HOME
The Info List - Samuel J. Palmisano



--- Advertisement ---


(i)

SAMUEL J. PALMISANO (born July 30, 1951?) was president and chief executive officer of IBM
IBM
until January 2012. He also served as Chairman
Chairman
of the company until October 1, 2012.

Palmisano was appointed president and chief operating officer (COO) effective in October 2000. He was promoted to CEO in March 2002, while retaining the title of president, and named chairman effective January 1, 2003. Palmisano announced on October 25, 2011 that he was stepping aside as president and CEO. He was succeeded in these positions by Ginni Rometty .

As of 2009 IBM
IBM
was the largest IT company in the world and 45th largest company overall.

CONTENTS

* 1 Education and personal life

* 2 Career

* 2.1 IBM
IBM
1973-2012

* 2.1.1 Chief Executive Officer

* 2.2 After IBM
IBM

* 3 References

EDUCATION AND PERSONAL LIFE

Palmisano grew up in an Italian-American middle class family in Baltimore, Maryland
Baltimore, Maryland
. His father owned a body shop .

As an offensive lineman at Calvert Hall College High School in Baltimore, Maryland
Baltimore, Maryland
he prepared earnestly, studying pregame scouting reports and seldom missed a blocking assignment. He was also a union musician , and once played backup saxophone for The Temptations .

He holds a bachelor\'s degree in history from Johns Hopkins University where he was member of Beta Theta Pi
Beta Theta Pi
. He also played football (center , offensive tackle , team co-captain ) there, and turned down an opportunity to try out with the Oakland Raiders .

He met his wife, Gaier Notman, a 1969 alumna of Miss Porter\'s School , at an IBM
IBM
training school.

CAREER

IBM
IBM
1973-2012

Palmisano joined IBM
IBM
in 1973 as a salesman.

From 1989-1990, he served a one-year stint as executive assistant to then-chairman and CEO John F. Akers . During that time Palmisano was seen as a rising star and he had lunch with former chairman Thomas Watson, Jr. once per month. Palmisano afterwards ran the company's Japanese office.

He was appointed senior vice president and group executive of the Personal Systems Group in 1997. He was then promoted to senior vice president and group executive of IBM
IBM
Global Services in 1998, during the period when IBM
IBM
shifted its focus from pure technology to embrace outsourcing and other services. He became senior vice president and group executive of Enterprise Systems in 1999 when the systems group drove IBM's move to adopt the Linux
Linux
operating system .

Before leading IBM
IBM
Global Services, Palmisano led the IBM
IBM
strategic outsourcing business and before that he was president of an IBM subsidiary—Integrated Systems Solutions Corporation —which ultimately became IBM
IBM
Global Services.

Palmisano was elected president and chief operating officer (COO) effective in October 2000.

Chief Executive Officer

Palmisano was promoted to CEO in March 2002 and named chairman effective January 1, 2003, succeeding the retiring Louis V. Gerstner, Jr. after the Dot-com bubble bust. While his predecessor had saved the company from bankruptcy by downsizing the work force and cutting costs, and then leading IBM's resurgence with systems integration and services consulting (such as e-commerce), Palmisano's goal was to reestablish IBM
IBM
as a standard-setting company. He was influenced by the Watsons , the company founders who "always defined I.B.M. as a company that did more than sell computers; they believed that it had an important role to play in solving societal challenges".

Palmisano's mandate was to move into new unique businesses with high profit margins and potential for innovation. This included purchasing PricewaterhouseCoopers Consulting in 2002, so that IBM
IBM
could go beyond selling computers and software and help customers use technology to solve business challenges (marketing, procurement and manufacturing). During his tenure the company also acquired 25 software companies that specialized in data mining and analytics, so that IBM
IBM
could help companies and governments to find patterns in web and internal data. Palmisano also prepared the company for cloud computing , originally known inside IBM
IBM
as on-demand computing, where the center of innovation would be services and software, delivered over the Internet from data centers and connecting to PCs and other devices. In 2008, despite the financial crisis and economic recession , he launched I.B.M.’s Smarter Planet initiative which applies computer intelligence to create more efficient systems for numerous applications including utility grids and traffic management. Although the services and consulting businesses, which then-CEO Gerstner had championed, provided the majority of IBM's revenue, software analytics had higher margins and contributed more profits while also having more growth.

