“IBM’S BALL GAME”
(Sing lustily to the popular tune.)
By Madame P J Bailey
[Permission is hereby granted for newspapers and magazines to reprint this poem, with proper acknowledgement.]
Big Sam has rigged the ball game.
Big Sam has tricked the crowds.
Big Sam cashed options and stock awards;
Big Sam couldn’t care if the Dow Jones does fall !
Big Sam routes, routes, routes for retirement,
“A market crash ? What a shame ?”
Public - 1, 2, 3 strikes, you Chumps,
There’s more going on at IBM than the rent !
Will Samuel (“Big Sam”) J. Palmisano, be the last man standing, or the first to fall ? IBM execs must love paying the IRS taxes, since they have been dumping stocks like it was fire sale ! Sales and options April 2008 - February 19, 2010 (nearest million) --
Samuel (“Big Sam”) J. Palmisano, Chair/Prez/CEO $92,000,000 J. Randall MacDonald, Sr. VP Human Resources 30,000,000
John E. Kelly III, Sr. VP Research 23,000,000
Nicholas M. Donofrio 19,000,000
Robert W. Moffat, Sr. VP Systems 18,400,000
Steven A. Mills, Sr. VP Sofware 12,000,000
Mark Loughridge, Sr. VP, CFO 32,200,000 (Keep Your Eyes On This Man, The Chief Money Bags !)
Linda S. Sanford, Sr. VP Enterprise on Demand 12,000,000
Bruce J. Harreld 6,500,000
Timothy Shaughnessy, Sr. VP Services 8,000,000
Rodney C. Adkins, Sr. VP Development 9,000,000
Michael E. Daniels, Sr. VP Global Tech 12,000,000
Jon C. Iwata, Sr. VP Marketing 6,000,000
Franklin R. Kern III, Sr. VP 3,600,000
James Kavanaugh, VP & Controller 3,000,000
Your calculator may smoke after you add the column !
The factors to analyze include: the amount of stock shares sold, when the sales took place, and whether the sales seem to be in concert with other insiders.
[Data is available for last 5 years.]* * * BUSINESS WEEK -- THIS IS A VERY DETAILED SITE.
[IF THE ABOVE LINK DOES NOT WORK, CLICK ON "OWNERSHIP"; EXPLORE THE CURRENT QUARTER, THEN CLICK ON PREVIOUS QUARTER(S).]
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"THEREFORE WHATSOEVER YE HAVE SPOKEN IN DARKNESS SHALL BE HEARD IN THE LIGHT; AND THAT WHICH YE HAVE SPOKEN IN THE EAR IN CLOSETS SHALL BE PROCLAIMED UPON THE HOUSETOPS." LUKE 12:3