Lou Gerstner, Former IBM CEO, Dies at 83; Credited with Reviving the Company
Published:Dec 28, 2025 18:00
•1 min read
•Techmeme
Analysis
The article reports the death of Lou Gerstner, the former CEO and chairman of IBM, at the age of 83. Gerstner is widely recognized for his pivotal role in revitalizing IBM, which was facing significant challenges when he took over. The article highlights the substantial increase in IBM's market value during his tenure, from $29 billion to approximately $168 billion, demonstrating the impact of his leadership. The source is Techmeme, citing a Bloomberg report by Patrick Oster. The concise nature of the article focuses on the key achievement of Gerstner's career: saving IBM.
Key Takeaways
Reference
“Louis Gerstner, who took over International Business Machines Corp. when it was on its deathbed and resuscitated it as a technology industry leader, died Saturday.”