Palmisano also led the sale of the PC group to Lenovo which closed in 2005. The move was controversial inside IBM
IBM
at the time, as it had been the inventor of the personal computer in the 1980s, and the PC was one of the few products from the company that was widely used by the masses and created strong brand recognition for IBM. Although it fell behind rivals during the 1990s, that division helped to drive sales of other I.B.M. products in corporate accounts, and its purchasing power helped lower the cost of components for larger IBM offerings like mainframes and servers. The PC industry was still going strong at the time, and as IBM's PC group was profitable and generated around $20 billion USD in yearly revenue, the divestiture resulting in IBM
IBM
ceding the title of the world's largest information technology firm (by revenue) to Hewlett-Packard , the latter whose revenue had increased due to the acquisition of Compaq in 2002. However to Palmisano, moving to new high-margin businesses meant exiting low-margin businesses like PC manufacturing, plus PC manufacturing was becoming commoditized and offered few opportunities for innovation. It took five years but Palmisano was vindicated from 2010 onwards as the Post-PC era of technology took hold, with smartphones and tablet computers supplanting PCs as the primary computing devices of choice. Also recognizing that drives were becoming a commodity, he sold off IBM's disk drive business to Hitachi and then signed a five-year deal to buy Hitachi drives.

As CEO of IBM, Palmisano has shifted many development and support positions to emerging markets.

He was elected to the board of ExxonMobil in 2006. He is also the Honorary Chairman
Chairman
of National Engineers Week 2008.

In November 2008, Palmisano, during a speech at the Council on Foreign Relations , outlined IBM's Smarter Planet initiative.

While CEO of IBM
IBM
in 2009, Palmisano earned a total compensation of $21,159,289, which included a base salary of $1,800,000, a cash bonus of $4,750,000, stocks granted of $13,517,401, no options, and other compensation of $1,091,888.

In 2010 Palmisano was awarded The Deming Cup , an excellence award presented by the W. Edwards Deming Center for Quality, Productivity, and Competitiveness at Columbia Business School , for his ability to drive IBM
IBM
to new levels of operational excellence and for his role in creating and leading IBM's Global Services business unit.

Palmisano announced on October 25, 2011, that he was stepping aside as president and CEO, being succeeded by Ginni Rometty effective on January 1, 2012. Palmisano continued to serve as Chairman
Chairman
of the Board until October 1, 2012.

AFTER IBM

In May 2013 Bloomberg LP
Bloomberg LP
appointed Palmisano as an independent advisor for the company's privacy and data standards.

In February 2016, President
President
Barack Obama
Barack Obama
appointed Palmisano as the Vice Chairman
Chairman
of a new White House
White House
cybersecurity commission tasked with helping the country better defend itself against and withstand cyber attacks, The Commission on Enhancing National Cybersecurity.

REFERENCES

* ^ A B "Samuel J. Palmisano" (fee, via Fairfax County Public Library ). The Complete Marquis Who's Who. Marquis Who\'s Who . Gale Biography In Context. 2010. Retrieved 5 Feb 2011. Gale Document Number: GALEK2014847545 * ^ Glader, Paul (March 8, 2010). " IBM
IBM
CEO\'s Compensation Slips". Wall Street Journal . Retrieved 2011-02-06. International Business Machines Corp. Chairman
Chairman
and Chief Executive Samuel Palmisano received $24.3 million in total compensation for 2009, down slightly from the prior year. Mr. Palmisano's base salary remained at $1.8 million for the third consecutive year, but was supplemented by a bonus of $4.75 million and $13.5 million in stock awards linked to the company's performance, according to a filing with the Securities and Exchange ... * ^ A B Feder, Barnaby J. (August 15, 2001). "MANAGEMENT; Waiting to Call Plays for I.B.M". New York Times . Retrieved 2011-02-06. * ^ A B Richtel, Matt (January 30, 2002). "A Gerstner Loyalist Cut From Quite Different Style". New York Times. Retrieved 2011-02-06. * ^ "Samuel J. Palmisano" (fee, via Fairfax County Public Library). Newsmakers. Detroit: Gale Biography In Context. 2003. Retrieved 5 Feb 2011. Gale Document Number: GALEK1618003640 * ^ Thottam, Jyoti ; Eisenberg, Daniel (Jan 20, 2003). "There\'s A New Way To Think Big Blue". Time . Retrieved 2011-02-06. * ^ A B C Lohr, Steve (October 25, 2011). "I.B.M. Names Virginia Rometty as New Chief Executive". The New York Times. Retrieved 2012-01-20. * ^ A B "Samuel J. Palmisano, CEO 2002 - 2011: full biography". News room > Biographies. IBM. October 2012. Retrieved October 22, 2012. * ^ A B " Samuel J. Palmisano
Samuel J. Palmisano
Named IBM
IBM
President, Chief Operating Officer; John M. Thompson Named Vice Chairman". IBM
IBM
News room. July 24, 2000. Retrieved 2012-01-20. * ^ Forbes International Business Machines 2009 Snapshot. * ^ A B C "Senior Writer". CNN. * ^ http://tech.fortune.cnn.com/2011/03/04/ibms-sam-palmisano-a-super-second-act/ * ^ "Miss Porter\'s School 2009–2010 Annual Report" ( PDF
PDF
). Miss Porter's School. 2010-12-03. p. 1 (2 of 34). Retrieved 2011-02-06. * ^ "Samuel J. Palmisano". IBM
IBM
Archives. * ^ Ribeiro, John (May 5, 2003). "IBMs Palmisano visits India". Infoworld. * ^ "The W. Edwards Deming Center for Quality, Productivity and Competitiveness Awards Samuel Palmisano, President, Chairman
Chairman
and CEO of the IBM
IBM
Corporation, The Deming Cup". IBM
IBM
News room. October 19, 2010. * ^ 2009 CEO Compensation for Samuel J. Palmisano, Equilar * ^ Twomey, Matt. "Bloomberg Appoints Former IBM
IBM
CEO as Privacy Advisor". CNBC. Retrieved 18 May 2013. * ^ Newman, Rick. "Obama appointee gave $100,000 to Jeb Bush\'s super PAC". Yahoo Finance. Retrieved 23 February 2016. * ^ Darrow, Barb. "Former IBM
IBM
Chief Named to Obama Cybersecurity Team". Fortune.

