Experience maybe. Longest IBMer I know did a ~10year stint across the world (IBM run many banks' IT, in part or in whole), it was cushy job apparently - 4x than

Experience maybe. Longest IBMer I know did a ~10year stint across the world (IBM run many banks' IT, in part or in whole), it was cushy job apparently - 4x than he makes today doing a similar role, people wanted to hold on to those jobs as long as possible, he would sure be envious of someone holding it down for 30 years, juicy $s. I spoke an even older IBMer recently too, he talked of days of 1st class flights, 3 figure relocation packages, the parties etc.. again those days didn't last for decades, but if he did I'd guess he'd be hitting the ~35 year mark at IBM. Sure seems to me people rode that gravy train hard, unsurprising their shaking out some of it now especially if these long timers expect similar perks to the old days, probably similar to flight attendants on BA - the new generation are on 0hr contracts whilst the old generation had/maintain the most cushy number in flight attending - its easy to see why a CEO/CFO would favor new gen.