IBM Message Board - Msg: 2785608

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Technology Stocks : IBM

IBM 288.49

-0.5%

Nov 19 3:59 PM EST

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To: Don Hurst who wrote (1880)	11/21/1997 9:31:00 AM
From: Kevin Ose	Read Replies (1) of 8218

Some interesting news...... Friday November 21, 2:26 am Eastern Time Gerstner to remain IBM CEO for 5 years - WSJ ARMONK, N.Y., Nov 21 (Reuters) - Louis Gerstner has agreed to stay on at least five more years as chairman and chief executive of International Busniess Machines Corp, the Wall Street Journal said on Friday. In return, IBM's board, which recently asked Gerstner for the new committment, is granting him options for two million shares of stock, the paper said in its electronic edition. That number of options is nearly as many as he has received since taking his job in 1993. The paper noted that his excercisable options would yield a profit of more than $95 million if cashed in today. He has no immediate plans to do so, the paper said. KO

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