Lou Gerstner & corporate good: He saved IBM and showed how business can help build society

Lou Gerstner & corporate good: He saved IBM and showed how business can help build society

Lou Gerstner IBM’s iconic former CEO passed away last weekend at 83 years of age. He will be remembered for generations for rescuing IBM from near demise when its value and viability tanked in the very early 1990s. Before Gerstner took the helm of IBM, many predicted bankruptcy or splitting the company into smaller units and selling them off, but Gerstner not only rescued the company, which almost couldn’t make payroll in early 1993, but he kept…