• 26 Jun 2009 at 12:39 PM

Former IBM Exec Had Second Job In Venture Capital

IBM.jpgWhile nobody at IBM would dispute that its former head of M&A, David Johnson, was putting in some serious hours, they are taking issue with the fact that he spent a good deal of that time preparing to launch a technology focused VC firm, JSJ Capital Management. Johnson’s indiscretions ran a bit deeper than egregious use of the copy machine and ordering dinner. He once used an IBM funded trip to the Middle East to double as a JSJ roadshow and then administered another swift kick in the teeth last May.


Having spent 30 years at IBM, Johnson recently decided to take a job at Dell which, according to IBM, violates a non-compete agreement he signed 4 years ago and, consequently, IBM is suing. Remarkably, Johnson wins either way as Dell agreed to pay him $1 million in annual compensation if IBM’s suit delays his start date and prevents him from divulging every last piece of proprietary information.
IBM Says Ex-M&A Head Used Its Resources to Start Firm [Bloomberg]

21 comments (hidden to protect delicate sensibilities)
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Comments (21)

  1. Posted by guest | June 26, 2009 at 12:44 PM

    Just another disgruntled employer… like the UBS story. Yawn.

  2. Posted by guest | June 26, 2009 at 12:48 PM

    there was no reason for that jump, greg.

  3. Posted by guest | June 26, 2009 at 12:50 PM

    If an employee is happy, is he/she “gruntled”?
    ~Ken
    Bank of America
    Whoodoggies, NC

  4. Posted by guest | June 26, 2009 at 12:51 PM

    ANUS,
    I am going to jump you on the way home to your mother’s house.
    Woolly Bully

  5. Posted by guest | June 26, 2009 at 12:55 PM

    Article hidden for your protection

  6. Posted by guest | June 26, 2009 at 1:02 PM

    There once was a man from Mianus
    Whom Dealbreaker readers called Blanus.
    His mom slept with Ken;
    Jeff Macke was his friend;
    And no one could rival his gayness.

  7. Posted by guest | June 26, 2009 at 1:02 PM

    Greg,
    Spice up the titles a bit. There’s nothing funny or intriguing about them. Pull us into your story. Make us interested. Use foul language, like Bess or sexual innuendos like Bess and Buffett. Or just make the title have something to do with Maxine Waters even if she has nothing to do with the story.

  8. Posted by Anal_yst | June 26, 2009 at 1:13 PM

    Any ATL/law folks wanna weigh in on whether Dell did anything illegal, or something along those lines?

  9. Posted by guest | June 26, 2009 at 1:21 PM

    @8 why would people from Atlanta know anything about the legality of Dell’s contracts?

  10. Posted by guest | June 26, 2009 at 1:26 PM

    Really Greg. Take #7’s advice and go one further and just make shit up. Like, instead of David Johnson change it to David Johansen. Now you’ve got a interesting story of a former IBM exec, moonlighting as a venture capitalist, moonlighting as the lead singer for the New York Dolls. See?

  11. Posted by guest | June 26, 2009 at 1:33 PM

    Who the hell is this Greg everyone keeps talking about?

  12. Posted by Porker Stankleberry | June 26, 2009 at 1:38 PM

    @6: I’m not one of the Greg bashers, but all due respect to your excellent rhyme construction.
    F.
    T.
    W.

  13. Posted by Investorcluzo | June 26, 2009 at 1:40 PM

    @11 – greg is the new pledge in the Delta Beta fraternity. he has a number of tasks to complete before he can become a member. however, at this rate he may not learn the secret handshake until 1012…but like poker stank, I’m not a greg hater/basher/ect.

  14. Posted by guest | June 26, 2009 at 1:42 PM

    @9 ATL = Above the Law douche…

  15. Posted by guest | June 26, 2009 at 1:43 PM

    @8 you are an idiot.

  16. Posted by guest | June 26, 2009 at 1:46 PM

    @9
    Ummm….
    You were kidding right?
    If you were then tell me what Analyst’s reference to ATL stands for?

  17. Posted by guest | June 26, 2009 at 2:02 PM

    @ Anal_yst-
    I’d have to read the non-compete, but I’d say it’s likely IBM has a viable breach of contract claim. Dell will end up paying IBM to go away and STFU.
    -ATL guy

  18. Posted by guest | June 26, 2009 at 2:14 PM

    Does this guy have a job with Dell?

  19. Posted by guest | June 26, 2009 at 2:19 PM

    Greg,
    You’re about as useful as a used condom and this post proves it.
    -Wildcard bitches!

  20. Posted by guest | June 26, 2009 at 3:03 PM

    capitalism!!

  21. Posted by Anal_yst | June 26, 2009 at 4:31 PM

    Thanks @17