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Monday, February 01, 2016

IBM is ditching its contentious employee review system for one that employees asked for - Yahoo Finance

IBM is ditching its contentious employee review system for one that employees asked for - Yahoo Finance: "But it has also been doing ongoing rolling layoffs for years. IBM calls them "resource actions" and "workforce rebalancing." IBM doesn't disclose any information about its layoffs, beyond how much such "workforce rebalancing" costs the company every quarter.

For years, IBM employees have said worried that the annual employee review could give them a red flag, even if they had previously received high ratings, making them vulnerable to being cut. 

And so, internally, there was a lot of politics and angst all focused on that performance number. "



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Sunday, January 31, 2016

Amazon Likely Working On Spotify-Like Music Streaming Service - Forbes

Amazon Likely Working On Spotify-Like Music Streaming Service - Forbes: "Amazon has sold music for a while, of course, via its Prime service, but the amount of content available is literally a small fraction of that available by the Apple AAPL +3.09% Music and Spotifies of the world. The New York Post has a source that claims that Amazon is ready to throw its hat into that musical ring and has had some of its executives meeting with top-level music executives to try to hammer out a deal on par with what the other full-on streaming services offer. And, according to the source, it may be ready to press play as soon as this fall.

The source also says that Amazon would likely charge a competitive $10 a month for access, however there’s no word on if there would be a discounted (or even free) tier for Amazon Prime customers. Music licensing isn’t cheap, however it could be enough to convince those on the fence about Prime to make the move to subscription."



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Friday, January 29, 2016

Boeing (BA) 787-9 Enables United (UAL) to Plan Longest Flight by a U.S. Carrier - TheStreet

Boeing (BA) 787-9 Enables United (UAL) to Plan Longest Flight by a U.S. Carrier - TheStreet: "Once again United (UAL - Get Report) will use the world's most advanced airplanes on one of commercial aviation's most aspirational routes from what is now the most important developing U.S. hub.

Starting June 1, United will fly the Boeing (BA - Get Report) 787-9, the upgraded Dreamliner model, from San Francisco International Airport to Singapore. At 8,446 miles, the route will be the longest 787 route in the world as well as the longest scheduled flight by any U.S. carrier.

The flight will take 16 hours and 20 minutes westbound and 15 hours and 30 minutes eastbound.

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Aspirational network planners "dream about services like this and wish we had the airplanes to do it," said Brian Znotins, United vice president of network. "So when we reach the confluence of an airplane with range capability and can fly the only non-stop from North America to Singapore, we will jump at that.""



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Does IBM's CEO Deserve Her $4.5 Million Bonus? - Yahoo Finance

Does IBM's CEO Deserve Her $4.5 Million Bonus? - Yahoo Finance: "International Business Machines Corp. (NYSE: IBM)’s stock is down 19.4 percent in the past year and more than 30 percent in the past two years. While you might think CEO Virginia "Ginni" Rometty is taking some heat for the stock’s performance, she’s actually taking up to a $4.5 million bonus for 2015 and an 11 percent pay raise.

According to the company’s latest filings, Rometty will earn a base salary of $1.6 million in 2015, up from $1.5 million in 2014. In addition, she will be issued $13.3 million in restricted stock compared to the $12.75 million in stock she received last year.

If Rometty earns her full bonus, she will take home a total of $19.9 million in 2015, up 11 percent from her 2014 total of $17.9 million.

Related Link: Morgan Stanley: Recessions Aren't What They Used To Be

Many suffering shareholders are likely not pleased with the company’s generosity toward Rometty, who announced last year that IBM would be abandoning its push to achieve $20 EPS by 2015.

Only time will tell if Rometty’s push to turn around IBM’s business by trimming low-margin and unprofitable business segments and investing heavily in cloud computing will ultimately pay off in the end or if it's too little too late to save IBM."



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