IBM move to annual lump-sum 401(k) matching contributions could be sign of things to come

  • Article by: MARK JEWELL and STEVE ROTHWELL , Associated Press
  • Updated: December 7, 2012 - 7:06 PM
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jmusielewiczDec. 7, 12 9:01 PM

Don't you think its time IBM changed its name to something 'investments' and 'business managment' they don't do computing anymore. I really can't remember the last time IBM produced a computer--wasn't that in the 1980's sometime. Even Cray doesn't produce them anymore--the computing field is just about completely dead. How many times 'can you 'change the name on a chip' before investors catch on -- I wonder. And software--completely hopeless--glad I don't use it in my work and and if I need to write what I need. You have to wonder how long its going to take before these 'giants' are gone. Money can last for an 'individual' but fact is -- stick a lot of hands in it it is 'gone for good' very quickly. So how long will they last you wonder--any one want to wager?

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mchuskerDec. 8, 12 6:35 AM

Some guy named Warren Buffett has recently bought 66 million shares of IBM worth over $12 billion. He may be wrong about how long IBM lasts, but i doubt it...

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pitythefoolsDec. 8, 12 6:51 AM

The reason for this is obvious. If you're not there on payout day, you don't get the match. Thus IBM saves money by giving less to the workers. Again. Expect the annual payout to go away altogether after the first yearly payout. Corporate America chips away further at pay and benefits...

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