John Paczkowski

Recent Posts by John Paczkowski

Unisys Announces CEO Headcount Reduction

It’s taken quite a while, but Unisys has finally settled on a way to maximize shareholder value: Get rid of CEO Joseph McGrath. The IT services provider (and creator of the behemoth UNIVAC, or UNIVersal Automatic Computer) said this week that McGrath, who has presided over a 60 percent decline in Unisys’s share price, will step down by the end of the year. He will, however, continue to lead the firm until a successor is named.

“[The] directors and Mr. McGrath agreed that a change in leadership would best enable Unisys to move forward on accelerating execution of the company’s strategy,” the company said in a statement. No surprise there. The Unisys leadership–McGrath, in particular–has been under fire for a year now from MMI Investments LP, a New York investment outfit that holds about 9 percent of Unisys stock and isn’t at all happy with the way the company’s being managed. In an angry letter to the Unisys board of directors at the beginning of this year, MMI said it “felt tremendous frustration with the seemingly continuous stream of management, operational and financial missteps” at the company.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus