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Louis V. Gerstner, Jr.

IBM

1993 - 2002

Computers & Electronics

1990 b. 1942
male
EducationTwoDegree
UndergraduateDartmouth College
GraduateMBA, Harvard University
Personal
Born-Died1942
BirthplaceNew York (NY)
RaceWhite
FatherExecutive, Low-/Mid-Level
Era - 1990

Under pressure to break-up IBM, Gerstner instead went against the tide of expectation and kept IBM in one piece. He went on to make IBM more competitive by announcing downsizing and a new vision for the company called network computing/e-business. During the period of restructuring from 1993-1998, Gerstner grew total shareholder returns at an annual rate of 47%, increasing IBM’s market valuation to $146 billion.