Board Book June 18, 2020

Total Page:16

File Type:pdf, Size:1020Kb

Board Book June 18, 2020 Board Book June 18, 2020 MISSISSIPPI BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING | 3825 Ridgewood Road, Jackson MS 39211 | 601 432 6198 | Page 1 of 205 Board Meeting Outline MISSISSIPPI BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING MEETINGS Finance Committee | June 17, 2020, 2:00p | IHL Board Room SCHEDULE Health Affairs Committee | June 17, 2020, 3p| | UMMC Office of the Vice Chancellor IHL Board Meeting | June 18, 2020, 9:00a | IHL Board Room CALL TO ORDER Trustee Dr. Ford Dye INVOCATION Trustee Dr. Alfred McNair INTRODUCTION OF GUESTS Trustee Dr. Ford Dye MINUTES May 21, 2020 Regular Board Meeting Minutes ......................................................................................... 8 CONSENT AGENDAS | Trustee Dr. Ford Dye ACADEMIC AFFAIRS 1. SYSTEM – COVID 19 Related Waiver of Board Policy 506 Course Requirements .........................59 2. SYSTEM – Modification of Academic Units A. Renaming 1. MSU – Department of Civil and Environmental Engineering.................................................59 3. SYSTEM – Approval of New Academic Degree Programs A. MSU – Master of Science (MS) in Conservation Education .........................................................59 B. UM – Master of Public Health (MPH) ..........................................................................................60 C. UM – Doctor of Philosophy (PhD) in Criminal Justice Policy Studies .........................................60 4. SYSTEM – Approval of Modifications to Existing Academic Programs A. Renaming 1. JSU – Master of Science (MS) in Mass Communications ........................................................61 2. MSU – Master of Science (MS) in Industrial Engineering .......................................................61 3. USM – Bachelor of Science (BS) in Applied Technology .......................................................62 B. Deletion 1. USM – Bachelor of Arts (BA) in Psychology ...........................................................................62 2. USM – Master of Science (MS) in Psychology ........................................................................62 FINANCE 1. ASU – Request for Approval to Enter into an Agreement with Thyssenkrupp Elevator Corporation ..........................................................................................................................................64 2. DSU – Request for Approval to Enter into a Professional Services Agreement with Barnes and Noble College Booksellers, LLC ..................................................................................................66 i Page 2 of 205 3. MSU – Request for Approval to Enter into an Agreement for Beverage Services with the Coca-Cola Company and Clark Beverage Group, Inc. ........................................................................69 4. MSU – Request for Approval to Enter into a Consulting Services Agreement with Ruffalo Noel Levitz, LLC .................................................................................................................................71 5. MSU – Request for Approval to Enter into an Agreement for Concessions Services/Software/Equipment with Proof of the Pudding ...................................................................73 6. MVSU – Request for Approval to Enter into a Software License and Service Agreement (Degree Works) with Ellucian Company, LP ......................................................................................75 7. MVSU – Request for Approval to Enter into a Software License and Service Agreement (CRM Recruit) with Ellucian Company, LP........................................................................................77 8. MVSU – Request for Approval of a Resolution for 5311 Grant Application (CARES Act) with the Mississippi Department of Transportation ............................................................................79 9. UM– Request for Approval to Enter into an Agreement with CAS, a Division of the American Chemical Society ...............................................................................................................80 10. UM – Request for Approval to Enter into a Fire Protection Agreement with the City of Oxford, Mississippi ..............................................................................................................................82 11. UM– Request for Approval to Amend a Master Services Agreement with Hoar Program Management, LLC ................................................................................................................84 12. UM – Request for Approval to Amend a Contractual Services Agreement with Whelan Event Staffing Services, Inc. ................................................................................................................85 13. UMMC – Request for Approval to Enter into an Agreement with Adaptive Branding, LLC ............87 14. UMMC – Request for Approval to Amend Services Agreement with Bay Pest Control Company, Inc. ......................................................................................................................................89 15. UMMC – Request for Approval of Amendment 2 to Agreement No. 18863, Bioplex® 2200 System Rental Agreement Plan with Bio-Rad Laboratories, Inc. .............................................91 16. UMMC – Request for Approval to Amend an Agreement with Dutch Opthalmic USA, Inc. ............93 17. UMMC – Request for Approval of Amendment to a Purchase Agreement with General Devices LLC ........................................................................................................................................95 18. UMMC – Request for Approval to Enter into a Municipal Advisory Agreement with Hilltop Securities, Inc. ......................................................................................................................................97 19. UMMC – Request for Approval to Enter into a Services Agreement with Horne LLP ......................98 20. UMMC – Request for Approval to Enter into a Reagent Rental Proposal with Werfen USA LLC d/b/a Instrumentation Laboratory .....................................................................................100 21. UMMC – Request for Approval to Enter into a Purchase Agreement with Cook Medical LLC ......................................................................................................................................102 22. UMMC – Request for Approval to Modify a Pricing Contract with Inspire Medical Systems, Inc. ......................................................................................................................................103 23. UMMC – Request for Approval to Amend the User License Agreement and Education Services Terms with QlikTech, Inc. ..................................................................................................105 REAL ESTATE Approval of Initiations of Projects/Appointments of Professionals IHL Projects 1. MSU – IHL 205-306 – IED Parking Lot Improvements, Design Professional – Pickering Firm, Inc. ...........................................................................................................................109 2. MSU – IHL 413-144 – Sustainable Bioproducts Facilities, Design Professional – PryorMorrow......................................................................................................................................111 ii Page 3 of 205 Approval of Budget Increases and/or Changes of Scope/Funding Source(s) Bureau of Building Projects 3. MUW – GS 104-188 – Culinary Arts, Design Professional – JBHM Architects ..............................112 Approval of Other Real Estate Requests 4. UM – IHL 207-460 – Historic Monument Relocation, Design Professional – W. Mark Watson, P.E. .......................................................................................................................................114 LEGAL 1. UM – Approval to Renew Contract with Butler Snow LLP as Outside Counsel ..............................117 2. UM – Approval to Renew Contract with Evans Petree, PC as Outside Counsel ..............................117 3. UM – Approval to Amend Contract with Hershkovitz & Associates, PLLC as Outside Counsel .................................................................................................................................117 4. UM – Approval to Renew Contract with Hershkovitz & Associates PLLC as Outside Counsel .................................................................................................................................118 5. UM – Approval to Renew Contract with Hogan Lovells as Outside Counsel ..................................119 6. UM – Approval to Renew Contract with Holland & Knight LLP as Outside Counsel .....................119 7. UM – Approval to Renew Contract with Mayo Mallette, PLLC as Outside Counsel.......................119 8. UM – Approval to Contract with Phelps Dunbar LLP as Outside Counsel ......................................120 9. UM – Approval to Renew Contract with Ware│Immigration as Outside Counsel ..........................120 10. UMMC – Approval to Contract with Waller, Lansden, Dortch and Davis as Outside Counsel .................................................................................................................................122 11. MSU – Approval of Cornerstone Government Affairs, LLC as In-State Lobbying Consultant ..........................................................................................................................................123
Recommended publications
  • Formatting Guide: Colors & Fonts
    SAAS & CLOUD M&A AND VALUATION UPDATE Q1 2016 BOSTON CHICAGO LONDON LOS ANGELES NEW YORK ORANGE COUNTY PHILADELPHIA SAN DIEGO SILICON VALLEY TAMPA CONTENTS Section Page Introduction . Research Coverage: SaaS & Cloud 3 . Key Takeaways 4-5 M&A Activity & Multiples . M&A Dollar Volume 7 . M&A Transaction Volume 8-10 . LTM Revenue Multiples 11-12 . Revenue Multiples by Segment 13 . Highest Revenue Multiple Transaction for LTM 14 . Notable M&A Transactions 15 . Most Active Buyers 16-17 Public Company Valuation & Operating Metrics . SaaS & Cloud 125 Public Company Universe 19-20 . Recent IPOs 21 . Stock Price Performance 22 . LTM Revenue, EBITDA & P/E Multiples 23-25 . Revenue, EBITDA & EPS Growth 26-28 . Margin Analysis 29-30 . Best / Worst Performers 31-32 Notable Transaction Profiles 34-43 Public Company Trading & Operating Metrics 45-50 Technology & Telecom Team 52 1 INTRODUCTION RESEARCH COVERAGE: SAAS & CLOUD Capstone’s Technology & Telecom Group focuses its research efforts on the follow market segments: ENTERPRISE SAAS & MOBILE & WIRELESS CONSUMER INTERNET CLOUD • Analytics / Business Intelligence • Cloud & IT Infrastructure • Cloud Computing / Storage • Communication & Collaboration • Content Creation & Management • CRM & Customer Services • ERP, Supply Chain & Commerce CONSUMER IT & E-COMMERCE • Finance & Administration TELECOM HARDWARE • Human Resources • Marketing & Advertising • Software Conglomerates • Vertical Markets 3 KEY TAKEAWAYS – M&A ACTIVITY & MULTIPLES LTM M&A dollar volume continued to increase in Q1’16, representing
    [Show full text]
  • Healthcare Cost in the Long Term, and Significantly Reduce the High Administrative Fees Doctors Expend in Their Practices
    Spring 2014 Industry Study Final Report Health Care Industry The Eisenhower School for National Security and Resource Strategy National Defense University Fort Lesley J. McNair, Washington, D.C. 20319-5062 ii HEALTH CARE 2014 Abstract: Former Chairman of Joint Chiefs of Staff Adm. Mike Mullen stated that the most significant threat to our national security is the US debt.1 Adm. Mullen’s rationale was that mandatory government funding of debt payments has potential to crowd out areas of discretionary funding such as defense. Similar to the debt crisis, rising federal health care costs in the non-discretionary Medicare and Medicaid programs have potential to squeeze defense budgets. Health care costs are a growing share of business and individuals expenses. The Patient Protection and Affordable Care Act (PPACA) attempts to address rising costs, access to health care and improve quality of care. The PPACA triple aim of cost, access and quality are the basis for this paper’s recommendations. The thesis of this paper is that the value of America’s health care system can be improved by reducing costs, increasing access and improving the quality of care. This paper focuses on select provisions and policy changes that will improve the value of America’s health care system by increasing access, improving quality, and controlling costs. Lt Col Jon Bakonyi, US Air Force COL Stephen Bowles, US Army COL Daniel Brookhart, US Army Lt Col Burton Catledge, US Air Force Ms. Maureen Danzot, Dept of Sate Lt Col Scott Gondek, US Marine Corps CDR Wistar Hardison, US Navy Col Clarence Johnson, US Air Force Mr.
