The huge success of its mainframes had made the company “internally focused”, in the words of Irving Wladawsky-Berger, a retired IBM technologist.

Vedanta Resources confirmed that it would make its first foray into the oil business by acquiring a majority stake in Cairn India, part of Cairn Energy, a British oil explorer.

CareerBuilder reports that almost half (49%) of those surveyed work for companies that allow paid personal days with no questions asked, yet 23% of them still feel obligated to explain why.