Hmm – so perhaps there has been a change at IBM on the mandatory retirement issue. The last four IBM CEOs have retired by 60, however (three retired at 60 and one, John Akers, was forced out by the IBM board before he turned 60)
Whoever wins the job, a transition isn't likely to happen anytime soon. Mr. Palmisano is considered secure in his job. There is no mandatory retirement age at IBM, and Mr. Palmisano has shown no signs of winding down his tenure, as he is busy preparing for the company's 100th anniversary next year.