He had 428,000 shares @   $120.

If he sold them all he'd have   $51,360,000.

Not bad for about 8 years.

John Carr
--------------------------------------------------------------------------
Gerstner To Sell Some IBM Shares

http://www.crn.com/sections/BreakingNews/breakingnews.asp?ArticleID=32538

Maybe it's retirement planning. Maybe it's just one way to pay off those
Christmas charges.

But IBM Chairman and Chief Executive Louis Gerstner is selling $19.8
million in stock
according to papers filed with the U.S. Securities and Exchange Commission.




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