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Oracle Woos And IBM Sues: Exec Who Knew Too Much

Oracle has recruited a high-level exec from arch-rival IBM to become senior VP of on-demand services and report directly to CEO Larry Ellison, but IBM is suing to stop the move, claiming she "possesses valuable confidential information about IBM and our operations."
Oracle has recruited a high-level exec from arch-rival IBM to become senior VP of on-demand services and report directly to CEO Larry Ellison, but IBM is suing to stop the move, claiming she "possesses valuable confidential information about IBM and our operations."From a bloomberg.com news story:


Joanne Olsen, a 31-year veteran of IBM, left the company this month to become a senior vice president at Oracle, according to the suit, filed June 16. As a general manager in IBM's technology services division, Olsen knew about IBM's growth strategies and potential acquisitions, the company said.

"As a long-time general manager in our services business and as a member of the company's leadership team, Joanne Olsen possesses valuable confidential information about IBM and our operations," IBM spokesman Doug Shelton said today in an e- mailed statement. . . .

Olsen signed a non-compete clause in July 2009, stating she can't join a competitor for a year after leaving, according to the suit.

Ellison says he wants to create a great systems company, and that the IBM of 50 years ago is his model. So we'll probably be seeing lots more squabbles between these two powerhouses as their head-on competition expands from the database sector to hardware, software, and services.

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