IBM Cutting Major Employee 401(k) Benefit
When you've proceeded beyond the series of interviews and salary negotiations, there are few better feelings than signing the offer letter and accepting a new job - particularly if you're moving to a new position away from one that was less than satisfying.
You sign this letter and you have some expectations for how the income and benefits will make your life better. It's great when both sides live up to their expectations for each other. You do your work as you indicated you could during the interviews, putting in extra effort and striving to succeed with the challenges placed before you, and your employer gives you that paycheck every other week, provides you with affordable health insurance, and helps you secure your retirement.
Something somewhere almost always breaks down in this happy employee-employer relationship, and it can come from either side. Maybe you're not living up to your boss's expectations. I would say that if you're a regular reader of Consumerism Commentary, that's probably not the issue. You probably work hard, whether for yourself, your boss, or your clients, recognizing the value of put in the effort when the goal is financial independence. If you've ever dealt with a large corporation, however, you may recognize exactly what's happening with one of the country's biggest companies - certainly one of the most influential in the second half of the twentieth century - IBM.
When we think of technology companies today, we look at Google, Apple, and Microsoft. We think of the next generation of tech start-ups, born in Silicon Valley, Austin, Seattle, or another progressive city. Facebook, Twitter, and small companies that are funded privately are moving technology forward. IBM is more in the background today, even though the company is working on major technological advances that will change the world, not just allow you to share photographs with your friends.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV