotal role he played in revitalizing the ailing IBM in the mid-1990s; he served as CEO of the company from 1993 to 2002.

Where is Brad Gerstner From?

Indiana
Brad grew up in Indiana where he served a term as Deputy Secretary of State. He graduated summa cum laude from Wabash College with degrees in Political Science and Economics. He received his JD from the Indiana University School of Law and MBA from Harvard Business School.

Is IBM still alive?

IBM was founded in 1911 in Endicott, New York, as the Computing-Tabulating-Recording Company (CTR) and was renamed “International Business Machines” in 1924. IBM is incorporated in New York and has operations in over 170 countries.

Why did IBM fail?

IBM chief executives were too inbred, too steeped in the arrogance of success, and too certain of their own judgment in a time of challenge. IBM’s culture contributed greatly to each shortcoming. Most of these failures were avoidable.

When did Gerstner leave IBM?

March 2002
Gerstner stepped down as CEO of IBM in March 2002. At the end of this year, he will vacate his post as chairman.

How did Lou Gerstner turn IBM around?

Gerstner believed that the key to fixing IBM’s problem was “All about execution”. Gerstner decided to analyze the behavior of company’s employees and customers and apply his own interpretation of the company’s inherent strength. In doing so he turned the business of IBM around from the brink of bankruptcy.

How did Brad Gerstner make his money?

Brad Gerstner has been dubbed the “online travel king” by Bloomberg in recognition of his many successful internet-related travel investments, including Booking Holdings Inc. (NASDAQ:BKNG), Uber Technologies, Inc. (NYSE:UBER) and Expedia Group, Inc.

Who is Brad Gerstner?

Brad is the Founder and CEO of Altimeter Capital – an internet, software, and travel focused investment firm founded in 2008 and located in Silicon Valley and Boston.

Where did IBM go wrong?

In the 1980s, IBM’s profit margins suffered a steep decline. Because the company’s costs remained level, profits dropped. Critics of the company have widely attributed IBM’s decline to two factors. During this period, IBM became a follower of technological development, more so than in the past.