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IBM Board of Directors Investigates Sales Fraud Claims

The Register

Exclusive IBM's board of directors has started an investigation into claims that its sales numbers were manipulated, leading to executives securing big bonuses. If the board fails to take any action, it may face a lawsuit to claw back millions of dollars from top staff. In late March, just days before IBM was sued for securities fraud, the IT giant's board received a demand letter from attorneys representing shareholders...

Mentions: Attorneys CFO lawsuit