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IBM Announces "Global Citizen's Portfolio" to Enable 21st Century Skills and Leaders

Corporate Service Corps, Matching Accounts for Learning Among First-of-a-Kind Initiatives

Washington, D.C. - 25 Jul 2007: IBM (NYSE: IBM) today announced the creation of the Global Citizen's Portfolio, a suite of investments and programs to help IBM employees enhance their skills and expertise, in order to become global leaders, professionals and citizens.

"The reality of global competition and the forces of innovation are shifting the frontiers of science, business and technology at a rate we’ve never seen before – which is why expertise is not static," said Samuel J. Palmisano, IBM chairman, president and chief executive officer.  "To be competitive, any individual – like any company, community or country – has to adapt continuously, learning new fields and new skills.  This package of capabilities enhances the ability of IBMers to acquire new skills and capabilities."

IBM will commit to spend up to $60 million in the next three years on creating the Global Citizen's Portfolio for its employees.  The Portfolio builds on IBM’s extensive programs to support IBMers in their careers and skills training.

The initial components of the Portfolio include:

"The individual is in the best position to understand what kinds of skills he or she wants and needs in the new economy," said Randy MacDonald, senior vice president of human resources for IBM.  "IBM believes it is the role of a responsible global organization to help our employees be competitive and to help them meet their professional goals.”  

"In today’s global economy, people make constant transitions from job to job, or into retirement.  They still value the connections they've made, and they can still contribute to their society, as well as to their former employer,” said Stanley Litow, vice president of corporate affairs and corporate citizenship.  "Our new program has a triple benefit:  Individuals get to develop leadership skills; IBM and its partners benefit from those skills; and the community benefits, as well."

Mr. Palmisano made the announcement of the Global Citizenship Portfolio this afternoon in a speech at The Forum on Global Leadership: U.S. Competitiveness in a Globally Integrated Economy, a two-day conference at the Ronald Reagan Building and International Trade Center in Washington, D.C.

The conference -- sponsored by IBM with the U.S. Department of Commerce, the U.S. Chamber of Commerce, and the Peterson Institute for International Economics -- convened several hundred business, academic, government and community leaders to exchange ideas and discuss innovative ways to spur competitiveness in a globally interconnected world.

"IBM sees the potential for a powerful ‘virtuous circle’ – with mutually reinforcing benefits among empowered individuals, more agile and innovative companies, healthier and more vibrant communities and a more competitive nation,” said Mr. Palmisano.  “We fully expect that the Global Citizen’s Portfolio will make IBM a more competitive and successful business.  This will require investment. But as much as any company in the world, IBM depends on having the best expertise and talent.  We believe that innovation – not only in our products and services, but also in how we run the company and in our relationships with employees, communities and civil society at large – will help us attract the smartest and most creative workforce.”

For more information about IBM, please visit www.ibm.com 

Editor's Note:  An electronic press kit containing photos, video clips, audio sound bites, and a Podcast with IBM Vice President of Corporate Citizenship, Stan Litow, is available at http://www-03.ibm.com/press/us/en/presskit/21930.wss

Broadcast-quality video is available for download by journalists at www.thenewsmarket.com/ibm

Contact(s) information

Edward Barbini
IBM Media Relations
barbini@us.ibm.com
914-499-6565

Clint Roswell
IBM Media Relations
914-499-4045 (o)
914-672-9423 (m)
roswellc@us.ibm.com

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Washington, D.C. -- Samuel J. Palmisano, IBM chairman, president and chief executive officer, announces the Global Citizen's Portfolio, a suite of investments and programs to help IBM employees enhance their skills and expertise, in order to become global leaders, professionals and citizens.

Washington, D.C. -- Samuel J. Palmisano, IBM chairman, president and chief executive officer, announces the Global Citizen's Portfolio, a suite of investments and programs to help IBM employees enhance their skills and expertise, in order to become global leaders, professionals and citizens.

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