Arik Hesseldahl

Recent Posts by Arik Hesseldahl

IBM CFO Loughridge to Retire at End of Year

Computing giant IBM said that CFO Mark Loughridge will retire from the company on Dec. 31. Martin Schroeter, General Manager of IBM Global Financing, will replace him. IBM made the announcement in a regulatory filing. IBM shares fell more than two dollars — more than one percent — to $177.50 in after-hours trading following the filing.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work