
(Bloomberg) -- International Business Machines Corp. President Jim Whitehurst is stepping down after three years at the century-old technology company. The shares fell the most in five months.The departure marks one of the first major corporate reshuffles under Chief Executive Officer Arvind Krishna, who took the helm last year and has moved quickly to reshape IBM and return it to growth. Whitehurst, 53, is the former CEO of Red Hat Inc., which IBM announced it was acquiring in 2018 in a $33 bil

If they come for our Social Security and Medicare checks in a few years’ time – and there is an ominous chance that they might – the month just past will be worth remembering. It was in June 2021 that we got clear confirmation that we could rescue our country’s retirement system simply, fairly and without breaking a sweat. ProPublica, a nonprofit investigative public interest website, got hold of the secret tax filings of the superrich.

‘He says he doesn’t want to pay rent, as he is not getting anything in return and the money is wasted. He thinks I am making money from him.’

“Although this is a negative from a headline perspective, we think IBM has a deep senior leadership bench that should enable the company to navigate through key executive transitions,” one analyst says.
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