IBM has announced the death of its former CEO Lou Gerstner, who passed away on Saturday, aged 83.

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The company looked to be in an unfixable decline when he took over in 1993—and changed its focus from hardware to services.

Gerstner joined IBM from RJR Nabisco in 1993 to rescue the company at a time when it was reporting multibillion-dollar annual losses and oversaw a regimen of job cuts and plant closings as he slashed ...

Louis Gerstner, the former chairman and CEO of tech giant International Business Machines ($IBM), has died at the age of 83.

CEO, Lisa Su, reflected on the influence of former IBM (NYSE: IBM) CEO Lou Gerstner on her early career, after the former tech executive died on Saturday, aged 83.

Louis Gerstner, who took over IBM in 1993 as it stood on the brink of breakup and bankruptcy, died at 83, leaving behind a ...

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