CLUE # 13 – This tight-wad business thought itself benevolent when it bestowed chump-change $1000 stock incentives/bribes, which actually serve to placate and sedate its too trusting worldwide employees.
CLUE #14 – This savvy CFO of a giant corporation, possesses the Midas Touch, a never failing Rabbit’s foot, and a patented Crystal Ball, permitting him to mysteriously and consistently sell his stock shares at the top of the market. What a man !
ANSWER – Who is Mark Loughridge, IBM CFO ? See Clue # 2.
CLUE #15 – This big name CEO is a favorite son of John Hopkins University.
CLUE #19 – The investors of this DJIA monolith should sleep with 1 eye open.
ANSWER – What is IBM ?
CLUE #20 – The competitors of this gigantic global heavy weight will cheer in the hall ways , upon the release of IBM: THE WIDOW MAKER by Madame P J Bailey !!!
ANSWER – What is IBM ?
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EXCERPT # 5 Posted MARCH 23, 2011
IBM PRISON POETRY & A FABLE
IBM: The Widow Maker has undergone at least a dozen metamorphoses since its inception. In the beginning I had tunnel vision. I was completely absorbed on how a heartless corporation, IBM, had such a lock down over the New York State legal system that a small fish like me hardly stood a chance. IBM controlled all four Aces and the two Big Jokers once it bought out my attorneys, The Gray Hats. “If The Gray Hat Fits, Quit Wearing It !”, was my attempt to fashion a solution to a grave injustice. (This fable is reprinted in its entirety at the end of this Excerpt.)
But as I continually did research to determine what made IBM tick, my focus broadened. Even so, never in my wildest dream did I envision that IBM’s heir apparent, Sr. VP Robert (“Blabber Mouth”) Moffat, would come to cool his heels in federal prison. You can’t make this stuff up !
“How the mighty have fallen …” 2 Samuel 1:25
And I will not be in shock if the outcome of the IBM Devon IT PONZI RICO trial provides some more IBM Execs with free room and board at taxpayers’ expense !!!
“Power tends to corrupt, and absolute power corrupts absolutely.” Lord Acton
During the middle phase of writing this book, poetry became my frustration relief valve. I wrote little ditties to entertain myself. Then I realized that the poems may serve a larger purpose. I entitled them “IBM Prison Poetry: Madoff Move Over”. Scattered throughout this web site are samples from that volume of poetry: 1. IBM’s Ball Game 2. Little Ms. Tough-It 3. IBM’s Palmisano Dance 4. IBM’s Big Sam Prances To The Bank
IF THE GRAY HAT FITS, QUIT WEARING IT !
* * * REQUIRED MEMORIZATION FOR ALL LAW SCHOOL STUDENTS * * *
BY MADAME P J BAILEY COPYRIGHT 2004 Once upon a time, not so long ago, and not so far away, there was a group of dedicated, sincere, hard working, diligent lawyers who struggled long, long years without pay. They are called the WHITE-HAT-WEARERS. The WHITE-HAT-WEARERS' goal was to expose the evil deeds of some bad, bad guys called the BLACK-HAT-WEARERS. The BLACK-HAT-WEARERS were responsible for years and years of wrongs done to a great crowd of individuals. In the course of time, the relentless efforts of the WHITE-HAT-WEARERS forced the BLACK-HAT-WEARERS to their knees, and the WHITE-HAT-WEARERS ordered the BLACK-HAT-WEARERS to "Pay up, or else..." ! The BLACK-HAT-WEARERS looked up and saw the great throng of unhappy, worthy, waiting, watching individuals, called CLASS-PLAINTIFFS. The BLACK-HAT-WEARERS knew the deal was up and offered to pay huge sums of "undisclosed amounts" called SETTLEMENTS, but to only a very few of the great throng of unhappy, worthy, waiting, watching individuals, called CLASS-PLAINTIFFS. And the WHITE-HAT-WEARERS also got their just deserves, call CONTINGENCY-FEES. (You do the math.) But that's where the winding, bumpy road takes an ugly, downward turn. There still remained a great throng of unhappy, worthy, waiting, watching individuals, called CLASS-PLAINTIFFS who also had been harmed by the BLACK-HAT-WEARERS, and were yet uncompensated by SETTLEMENTS. The problem was that the WHITE-HAT-WEARERS now were wealthy enough to buy a new set of hats in varying shades of GRAY. Plus, the former WHITE-HAT-WEARERS' stomachs and wallets were over stuffed, causing them to slow down to a snail's pace. A few of the former WHITE-HAT-WEARERS stopped moving at all. They became permanent charcoal GRAY-HAT-WEARERS, and started to let their answering services take messages from the great throng of unhappy, worthy, waiting, watching individuals, called CLASS-PLAINTIFFS. Some of the GRAY-HAT-WEARERS began to view the great throng of unhappy, worthy, waiting, watching individuals, called CLASS-PLAINTIFFS, as expendable, unneeded, irritants, and nuisances. The remaining GRAY-HAT-WEARERS adopted the role of presenting chump-change, take-it-or-leave-it unsettling SETTLEMENT