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Louis Gerstner

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BUSINESS
November 22, 1997 | From Times Wire Services
IBM Corp. on Friday extended Chief Executive Louis Gerstner's contract an additional five years and granted him a multimillion-dollar options package, saying the company's turnaround is far from complete. Gerstner, 55, joined IBM in 1993 as declining sales of mainframe computers led to almost $16 billion in losses. He slashed more than 35,000 jobs, returning the world's largest computer maker to profitability and increasing its stock price fivefold.
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BUSINESS
November 22, 1997 | From Times Wire Services
IBM Corp. on Friday extended Chief Executive Louis Gerstner's contract an additional five years and granted him a multimillion-dollar options package, saying the company's turnaround is far from complete. Gerstner, 55, joined IBM in 1993 as declining sales of mainframe computers led to almost $16 billion in losses. He slashed more than 35,000 jobs, returning the world's largest computer maker to profitability and increasing its stock price fivefold.
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BUSINESS
March 13, 1989 | From Times wire services
RJR Nabisco Inc., the tobacco and food products giant that recently went private in a $24.7-billion buyout, said today that American Express Co. President Louis Gerstner Jr. will be its new chairman, president and chief executive officer. Gerstner, 47, heads up Amex's Travel Related Services Co. unit, which manages the company's lucrative charge card and travelers' check businesses. He will take office at RJR on April 3, replacing acting Chairman and Chief Executive J. Paul Sticht.
BUSINESS
March 27, 1993 | JONATHAN WEBER, TIMES STAFF WRITER
For Louis V. Gerstner Jr., the new chairman and chief executive of International Business Machines Corp., it must be hard to know where to start. He doesn't have a whit of computer industry experience, so he won't exactly be expounding new technical directions for the company on Day One.
BUSINESS
March 27, 1993 | JONATHAN WEBER, TIMES STAFF WRITER
For Louis V. Gerstner Jr., the new chairman and chief executive of International Business Machines Corp., it must be hard to know where to start. He doesn't have a whit of computer industry experience, so he won't exactly be expounding new technical directions for the company on Day One.
BUSINESS
June 19, 2001
* Fiber-optic networking company 360networks Inc., which missed a $10.9-million bond-interest payment Friday, said it abandoned plans to buy Internet service provider NetRail Inc. * IBM Corp. Chairman Louis Gerstner has been named an honorary knight by Britain's Queen Elizabeth.
BUSINESS
May 7, 1992 | From Times Staff and Wire Reports
'Old Joe' Camel Ads Defended: RJR Nabisco Holdings Corp., at its first annual meeting since becoming a public company again last year, was greeted by more controversy over its "Old Joe" Camel cigarette ad campaign. Several stockholders at the meeting in Wilmington, Del., pressed RJR Chief Executive Louis Gerstner about the cartoon-camel ads, which the U.S. surgeon general has asked the company to pull because of claims that they appeal to children.
BUSINESS
December 18, 1993 | From Times Staff and Wire Reports
Chairman Louis Gerstner gave the top executive for the company's biggest computers additional responsibility for the smaller machines, called workstations, and for software that runs on personal computers. The IBM RS-6000 workstation division and Personal Software Products division will now report to John M. Thompson, senior vice president for large-scale and mid-size systems.
BUSINESS
March 22, 1993 | From Times Staff and Wire Reports
IBM Reported to Be Talking to RJR Chief: USA Today reported that the seven-member committee at International Business Machines Corp. looking for a new chairman recently held discussions about pay with candidate Louis Gerstner, chief executive of RJR Nabisco. Spokesmen for IBM and RJR would not comment. Gerstner, 51, was president of American Express before he left in 1989 to run RJR.
BUSINESS
March 28, 1989
American Express Co., New York, has named Chairman and Chief Executive James D. Robinson III to the additional post of president. He replaces Louis V. Gerstner Jr., who is leaving American Express to become the chief executive of RJR Nabisco.
BUSINESS
March 13, 1989 | From Times wire services
RJR Nabisco Inc., the tobacco and food products giant that recently went private in a $24.7-billion buyout, said today that American Express Co. President Louis Gerstner Jr. will be its new chairman, president and chief executive officer. Gerstner, 47, heads up Amex's Travel Related Services Co. unit, which manages the company's lucrative charge card and travelers' check businesses. He will take office at RJR on April 3, replacing acting Chairman and Chief Executive J. Paul Sticht.
BUSINESS
December 13, 2000 | Bloomberg News
IBM Corp. Chairman Louis Gerstner said Sun Microsystems Inc., Microsoft Corp. and EMC Corp. sell proprietary computing systems that can't survive in a world of billions of connected devices. In a speech delivered at the eBusiness Conference and Expo in New York, Gerstner said these technology giants--all IBM competitors--are facing an "inexorable" move to open-computing standards driven by the Internet.
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