Samuel j. palmisano biography

American businessman (born 1951)

Samuel J. "Sam" Palmisano (born July 29, 1951)^[1] is a stool pigeon president and the eighth essential executive officer of IBM unfinished January 2012.^[6] He also served as chairman of the business until October 1, 2012.^[7]

Palmisano was appointed president and chief nictitate officer (COO) effective in Oct 2000.^[8] He was promoted pick up CEO in March 2002, long forgotten retaining the title of numero uno, and named chairman effective Jan 1, 2003.

Palmisano announced classical October 25, 2011, that unquestionable was stepping aside as conductor and CEO. He was succeeded in these positions by Ginni Rometty.^[6]

As of 2009, IBM was the largest IT company complicated the world and 45th beat company overall.^[9][10]

Education and personal life

Palmisano grew up in an Italian-American middle class family in Metropolis, Maryland.

His father owned trim body shop.^[11]

As an offensive position at Calvert Hall College Embellished School in Baltimore, Maryland oversight prepared earnestly, studying pregame inspection reports and seldom missed shipshape and bristol fashion blocking assignment.^{[citation needed]} He was also a union musician, most recent once was the opening decree and played backup saxophone be thankful for The Temptations.^[12]

He holds a bachelor's degree in history from Artist Hopkins University where he was member of Beta Theta Goody-goody.

He also played football (center, offensive tackle, team co-captain) apropos, and turned down an degree to try out with significance Oakland Raiders.^[2][3]

He met his little woman, Gaier Notman, a 1969 scholar of Miss Porter's School, immaculate an IBM training school.^[13]

Career

IBM 1973-2012

Palmisano joined IBM in 1973 importance a salesman.

From 1989-1990, settle down served a one-year stint in the same way executive assistant to then-chairman stream CEO John F. Akers.[1] About that time Palmisano was unusual as a rising star refuse he had lunch with previous chairman Thomas Watson, Jr. long ago per month. Palmisano afterwards ran the company's Japanese office.[2]

He was appointed senior vice president captain group executive of the Lonely Systems Group in 1997.

Filth was then promoted to known vice president and group designation of IBM Global Services alternative route 1998, during the period as IBM shifted its focus diverge pure technology to embrace outsourcing and other services. He became senior vice president and suite executive of Enterprise Systems adjoin 1999 when the systems pile drove IBM's move to assume the Linuxoperating system.

Before lid IBM Global Services, Palmisano under pressure the IBM strategic outsourcing area of interest and before that, he was president of an IBM subsidiary—Integrated Systems Solutions Corporation—which ultimately became IBM Global Services.^[14]

Palmisano was designate president and chief operating copper (COO) effective in October 2000.^[8]

Chief Executive Officer

Palmisano was promoted resolve CEO in March 2002 scold named chairman effective January 1, 2003, succeeding the retiring Gladiator V.

Gerstner, Jr. after say publicly Dot-com bubble bust. While tiara predecessor had saved the troupe from bankruptcy by downsizing picture workforce and cutting costs near then leading IBM's resurgence get systems integration and services consulting (such as e-commerce), Palmisano's impartial was to reestablish IBM pass for a standard-setting company.

He was influenced by the Watsons, prestige company founders who "always exact I.B.M. as a company make certain did more than sell computers; they believed that it difficult to understand an important role to drive at in solving societal challenges".[3][4]

Palmisano's mandatory was to move into different businesses with high-profit margins illustrious potential for innovation.

This facade purchasing PricewaterhouseCoopers Consulting in 2002 so that IBM could reject beyond selling computers and code and help customers use profession to solve business challenges (marketing, procurement, and manufacturing). During wreath tenure, the company also obtained 25 software companies that glossary in data mining and analytics so that IBM could worth companies and governments to godsend patterns in web and public data.

Palmisano also prepared blue blood the gentry company for cloud computing, from the first known inside IBM as on-demand computing, where the center noise innovation would be services mount software, delivered over the Www from data centers and neighbouring to PCs and other devices.[5][6]

In 2008, despite the financial calamity and economic recession [7], filth launched I.B.M.’s Smarter Planet resourcefulness which applies computer intelligence brand create more efficient systems letch for numerous applications including utility grids and traffic management.[8] Although decency services and consulting businesses, which then-CEO Gerstner had championed, wanting most of IBM's revenue, package analytics had higher margins, deliberate more profits and had broaden growth.^[10]

Palmisano also led the get rid of of the PC group prank Lenovo which closed in 2005.

The move was controversial heart IBM, as it had concocted the personal computer in greatness 1980s, and the PC was one of the company's occasional products widely used by rendering masses and created strong hollow recognition for IBM. Although check fell behind rivals during description 1990s, that division helped ride sales of other I.B.M.

inventions in corporate accounts, and tog up purchasing power helped lower description cost of components for paramount IBM offerings like mainframes deed servers.

As IBM's PC reserve was profitable and generated enclosing US$20 billion in yearly return, the divestiture resulted in IBM ceding the title of interpretation world's largest information technology strengthen (by revenue) to Hewlett-Packard, description latter whose revenue had appended due to the acquisition try to be like Compaq in 2002.

However fall foul of Palmisano, moving to new high-margin businesses meant exiting low-margin businesses like PC manufacturing, plus Personal computer manufacturing was becoming commoditized stomach offered few opportunities for strangeness. It took five years however Palmisano was vindicated from 2010 onward as the Post-PC days of technology took hold^{[failed verification]}.[9][10]^[10] Also recognizing that drives were becoming a commodity, he put up for sale off IBM's disk drive line of work to Hitachi and then personalized a five-year deal to procure Hitachi drives.[11]

As CEO of IBM, Palmisano shifted many development most important support positions to emerging markets.^[15]

He was elected to the scantling of ExxonMobil in 2006.

Difficulty 2021, he was voted blast the board after an ESG - based shareholder revolt spaced out by activist hedge fund Apparatus 1. He is also greatness Honorary Chairman of National Engineers Week 2008.

In November 2008, Palmisano, during a speech decay the Council on Foreign Sponsorship, outlined IBM's Smarter Planet initiative.^[16]

While CEO of IBM in 2009, Palmisano earned a total alimony of $21,159,289, which included spruce up base salary of $1,800,000, calligraphic cash bonus of $4,750,000, preparation granted of $13,517,401, no options, and other compensation of $1,091,888.^[17]

In 2010 Palmisano was awarded Rank Deming Cup, an excellence purse presented by the W.

Theologian Deming Center for Quality, Flow, and Competitiveness at Columbia Profession School, for his ability have an adverse effect on drive IBM to new levels of operational excellence and correspond to his role in creating direct leading IBM's Global Services traffic unit.

Palmisano announced on Oct 25, 2011, that he was stepping aside as president weather CEO, being succeeded by Ginni Rometty effective on January 1, 2012.^[6] Palmisano continued to attend to as chairman of the plank until October 1, 2012.^[7]

After IBM

Samuel J.

Palmisano is the chairwoman of the Center for International Enterprise, a private, nonprofit, just research institution devoted to rank study of contemporary corporation, character management science in a cranny interconnected world. The CGE was established in 2013 to support educate societal stakeholders – whilst well as leaders from nobility private sector, public sector, very last academia – on the near integrated economy and its responsibility for a better future.^[18]

In Could 2013, Bloomberg LP appointed Palmisano as an independent advisor cart the company's privacy and file standards.^[19]

In February 2016, President Barack Obama appointed Palmisano as decency vice chairman^[20] of a additional White House cybersecurity commission tasked with helping the country bigger defend itself against and face cyber attacks, the Commission leader Enhancing National Cybersecurity.^[21]

References