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Palmisano grew up in an Italian-American middle class family in Baltimore, Maryland. His father owned a body shop. As an offensive lineman at Calvert Hall College High School in Baltimore, Maryland he prepared earnestly, studying pregame scouting reports and seldom missed a blocking assignment.
Jul 2, 2024 · Samuel J. Palmisano is the Chairman of the Center for Global Enterprise, a private, nonprofit, nonpartisan research institution devoted to the study of the contemporary corporation, the management science of the globally integrated enterprise (GIE), global economic trends, and their impact on society.
From January 1, 2003, through December 31, 2011, Samuel J. Palmisano was chairman, president and chief executive officer of IBM. He was chairman of the Board from January through September 2012 and served as a senior adviser to IBM until his retirement on December 1, 2012.
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Palmisano was born into an old family that had its roots in eighteenth-century America. Its members had spread their influence across the United States as physicians, politicians, and business leaders. Palmisano's father owned an automobile repair business in Baltimore, Maryland, where young Palmisano learned his street smarts among the rough-and-t...
Palmisano found IBM to be an exciting place to work in the 1970s. The company's employees referred to themselves as IBMers, meaning that they shared a special corporate culture. To Palmisano, IBM was more than a money-making enterprise; it was a corporation that stood as a model for other companies to emulate, a firm that gave women and minorities ...
IBM was doing less well in its home country, however—it lost $5 billion in 1992. Akers wanted to break up IBM into 13 loosely affiliated smaller companies, as some financial analysts saw such a breakup as the best hope for regaining profits. The press was already depicting the old IBM—the company that Palmisano had loved because it stood for techni...
The flow of money generated by Palmisano's division helped Gerstner keep IBM intact while Palmisano's emphasis on service fit well with Gerstner's plans for the company's future. Gerstner consequently appointed Palmisano managing director of IBM's Personal Computer Company on April 1, 1996. The Personal Computer Company was a $10 billion per year b...
Palmisano maintained that he was completely surprised when he was informed that he was the new president of IBM. Nevertheless, he became the company's president and chief operating officer on September 1, 2000, responsible for its day-to-day operations as well as being Gerstner's heir apparent. Palmisano had acquired a nickname, "The Closer." The n...
Palmisano's resourcefulness was tested on September 11, 2001, when terrorists demolished the twin towers of the World Trade Center. The attack destroyed the offices of Fiduciary Trust's subsidiary Franklin-Templeton, one of IBM's clients. Palmisano saw to it that Fiduciary Trust received all the technological materials it needed to restart Franklin...
Palmisano became CEO of the IBM Corporation on March 1, 2002, the eighth in the company's history. He won few friends, however, when he laid off 15,000 employees, mostly in manufacturing, in an effort to eliminate operations he believed would be money losers for the present and future. He sold IBM's hard drive manufacturing unit to Hitachi in June ...
In spite of the grand scale of Palmisano's strategy, he kept his staff small, preferring to do without the executive assistant that other CEOs had employed. He surprised many in his company when he disbanded the 12-member Executive Management Committee on January 23, 2003. The committee had been in existence for 92 years and had served as a filter ...
Feb 9, 2012 · CHM Revolutionaries: IBM Centennial Lecture with IBM's Samuel J. Palmisano - YouTube. Computer History Museum. 141K subscribers. Subscribed. 24. 3.4K views 11 years ago. This is an...
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Samuel (Sam) J. Palmisano served as chairman, president and chief executive officer of IBM from Jan. 1, 2003 through Dec. 31, 2011. He was chairman of the IBM Board of Directors from January through September 2012, and served as a senior adviser to IBM until his retirement on December 1, 2012.
Jun 14, 2024 · Samuel J. Palmisano. Former Chairman, President and Chief Executive Officer, IBM Corporation. Effective October 1, 2012, Sam Palmisano is senior adviser to IBM, until his retirement on December 1, 2012.
