IBM sues ex-top exec to return $470k bonus over working at rival

Australia News News

IBM sues ex-top exec to return $470k bonus over working at rival
Australia Latest News,Australia Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

IBM is suing a former top executive, saying she needs to return $470,000 in bonuses after she took a job at a rival firm

IBM wants its former top executive in Thailand to return $470,000 in bonuses after she started a job at one of its competitors, Accenture, just six weeks after leaving the company.

During her employment, Chantaruck received a number equity awards from IBM as part of an agreement to safeguard IBM's confidential information, and"not engage in certain proscribed competitive conduct within specific time periods," the company wrote in the lawsuit. Insider reached out to IBM for clarification on the length of this time period, but did not immediately hear back.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IBM Demonstrates Groundbreaking Artificial Intelligence Research Using Foundational Models And Generative AIIBM Demonstrates Groundbreaking Artificial Intelligence Research Using Foundational Models And Generative AIVice President of AI & Quantum Computing, Paul Smith-Goodson, dives in as he sheds light on the life-saving potential of AI by examining its practical applications in the creation of new antibiotics and other scientific AI tools.
Read more »

A PwC exec says CEOs are balancing short-term and long-term planningInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »

L'Oreal's Françoise Bettencourt Meyers, the richest woman in the worldMeet billionaire L'Oreal heiress Françoise Bettencourt Meyers, the richest woman in the world, who has a net worth of $82.1 billion
Read more »

Elon Musk plans to build homes in Texas on streets like Boring BoulevardInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »

New Jersey spaghetti restaurant to ban kids over noise, 'crazy messes'Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »

Google and Microsoft's AI search war will add to carbon emissionsThe internet contributes 1.6 billion annual tons in greenhouse gas emissions. Google and Microsoft's AI search war will make it worse.
Read more »



Render Time: 2025-02-24 05:37:50