Corporations: IBM's Super Split

Few things cheer shareholders like a stock split, and last week few share holders were as cheery as IBM's. At their annual meeting in Boston, 2,300 of the faithful (of a 359,495 total) heard Chairman Thomas J. Watson Jr. announce stockholder approval of the eleventh split in the company's 57 years.

Holders of IBM's 60 million shares will get one additional share for each one they hold, making it the biggest stock distribution in U.S. history.

IBM's split will help ensure a lively market in its stock by keeping per-share prices within reach of ordinary investors. Lately, that reach had be...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!