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Moffat Viewed as “Classic IBM Executive”

October 19, 2009
by William M. Bulkeley
Reporter, The Wall Street Journal

William M. Bulkeley

Within International Business Machines Corp., Robert W. Moffat Jr. was known as a “quintessential IBMer,” rising to Big Blue’s top echelons by relentlessly cutting costs to boost profits. To the rest of the world, he is becoming known as one of the highest-ranking executives to be embroiled in an insider-trading scandal since Wall Street was rocked by such schemes in the 1980s.

The 53-year-old IBM (IBM) veteran, a senior vice president and a close confidant of IBM Chief Executive Samuel Palmisano, was arrested last week and accused of leaking sensitive data as part of an insider-trading ring that prosecutors say is the biggest in a generation.

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