
Louis Gerstner, the former CEO credited with revitalizing IBM, has died at 83. Gerstner, who led IBM from 1993 to 2002, was the first outsider to head the company and is renowned for pivoting it from hardware to business services. He implemented significant cost-cutting measures, restructured the company, and fostered a culture of teamwork and performance-based compensation, transforming IBM into a technology industry leader.