BUSINESS POSITIONS

Preceded by Louis V. Gerstner, Jr. CEOS OF IBM
IBM
2002-2012 Succeeded by Virginia M. Rometty

* v * t * e

IBM
IBM

HISTORY

* History of IBM
IBM
* Mergers and acquisitions * Think (motto) * Operating Systems

PRODUCTS

* Cell microprocessor * Mainframe * Personal Computer * IBM
IBM
Power Systems * Information Management Software * Lotus Software * Rational Software
Rational Software
* SPSS
SPSS
* ILOG * Tivoli Software : Service Automation Manager * WebSphere * alphaWorks * Criminal Reduction Utilising Statistical History * Mashup Center * PureQuery * Redbooks * FlashSystem * Fortran * Connections

BUSINESS ENTITIES

* Center for The Business of Government * Cloud computing
Cloud computing
* Global Services * International subsidiaries * jStart * Kenexa * Research * The Weather Company
The Weather Company
(Weather Underground )

FACILITIES

* Towers

* 1250 René-Lévesque, Montreal, QC * One Atlantic Center, Atlanta, GA

* Software Labs

* Rome Software Lab * Toronto Software Lab

* IBM
IBM
Buildings

* 330 North Wabash, Chicago, IL * Johannesburg * Seattle

* Research Labs

* Africa * Almaden * Austin Laboratory * Australia * Brazil * China Laboratory * Haifa Laboratory * India Laboratory * Ireland * Thomas J. Watson Center, New York * Tokyo * Zurich Laboratory

* Facilities

* Hakozaki Facility * Yamato Facility

* Cambridge Scientific Center * IBM
IBM
Hursley * Canada Head Office Building * IBM
IBM
Rochester * Somers Office Complex

INITIATIVES

* Academy of Technology * Centers for Advanced Studies : CASCON * Deep Thunder * IBM
IBM
Fellow * Pulse conference * The Great Mind Challenge * DeveloperWorks : Develothon * Linux
Linux
Technology Center * IBM
IBM
Virtual Universe Community * Smarter Planet * World Community Grid
World Community Grid

INVENTIONS

* Automated teller machine
Automated teller machine
* Electronic keypunch * Hard disk drive
Hard disk drive
* Floppy disk
Floppy disk
* DRAM * Relational model * Selectric typewriter * Financial swaps * Universal Product Code * Magnetic stripe card
Magnetic stripe card
* Sabre airline reservation system * Scanning tunneling microscope

TERMINOLOGY

* Globally Integrated Enterprise * Commercial Processing Workload * Consumability * e-business

CEOS

* Thomas J. Watson (1914–1956) * Thomas Watson Jr. (1956–1971) * T. Vincent Learson (1971–1973) * Frank T. Cary (1973–1981) * John R. Opel (1981–1985) * John Fellows Akers (1985–1993) * Louis V. Gerstner Jr.
Louis V. Gerstner Jr.
(1993–2002) * Samuel J. Palmisano
Samuel J. Palmisano
(2002–2011) * Ginni Rometty (2012–present)

BOARD OF DIRECTORS

* Alain Belda * William R. Brody