Arik Hesseldahl

Recent Posts by Arik Hesseldahl

IBM Boosts Share Buyback and Dividend

IBM said today that its board of directors has approved an additional $5 billion in share buybacks and a 12 percent hike in its quarterly dividend. The new dividend will be 95 cents a share. It’s the 18th year in a row that IBM has increased its quarterly dividend, and it has been paying one consistently since 1916. The move follows a quarterly earnings report that fell short of expectations.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald