Moffat Viewed as "Classic IBM Executive"

October 19, 2009 at 8:11 am PT

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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Tagged with: digital, frontpage, IBM, insider trading, International Business Machines, Jr., profits, Robert W. Moffat, Samuel Palmisano, The Wall Street Journal, Wall Street, William M. Bulkeley

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