    [Show full text]
  • Median Ltm Ebitda Multiples – Saas & Cloud 130
    SAAS & CLOUD M&A AND VALUATION UPDATE Q3 2017 BOSTON CHICAGO LONDON LOS ANGELES NEW YORK ORANGE COUNTY PHILADELPHIA SAN DIEGO SILICON VALLEY TAMPA CONTENTS Section Page Introduction ▪ Research Coverage: SaaS & Cloud 3 ▪ Key Takeaways 4-5 M&A Activity & Multiples ▪ M&A Dollar Volume 7 ▪ M&A Transaction Volume 8-10 ▪ LTM Revenue Multiples 11-12 ▪ Revenue Multiples by Segment 13 ▪ Highest Revenue Multiple Transaction for LTM 14 ▪ Notable M&A Transactions 15 ▪ Most Active Buyers 16-17 Public Company Valuation & Operating Metrics ▪ SaaS & Cloud 130 Public Company Universe 19-20 ▪ Recent IPOs 21-32 ▪ Stock Price Performance 33 ▪ LTM Revenue, EBITDA & P/E Multiples 34-36 ▪ Revenue, EBITDA & EPS Growth 37-39 ▪ Margin Analysis 40-41 ▪ Best / Worst Performers 42-43 Notable Transaction Profiles 44-53 Public Company Trading & Operating Metrics 54-61 Technology & Telecom Team 62 1 INTRODUCTION RESEARCH COVERAGE: SAAS & CLOUD Capstone’s Technology & Telecom Group focuses its research efforts on the follow market segments: ENTERPRISE SAAS & MOBILE & WIRELESS CONSUMER INTERNET CLOUD • Analytics / Business Intelligence • Cloud & IT Infrastructure • Cloud Computing / Storage • Communication & Collaboration • Content Creation & Management • CRM & Customer Services • ERP, Supply Chain & Commerce CONSUMER IT & E-COMMERCE • Finance & Administration TELECOM HARDWARE • Human Resources • Marketing & Advertising • Software Conglomerates • Vertical Markets 3 KEY TAKEAWAYS – M&A ACTIVITY & MULTIPLES LTM M&A dollar volume decreased significantly to $60.9B
    [Show full text]
  • Overview of Section 101 Patent Cases Decided After Alice V
    CHART OF POST-ALICE CASES (as of March 1, 2019) OVERVIEW PAGE I. CLAIMS INELIGIBLE UNDER ALICE ........................................................................................................................................... 2 A. Software/Tech Patents (359 total) 1. Federal Circuit Decisions (52 total) ....................................................................................................................................2 2. District Court Decisions (307 total) ..................................................................................................................................24 B. Biotechnology/Life Sciences Patents (37 total) 1. Federal Circuit Decisions (6 total) .....................................................................................................................................86 2. District Court Decisions (31 total) .....................................................................................................................................90 II. CLAIMS ELIGIBLE UNDER ALICE ............................................................................................................................................ 99 A. Software/Tech Patents (170 total) 1. Federal Circuit Decisions (13 total) ...................................................................................................................................99 2. District Court Decisions (157) .........................................................................................................................................105
    [Show full text]
  • Les Avancées De L'intelligence Artificielle
    Les avancées de l’intelligence artificielle Mars-Mai 2016 Olivier Ezratty Les avancées de l’intelligence artificielle – Olivier Ezratty – Mars-Mai 2016 - Page 1 / 159 A propos de l’auteur Olivier Ezratty olivier (at) oezratty.net , http://www.oezratty.net , @olivez Conseil en Stratégies de l’Innovation +33 6 67 37 92 41 Olivier Ezratty conseille les entreprises dans l’élaboration de leurs business plans, stratégies produits et marketing, avec une focalisation sur les métiers de l’image dans les médias numériques (TV, cinéma, photographie). Il leur apporte une triple expertise : technologique, marketing et management ainsi que la connaissance des écosystèmes dans les industries numériques. Il a réalisé depuis 2005 des missions diverses d’accompagnement stratégique et de conférences ou formations dans différents secteurs tels que la télévision (TF1, RTS-SSR, SES Astra, TDF, Euro Media Group, Netgem), les télécoms (Bouygues Télécom, Orange, SFR, Alcatel-Lucent), les produits grand public (LG Electronics, groupe Seb, L’Oréal, Alt Group), la finance et l’assurance (BPCE, Crédit Agricole, Crédit Mutuel-CIC, Société Géné- rale, Natixis, Groupama). Ces missions couvrent l’assistance à la création de roadmap produit, l’analyse de posi- tionnement et de la concurrence, la définition technologique et marketing de stratégies d’écosystèmes et « d’innovation ouverte », l’assistance à la réalisation de business plans, l’animation de séminaires de brainstor- ming, ainsi que l’intervention dans des conférences et séminaires sur les tendances du marché dans le numérique. Ses contributions s’appuient sur un fort investissement dans l’écosystème de l’innovation et sous différentes cas- quettes, notamment dans l’univers des startups : Expert, membre et l’un des présidents du comité d’agrément de Scientipôle Initiative, une association membre d’Initiative France qui accompagne et finance l’amorçage de startups franciliennes.