offers doled out from the BLACK-HAT-WEARERS. Those GRAY-HAT-WEARERS' frequently heard mantra became: "If I were you I'd take this offer and run with it. It doesn't get better than this." (Talk about verse #2 of the song that never ends...Repeat it 3X with a rhythm and you'll get the hang of it.) Anyway, many of the great throng of unhappy, worthy, waiting, watching individuals, called CLASS-PLAINTIFFS were so frustrated and distraught that they gave up and lost all faith in the legal system as a means to address grievances and wrongs. You see, the great throng of unhappy, worthy, waiting, watching individuals, called CLASS-PLAINTIFFS never trusted BLACK-HAT-WEARERS to start with, but they had let down their guard and had started to grow fond of WHITE-HAT-WEARERS. (Boo-Hoo.) But now the great throng of unhappy, worthy, waiting, watching individuals, called CLASS-PLAINTIFFS told their friends, family, and anyone else who would listen that no WHITE-HAT-WEARERS were to be trusted either because when WHITE-HAT-WEARERS get fat wallets and full stomachs, they start to wear all shades of GRAY-HATS. And worse that that, when some GRAY-HAT-WEARERS get their gold watches, they will not even give the great throng of unhappy, worthy, waiting, watching individuals, called CLASS-PLAINTIFFS, the time of day !!! Shame on them. But one individual emerged from the great throng of unhappy, worthy, waiting, watching individuals, called CLASS-PLAINTIFFS and declared: "This must not continue. For the sake of future great throng of unhappy, worthy, waiting, watching individuals, called CLASS-PLAINTIFFS, this wrong too must be addressed." This individual then offered the following remedy: Until the WHITE-HAT-WEARERS see to it that all of the cooperating members of the great throng of unhappy, worthy, waiting, watching individuals, called CLASS-PLAINTIFFS are compensated by the BLACK-HAT-WEARERS, the courts will hold the CONTINGENCY FEES of the WHITE-HAT-WEARERS. The courts will allow only the interim reimbursement of reasonable and well-documented litigation related expenses. And in the course of time, this rule, or code, or canon was enacted and practiced all throughout the land. Neither the WHITE-HAT-WEARERS, or the BLACK-HAT-WEARERS, or the GRAY-HAT-WEARERS were very pleased. But the great throng of worthy, waiting, watching individuals, called CLASS-PLAINTIFFS was exuberant !!! They insisted on calling this new rule, or code, or canon "The Bailey Principle". Really, they insisted. And so the great throng of worthy, waiting, watching individuals, called CLASS-PLAINTIFFS lived happily ever after, or something like.
§ § § § §
EXCERPT # 6 Posted APRIL 18, 2011
IBM’S PENDING DOOM - FEDERAL JUDGE TELLS IBM: “NOT SO FAST !”
Hot off the press - The bottom has fallen out at IBM !
It does not get worse than this !!!
Maybe IBM Watson will “predict” the outcome !
IBM Sr. VP Robert “Blabber Mouth” Moffat was once within grasp of becoming the next CEO at IBM. But alas, it was not to be so. Instead he got to “chill” in the Federal pen in Brooklyn.
“Blabber Mouth” should now shiver at the prospects that one or more of the Defendants in the IBM PONZI RICO trial now gearing up in Pennsylvania, may sell him out, resulting in his prison term Number 2 !!! There may even lurk some enterprising IBM Whistleblower who decides to cash in by providing key info to the FBI, DOJ, SEC, IRS !
Excerpt - “Defendants engaged in the Ponzi scheme outlined above for their own personal benefit, to increase reported revenue in STG, in which the RICO Defendants work. At relevant times during 2008 and until February 2009, these individuals were under the formal direction and control of former Senior Vice President, Robert Moffat (“Moffat”). Moffat served at Senior Vice President and Group Executive, Systems and Technology Group at IBM, during 2008 and early 2009.”
U.S. Federal District Judge Joel Slomsky fully agrees in his March 31, 2011 opinion:
Excerpt - “Here, Plaintiffs allege in the Complaint that the Individual Defendants were acting under direction of a Senior Vice President at IBM [Robert “Blabber Mouth“ Moffat], who had been indicted and pled guilty to securities fraud in connection with his position at IBM. In addition, the Complaint states that Defendants have executed this investment scheme on other companies as well. Given these facts and the extensive time period and the large amount of money involved, there is a factual basis to infer at this stage that Defendant IBM, with the exercise of ordinary care, should have known of the alleged propensity for misconduct by Individual Defendants.”
This real clincher is whether the DJIA & IBM CEO, Samuel J. “Big Sam” Palmisano, will escape unscathed by this scandal ???
“For when they shall say, Peace and safety; then sudden destruction cometh upon them…” I Thessalonians 5:3