IBM(US:IBM) Youtube·2025-12-29 11:33Core Insights - Lewis Gersner, former IBM chairman and CEO, passed away at age 83, recognized for transforming IBM's business model towards services and significantly increasing its stock value during his tenure [1][2]. Company Overview - Gersner was the first outsider to lead IBM, taking the role in 1993 after serving as CEO of RJR Nabisco [1]. - Under his leadership, IBM's stock rose over 700%, although the company faced challenges in revenue and was perceived as "legacy tech" in later years [2]. Workforce Changes - In the early 1990s, IBM employed approximately 350,000 people, but this number has since decreased to around 270,000, reflecting significant workforce reductions during Gersner's restructuring efforts [3]. Industry Context - Gersner's strategies in the 1990s are seen as relevant today as large companies navigate technological shifts and productivity challenges, highlighting a historical trend of legacy companies reducing costs and workforce [4].