    [Show full text]
  • 2015 IBM Annual Report Worldreginfo - 03C29f4d-06D2-47Eb-967B-A4c3f2a031c8 Worldreginfo - 03C29f4d-06D2-47Eb-967B-A4c3f2a031c8 Dear IBM Investor
    2015 IBM Annual Report IBM 2015 2015 IBM Annual Report WorldReginfo - 03c29f4d-06d2-47eb-967b-a4c3f2a031c8 WorldReginfo - 03c29f4d-06d2-47eb-967b-a4c3f2a031c8 Dear IBM Investor: IBM is unique. It is the only company in our industry that has reinvented itself through multiple technology eras and economic cycles. We do so for one reason: to create differentiating value for our clients and for you, our owners. We are doing so again, in an IT industry that is fundamentally reordering at an unprecedented pace. In important ways, our industry is unrecognizable from what it looked like just a few years ago. So is your company. Today, IBM is much more than a “hardware, software, services” company. IBM is now emerging as a cognitive solutions and cloud platform company. WorldReginfo - 03c29f4d-06d2-47eb-967b-a4c3f2a031c8 2 A Letter from the Chairman Virginia M. Rometty Chairman, President and Chief Executive Officer WorldReginfo - 03c29f4d-06d2-47eb-967b-a4c3f2a031c8 2015 IBM Annual Report 3 In this year’s report, I will share my Then last year, we launched integrated perspective on what this means to you and units to make it easier and quicker to put to our clients around the world. I will discuss together solutions drawn from our expanding our results from 2015 and what we expect digital portfolio, further accelerating growth to achieve this year and beyond. Although more and enhancing client experience. We shifted must be done and the work of transformation more than $5 billion of investment to add fuel is never complete, I believe we have reached to our strategic imperatives, and in 2015 these a turning point in our journey.
    [Show full text]
  • 2018 Annual Report, Which Is Exhibit 13 to the Form 10-K Submitted with the SEC on February 26, 2019
    2018 IBM Annual Report 2018 Annual Report Dear IBM Investor: 2018 was a defining year for IBM and our clients. Your company returned to growth, just as businesses readied to enter Chapter 2 of their digital reinventions. For years, we have focused on building the tools businesses 2018: Return to Growth need in the 21st century. Our investments have reshaped IBM In 2018, IBM achieved $79.6 billion in revenue and operating to lead in the emerging, high-value segments of the IT market, earnings per share of $13.81. For the full year, we returned to including analytics, artificial intelligence, cloud, security, revenue growth, grew earnings per share and stabilized margins. blockchain and quantum computing. At the same time, we have Our strategic and continued investment in innovative deepened our longstanding commitment to the responsible technology drove our improved competitive position and profit stewardship of technology. dynamics. Offerings that address data, AI, cloud, analytics and IBM is now ready to help our clients advance their cybersecurity now represent more than half of our revenue—up business transformations. from a quarter just four years ago—accounting for approximately In my letter to you this year, I will describe IBM’s $40 billion in revenue in 2018. performance in 2018. I will outline how clients are poised Our investment of more than $5 billion in research and to enter Chapter 2 of their digital reinventions, with help from development produced thousands of breakthrough innovations, IBM, and how this translates to growth for IBM, for businesses which led to IBM’s 26th consecutive year of U.S.
