Our editors will review what youve submitted and determine whether to revise the article. Customers wanted solutions, he said. He worked at NLG for three years, and he helped NLG buy Boston-based venture capital firm General Catalyst and Japanese multinational conglomerate company Softbank. Brad Gerstner serves as the Chairman, Chief Executive Officer and President of Altimeter Growth Corp. Mr. Gerstner founded Altimeter in 2008 with a mission to build a leading . Gerstner stepped down as CEO of IBM in March 2002. News", IBM100 - e-business - Transforming the World, "Akers: A Nice Guy Who Lost His Compass (Jan 1993)", "How Lou Gerstner Got IBM to Dance - GOOD2WORK", "Technology News, Analysis, Comments and Product Reviews for IT Professionals", "The Pain of Layoffs for Ex-Senior I.B.M. In recognition of his work on behalf of public education, as well as his business accomplishments, Gerstner was awarded the designation of honorary Knight of the British Empire by Queen Elizabeth II in June 2001. He left GC and became co- CEO of NLG, an early online travel start-up purchased in part by IAC. Louis Vincent Gerstner Jr. (born March 1, 1942) is an American businessman, best known for his tenure as chairman of the board and chief executive officer of IBM from April 1993 until 2002, when he retired as CEO in March and chairman in December. [2], Gerstner was born on May 4, 1971 in Goshen, a city in Elkhart County, Indiana. Prior to that he served as President of the American Express Company and was a director of the management consulting firm, McKinsey & Co., Inc. A native of Mineola, New York, Mr. Gerstner received a bachelor's degree in engineering from Dartmouth College in 1963 and an MBA from Harvard Business School in 1965. Louis V. Gerstner, Jr. served as chief executive officer and chairman of the board of IBM Corporation from April 1993 to March 2002 and chairman until his retirement in December 2002. Gerstner was elected a member of the National Academy of Engineering in 1999 for technical leadership in enhancing the competitiveness of U.S. industry. Louis Gerstner III is survived by his wife of 14 years, Mary Gervaise Lawhorne; their two daughters, Grace and Olivia; his sister, Dr Elizabeth Gerstner, a neurologist at Massachusetts General Hospital; and their parents. When he joined, however, it was not at all clear where the problem lay. "After eight hours I didn't understand a thing," Gerstner recalled recently, in a talk for MBA students at HBS. Bally Sports has defaulted on payments of 5 MLB teams, yet still is televising games. The fact that lucrative companies successfully acquired these businesses demonstrates Gerstners ability to build thriving businesses. [28], In 1991, Gerstner received the Golden Plate Award of the American Academy of Achievement.[29]. She worked as a financial analyst during her early career. It seems I'm not alone. Great Expectations viewers slam BBC for CHANGING ending of the Dickens DOMINIC LAWSON: BT took me for a sucker, while Sky treated me as a valued customer. [15] Gerstner put out a statement that stated investors were very disappointed with the poor performance and decision making of the company in recent years. The company has spent $800 million per year for the last nine years on process transformation, he said, and it is now transforming the process systems once again to make them all network-enabled. [3][4][6], From 1993 to 1996, Gerstner attended Indiana University Maurer School of Law and obtained a Juris Doctor degree. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. He is also among the earliest investors that identified the potential. Louis Gerstner death: Son of ex-CEO of IBM chokes to death at A securities lawyer, Brad Gerstner graduated from HBS in 2000 and joined General Catalyst. The Give Forward Foundation was founded in November 2018. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-large-leaderboard-2','ezslot_9',148,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-large-leaderboard-2-0'); Before starting the foundation, Boyers worked as a director of education at Charles and Lynn Schusterman Family Foundation for five years.