Palmisano knew the trajectory of his reign at IBM almost from the time he started.
Bloomberg also said it had hired law firm Hogan Lovells to assist Mr. Palmisano.
WSJ: Bloomberg Taps Ex-IBM Chief Palmisano to Look Into Data Practices
The industry, Palmisano says, has a responsibility to contribute to the advance of science.
FORBES: IBM's Palmisano: How You Get To Be A 100-Year Old Company
"We wanted to get out before it was obvious to everyone, " said Mr. Palmisano.
Palmisano shed its PC business in 2004 and has singularly focused on technology for corporations.
To be sure, at IBM Palmisano has used the cash hoard for other things.
FORBES: IBM's Sam Palmisano Leads Wal-Mart and Microsoft In Stock Buyback Frenzy
Rometty as president and CEO effective January 1, succeeding Samual Palmisano, who will remain chairman.
FORBES: IBM Names Virginia Rometty To Succeed Palmisano As CEO
Palmisano says time has taught us how important the balance is between what changes and what endures.
FORBES: IBM's Palmisano: How You Get To Be A 100-Year Old Company
Mr. Palmisano has dismissed some of the consumer products that have driven Apple's performance in particular, mobile devices.
Sam Palmisano, who has run IBM like a smoothly humming mainframe for a decade, has turned over the reins.
Senior Airman Stephanie Palmisano, 24, an Air Force broadcaster who works with Sgt.
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The PC era, Mr. Palmisano said Tuesday, ended three or four years ago.
"I couldn't give it away today, " said Mr. Palmisano of the PC business.
In addition to the big stock buybacks, Palmisano has boosted the dividend dramatically.
FORBES: IBM's Sam Palmisano Leads Wal-Mart and Microsoft In Stock Buyback Frenzy
Sam Palmisano then shifted the company even more to high-end computing by selling the PC business and enlarging its software portfolio.
Sam Palmisano, chief executive of International Business Machines, continued to purchase a massive amount of stock in July, August and September.
In addition to the upbeat long range guidance for earnings, Palmisano also said he expects sales will outpace estimates as well.
Almost a year after the merger, it is not clear how far the firm's boss, Sam Palmisano, has got with this task.
While Willie Nelson sang "Me and Bobby McGee, " Will and I enjoyed talking to former 49ers quarterback Steve Young and IBM CEO Sam Palmisano.
The business leaders in attendance are Clarence Otis of Darden Restaurants, Scott Davis of UPS, Sam Palmisano of IBM, and Matt Rose of BNSF.
Dimon will certainly have to be aggressive if he is to take a run at Sam Palmisano for the title of stock buyback king.
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"Oracle invests, " said Mr. Palmisano, who praised Oracle CEO Larry Ellison.
Palmisano, 60, was named CEO in 2002, and chairman in 2003.
FORBES: IBM Names Virginia Rometty To Succeed Palmisano As CEO
Palmisano says IBM in some ways they have been doing the exact same things for a century: IBM has always moved to the future, he says.
FORBES: IBM's Palmisano: How You Get To Be A 100-Year Old Company
In Mr. Palmisano, Bloomberg has tapped a senior executive with strong ties to Bloomberg's clients on Wall Street, a large and longtime source of business to IBM.
WSJ: Bloomberg Taps Ex-IBM Chief Palmisano to Look Into Data Practices
The computer and technology company, which Mr. Palmisano ran from 2002 to the end of 2011, is considered well versed in high-level computer security and privacy matters.
WSJ: Bloomberg Taps Ex-IBM Chief Palmisano to Look Into Data Practices
Mr. Palmisano, who turns 60 next year, the age at which some of his predecessors have retired, said he has no plans to step down next year.
Mr Palmisano has simplified that task somewhat, having reorganised his sales team so that customers deal with one salesperson instead of a bombardment from every product division.
Larry Tabb, founder of the research firm Tabb Group, called Mr. Palmisano's appointment "a good start, " but he cautioned the move wouldn't immediately resolve the scrutiny of Bloomberg.
WSJ: Bloomberg Taps Ex-IBM Chief Palmisano to Look Into Data Practices
Palmisano noted that Watson, Jr. in his talk told his audience that of the top 25 U.S. companies in 1900, only 2 remained on that list in 1961.
FORBES: IBM's Palmisano: How You Get To Be A 100-Year Old Company
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