“IBM’S BALL GAME”
(Sing lustily to the popular tune.)
By Madame P J Bailey
Ó
2009 Madame P J Bailey Newark, New Jersey USA. All rights reserved.
[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,
At Big Sam’s ball game !
"IBM's Ball Game" is included in IBM PRISON POETRY- MADOFF MOVE OVER !
Please request your copy when you visit the "Contact" page.
◊ ◊ ◊ ◊ ◊ ◊ ◊
Update -- September 15, 2009
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.
Big Blue Execs, try standing in a circle and point out “he’s-more-guilty-than-me”,
while you offer your version of "the devil made me do it" !!!
Data Sources:
AOL FINANCE
http://finance.aol.com/company/international-business-machines-corporation/ibm/nys/insider-transactions?srt=1&tf=5&pn=1
[Data is available for last 5 years.]
* * * BUSINESS WEEK -- THIS IS A VERY DETAILED SITE.
http://investing.businessweek.com/businessweek/research/stocks/ownership/ownership.asp?symbol=IBM&year=2008&quarter=3
[IF THE ABOVE LINK DOES NOT WORK, CLICK ON "OWNERSHIP";
EXPLORE THE CURRENT QUARTER, THEN CLICK ON PREVIOUS QUARTER(S).]
http://investing.businessweek.com/businessweek/research/stocks/snapshot/snapshot.asp?capId=112350
SCOTT TRADE
http://research.scottrade.com/public/stocks/insiders/insiders.asp?duration=360&transtype=all§ion=profile&profile=12269356&name=Samuel%20J.%20Palmisano
YAHOO FINANCE
http://biz.yahoo.com/t/40/4114.html
MSN FINANCE http://moneycentral.msn.com/investor/invsub/insider/trans.asp?view=All&Symbol=IBM
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