Company: IBM
Date: 2010-02-17
Overall rating: 2/5
Employment status: current

IBM is not the company it once was
Pros: Great People to work with..
Allows for telecommuting although I believe IBM mgt is reversing this trend.
Good Benefits..
For the first 24 years, it was a wonderful place to work.
Cons: There is no longer respect for the individual!  IBM Executives and Senior Management are run by Wall Street.  IBM is no longer an innovative company. Compare IBM to Apple. Even though IBM has thousands of new patents each year, they produce no game changing or market changing products like Apple (ipod, iphone, etc..)  In years past, IBM invented and brought to market great products, sys/360, relational dbs, RISC computing, the hard drive, the pc etc etc.. 
There is no stability even if you are a top performer.  The performance rating system is very subjective and used to manage costs vs. reward top performers.  Note: It was not always like this.  
Morale of employees is very low. Ask to do more and more with no job security and small to no salary increases. 
They do not invest in employee development like they once did. 
If you are or were a manager, you are much more protected in IBM.   I've witnessed several lesser performers and a few outright incompetent sr managers and execs keep their job when highly skilled, incredibly dedicated employees loose their job.