    [Show full text]
  • 2017 Annual Report
    Let’s put IBM2017 Annual Report smart to work. 2017 Annual Report Dear IBM Investor: The businesses of the world are changing the way they work. We have prepared your company for this moment. During the past five years, propelled by our belief that the phenomenon of data would reorder technology and business, we have undertaken one of the most ambitious reinventions in IBM’s modern history. This phase is largely complete. IBM is now a cognitive solutions and cloud platform company. IBM now possesses capabilities that are unmatched in our industry to address our clients’ most pressing needs. In my letter to you this year, I will describe our performance in 2017, which reflects the progress we have made in building these capabilities. And I will explain why we believe this moment marks an inflection point, not just for our company, but for business and society at large. 2 The substantial progress we made last year In addition, our Technology Services and Cloud Platform team is working with clients worldwide to integrate public, private We achieved operating earnings per share of $13.80, up and managed cloud environments through a single architecture. 2 percent. Our revenue for the year was $79.1 billion, with operating pre-tax income of $13.9 billion. In the fourth quarter, IBM is the clear leader in quantum computing. The world’s first we grew revenue 4 percent, 1 percent adjusted for the effects (and only) prototype 50-qubit system, announced in 2017, was of currency (as are all other revenue numbers in this letter).
    [Show full text]
  • Read the Full Report Here [PDF]
    Co-authors: Sarah Anderson directs the Global Economy Project and is a co-editor of Inequality.org at the Institute for Policy Studies. She has co-authored the 23 previous IPS annual Executive Excess reports. Sam Pizzigati, an IPS associate fellow, co-edits Inequality.org and is the author of The Rich Don’t Always Win: The triumph over plutocracy that created the American middle class, 1900-1970 (Seven Stories Press). Research assistance: Aditi Katti. Design: Kenneth Worles, Jr. Acknowledgements: We are grateful to the following for providing helpful comments on this report: Scott Klinger, a Chartered Financial Analyst and former IPS Associate Fellow; Richard Phillips, Senior Policy Analyst at the Institute on Taxation and Economic Policy; and the staff of Americans for Tax Fairness. The Institute for Policy Studies (www.IPS-dc.org) is a multi-issue research center that has conducted path- breaking research on executive compensation for more than 20 years. The IPS Inequality.org website (http://inequality.org/) provides an online portal into all things related to the income and wealth gaps that so divide us, in the United States and throughout the world. Sign up for our weekly newsletter at: https://inequality.org/resources/inequality-weekly/ Twitter and Facebook: @inequalityorg Institute for Policy Studies 1301 Connecticut Ave. NW, Suite 600 Washington, DC 20036 202 234-9382 www.ips-dc.org, Twitter: @IPS_DC Facebook: http://www.facebook.com/InstituteforPolicyStudies Email: [email protected] © 2017 Institute for Policy Studies Contents Key Findings………………………………………………………………………………..………… 1 Introduction…………………………………………….…………………………………………….. 3 CEO Pay at Tax-Dodging, Job-Cutting Corporations .……..…………………………………….. 4 The 10 Biggest Job Cutters Among Tax-Dodging Corporations ……………………...……….
    [Show full text]
  • Digital Reinvention 2016
    Retrouvez les témoignages par chapitrefi DIGITAL REINVENTION 2016 Retrouvez les témoignages par chapitrefi Éric Wepierre | General Mortors France | Président 2 Vivek Badrinath | AccorHotels | Directeur Général Adjoint en charge du Marketing, du Digital, de la Distribution et de l’IT 1, 2, 3, 4 Carline Huslin | Generali France | Directrice Transformation Digitale et Expérience Client Multicanal 1, 2, 3, 4 Christophe Verley | ADEO | Directeur Internet GSB 1, 2, 3, 4 Thierry Benhaim | Grosbill | Directeur Général 1 QUEL ÉTAT DES LIEUX POUR Jean-Christophe Lalanne | Air France-KLM | Directeur Général Adjoint et DSI du Groupe, Membre du Comité Exécutif 1, 3, 4 Thomas Vandeville | Groupama | Directeur de la Transformation Digitale Groupe, Membre du Comité Exécutif 1, 3, 4 LA TRANSFORMATION DIGITALE Nicolas Ferrary | Airbnb France | Country Manager 1, 2, 4 Soren Hagh | Heineken | Executive Director Global Marketing 3 Beyond pilot projects Virginie Fauvel | Allianz France | Directrice Unité Digital et Market Management, Membre du Comité Exécutif 1, 2, 3, 4 Albert Asséraf | JCDecaux | Directeur Général Stratégie, Études et Marketing France 1, 3, 4 DE L’ÉCONOMIE EN 2016 ? Isabelle Moins | Aviva | Directrice des Activités Directes, Digital et Marketing Client, Membre du Comité Exécutif 1, 3, 4 Sébastien Hua | Kering | Directeur e-Commerce et Omnicanal 1, 2, 3 Amélie Oudéa-Castera | AXA France| DGA AXA Particuliers / Professionnels - Directrice Digital, Marque et Partenariats, Membre du Comité Exécutif 2, 3 Nathalie Balla | La Redoute | Président-Directeur
    [Show full text]
  • Posco Hunts Joint Ventures Energizes State Business CRAIN’S Steelmaker Wants Access to New Markets
    20121008-NEWS--0001-NAT-CCI-CD_-- 10/5/2012 6:18 PM Page 1 ® www.crainsdetroit.com Vol. 28, No. 42 OCTOBER 8 – 14, 2012 $2 a copy; $59 a year ©Entire contents copyright 2012 by Crain Communications Inc. All rights reserved Page 3 DTE green spending drive Posco hunts joint ventures energizes state business CRAIN’S Steelmaker wants access to new markets MICHIGAN BUSINESS BY DUSTIN WALSH It’s interested in creating ven- taining our core competencies CRAIN’S DETROIT BUSINESS tures with auto suppliers, includ- and matching up with the tech- ing metal stampers for doors and nology know-how we just don’t To capitalize on the growing chassis as well as motor manufac- have.” global automotive market, the turers, said Steven Bigatti, execu- Posco plans to announce the South Korean steel conglomerate tive director of business develop- plan today in South Korea. Posco Ltd. is opening its wallet to ment at Posco’s North America Bigatti said each of the 200 joint spend at least $2 billion to create business group in Troy. ventures would have a bench- up to 200 joint ventures — many “We feel in the future of the mark of reaching $50 million in DUANE BURLESON/THE ASSOCIATED PRESS with suppliers headquartered in supply business, companies will revenue by 2020, contributing $10 Detroit Tigers Miguel Cabrera and Wading in Southeast Michigan. have more vertical integration,” billion in revenue overall. Prince Fielder celebrate a Cabrera Posco, along with its interna- he said. “We have the raw materi- Posco is interested in access to home run Aug.
    [Show full text]
  • IBM's 2017 Corporate Responsibility Report
    2017 Corporate Responsibility Report Putting smart to work for our company and the world 1 2017 Corporate Responsibility Report | Contents 02 Chairman’s letter About this report IBM’s annual Corporate Responsibility Report is published during the second quarter of the subsequent calendar 04 Our approach to corporate responsibility year. This report covers our performance in 2017 and some notable activities during the first half of 2018. 07 Performance summary and awards In selecting the content for inclusion in our 2017 report, we have used the Global Reporting Initiative (GRI) reporting 12 Citizenship principles of materiality, sustainability context, stakeholder inclusiveness, and completeness. A GRI report utilizing 22 Environment the GRI G4 Sustainability Reporting Guidelines, as well as additional details about IBM’s corporate responsibility activities and performance, can be found at our corporate 31 IBM Research responsibility website. 34 The IBMer Unless otherwise noted, the data in this report covers our global operations. Information about our business and financial performance is provided in our 2017 Annual Report. 40 Supply chain IBM did not employ an external agency or organization to audit the 2017 Corporate Responsibility Report. 53 Governance As we continue to transform IBM into a cognitive solutions and cloud platform company, we regularly review our strategy and approach to corporate responsibility. This ongoing analysis helps us to identify and prioritize the issues of relevance to our business and our stakeholders. Chairman’s letter 3 2017 Corporate Responsibility Report | Chairman’s letter More than at any time in recent history, governments, These principles make clear how IBM has earned about who trains their AI systems, what data was Corporate Citizens.
    [Show full text]