Great American Business Leaders of the 20th Century
Louis V. Gerstner, Jr.
IBM
1993–2002
1993–2002
IBM
1993–2002
1993–2002
- Industry: Computers & Electronics
- 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.
Personal
- Born-Died: 1942
- Birthplace: New York
- Race: White
- Gender: Male
- Father: Executive, Low-/Mid-Level
Education / Military
- Graduate: Harvard University
- Undergraduate: Dartmouth College