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Stock impact report

IBM and Microsoft battle over top workplace diversity exec [CNNMoney.com]

International Business Machines Corporation (IBM) 
Last international business machines corporation earnings: 4/20 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
Company Research Source: CNNMoney.com
IBM and Microsoft battle over top workplace diversity execIBM is suing to stop its chief diversity officer from moving to Microsoft, a suit that demonstrates how critical and hard it is for tech giants to improve the diversity of their work forces.The suit by IBM(IBM) charges that Lindsay-Rae McIntyre is in violation of a non-compete clause she signed when she was chief diversity officer at the company, where she was in charge of recruiting and promoting more women and minorities into its work force. It charges that Microsoft(MSFT) would unfairly benefit in the competition to hire qualified women and minority competition if McIntyre is allowed to jump ship."McIntyre will be leading the team at Microsoft responsible for deciding how to compete against IBM for diverse talent in the marketplace, and how to attempt to win business from customers based on the purported strength and potential success of Microsoft's diversity initiatives," said the suit.It says she has served for 2-1/2 years Show less Read more
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