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This question is about IBM.
Who owns IBM?
Institutional investors own IBM. They account for 57% of the shareholders, and mutual funds account for 28.85% of IBM's shares - while only 0.40% are individual stakeholders. The top shareholders of IBM are James Whitehurst, Arvind Krishna, James Kavanaugh, Vanguard Group Inc., BlackRock Inc., and State Street Corp.
The company began in 1911, founded in Endicott, New York, by trust businessman Charles Ranlett Flint, as the Computing-Tabulating-Recording Company (CTR) and was renamed "International Business Machines" in 1924 by Thomas Watson.
He was also the first president of IBM, and by implementing new sales conventions, IBM was able to reach revenues of over $9 million in the first four years.
IBM has been a publicly traded company since it started in 1911. In 2011, IBM became the first technology company that Warren Buffet's holding group Berkshire Hathaway invested in. Berkshire Hathaway originally brought 64 million shares, but by 2018, they sold all of their IBM shares.
Currently, The Vanguard Group has 8.17% of the total shares at IBM, and SSgA Funds Management Inc. and Blackrock Fund Advisors have around 5%.
The company's 15 board member board of directors are responsible for the overall corporate management and includes the current or former CEOs of Anthem, Dow Chemical, Johnson and Johnson, Royal Dutch Shell, UPS, and Vanguard, as well as the presidents of Cornell University and Rensselaer Polytechnic Institute, and a retired U.S. Navy admiral.
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