Lou Gerstner Bio | Wiki
Lou Gerstner ( Full Name: Louis Vincent Gerstner Jr.) is a prominent American businessman. He is best recognized for his tenure at IBM as chairman of the board and chief executive officer from April 1993 until 2002, when he retired as CEO in March and chairman in December.
Furthermore, Lou is largely credited with turning IBM’s fortunes around. Previously, he was the CEO of RJR Nabisco. He also held senior positions at McKinsey & Company and American Express. Lou is currently chairman emeritus of the board of the Gerstner Sloan Kettering Graduate School of Biomedical Sciences.
He was formerly the chairman of the board of directors of the Broad Institute of MIT and Harvard. Moreover, Lou is the author of the best-selling account of IBM’s transformation, Who Says Elephants Can’t Dance. In addition, he is the co-author of the book Reinventing Education: Entrepreneurship in America’s Public Schools.
Lou Gerstner Age
He was born on March 1, 1942, in Mineola, New York, United States. Lou is 81 years old.
Lou Gerstner Height
He is a man of average stature. Lou stands at a height of 5 ft 7 in ( Approx. 1.70m ).
Lou Gerstner Family
He was born in Mineola, New York, United States to Louis Sr. and a loving mother. Louis was a night superintendent at a brewery. On the other hand, Lou’s mother worked as a real estate agent. Furthermore, both of his parents demanded that their children excel at school as well as all the children would go on to become high achievers in their later careers.
Lou Gerstner Wife
He is a married man. Lou is blissfully hitched to his loving and caring wife Robin Gerstner. As a couple, they are blessed with two children.
Lou Gerstner Son
He had a son called Louis Gerstner III. Unfortunately, he passed away in 2013 at the age of 41 after choking on a piece of steak at a New York City diner. He died while dining alone at Lenox Hill Grill Diner on the Upper East Side. Louis ordered the $24.99 George’s steak – a 16oz cut of beef topped with grilled mushrooms and red onions – which he washed down with a couple of vodka shots.
Lou Gerstner Education
He attended Chaminade High School and graduated with a diploma. Later, Lou matriculated at Dartmouth College and graduated in 1963. Furthermore, he enrolled at the Harvard Business School and graduated with a Master of Business Administration Degree.
Lou Gerstner Books | Book
- Who Says Elephants Can’t Dance?: Inside IBM’s Historic Turnaround.
Lou Gerstner IBM | IBM CEO
In April 1993, he was appointed chairman and CEO of IBM. Lou’s predecessor John Akers was pressured into leaving by investors. The board began searching for a replacement within the computing industry. While Eckhard Pfeiffer of Compaq and Scott McNealy of Sun Microsystems were speculated candidates, John Sculley of Apple, George Fisher, chairman of Motorola, and Bill Gates of Microsoft were not.
When Richard Gerstner, an outsider with a track record that implied success, was unavailable, IBM resorted to Gerstner, whose older brother had previously led the company’s PC division before quitting due to health reasons four years earlier. The first CEO of IBM to be hired from outside the organization was Lou.
IBM’s market value increased from $29 billion to $168 billion between 1993 until Lou’s retirement in 2002. Despite his achievement, he oversaw the company’s collapse in comparison to younger competitors as it lost its former position as the leader in the IT sector. In the 1990s, Microsoft expanded beyond simply PC software, Apple and Dell increased their market dominance, and whole new organizations, like the Google search engine, appeared and built new computer-based commercial empires.
Lou Gerstner Quotes
- People don’t do what you expect but what you inspect.
- Watch the turtle. He only moves forward by sticking his neck out.
- Successful enterprises are built from the ground up. You can’t assemble them with a bunch of acquisitions.
- You can never be comfortable with your success, you’ve got to be paranoid you’re going to lose it.
- The real mechanism for corporate governance is the active involvement of the owners.
- I want to become a student. I want to read Chinese history and go on a dig.
- I’m leery of legislative solutions to what is morality. Louis V. Gerstner, Jr.
Lou Gerstner Leadership Style
He employs a transformational strategy. In order to accomplish goals, transformational leadership styles strive for high levels of management communication. Lou has said that through communication and great visibility, leaders should increase productivity and efficiency among their workforce.
Lou Gerstner Net Worth
Having worked as a businessman by profession for a total proficiency exceeding more than four decades now, he has managed to garner good affluence in his career thus far. Lou’s net worth is $600 Million.
Is Brad Gerstner Related To Lou Gerstner
They are not related. Brad Gerstner and Lou happen to share the same second name. Furthermore, Brad is an American investor and hedge fund manager born on May 4, 1971, in Goshen, Elkhart County, Indiana, USA. In addition, he is the Founder, Chairman, and Chief Executive Officer of Altimeter Capital.
How Old Is Lou Gerstner
He is 81 years old. Lou was born on March 1, 1942, in Mineola, New York, United States. Thus, he relishes and commemorates his birthday on March 1 every year.
Who Is Lou Gerstner
He is an 81-year-old prominent American businessman best recognized for his tenure at IBM as chairman of the board and chief executive officer from April 1993 until 2002, when he retired as CEO in March and chairman in December.