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Corporate Citizenship 

At the end of the year, IBM Chairman Samuel J. Palmisano authorizes a preliminary allocation 

of $1 million to support relief efforts for the victims of the tsunamis that struck southern Asia on 

December 26. IBM Crisis Response Teams in India, Indonesia, Sri Lanka and Thailand are 

deployed to assist local governments and relief organizations. 

IBM, along with representatives of the world's leading science, education and philanthropic 

organizations, launches World Community Grid, a global humanitarian effort that applies the 

unused computing power of individual and business computers to help address the world's most 

difficult health and social problems.  

The company announces the next step in its On Demand Community volunteer initiative by 

enabling its approximately 160,000 retirees to leverage new technology tools to increase the 

impact and value of volunteer efforts in schools and local agencies across the globe. For retiree 

volunteers who donate time to community organizations, On Demand Community provides 

access to innovative new IBM technology that will help clients of senior centers and 

organizations for the disabled access and see the Internet better. Other tools include curricula for 

after school community programs, and tools that lead community nonprofits through a step by 

step technology assessment and the creation of a technology plan that will help the organization 

better serve its clients.  

An extraordinary partnership between the Egyptian government and IBM creates  Eternal 

Egypt,  providing worldwide access to more than 5,000 years of Egyptian history. IBM funded 

the project through a $2.5 million grant of technology and expertise from its Research and 

Services teams in the United States and Egypt, and the Egyptian government contributed a team 

of experts who developed the system's content. The Eternal Egypt project combines the most  

important locations, artifacts, people and stories from Egypt's history into an interactive 

multimedia experience.  

HP, Dell and IBM release an Electronics Industry Code of Conduct to promote industry 

standards for socially responsible business practices across their global supply chains.  

2005 

Business Performance 

IBM revenue reaches $91.134 billion, a decline of five percent compared to 2004, and net 

income of $7.934 billion is six percent higher than the year before. There are 329,373 employees 

and 637,133 stockholders at year end. 

Organization 

IBM announces plans in May to implement a series of restructuring actions designed to improve 

the company's efficiencies, strengthen its client facing operations and capture opportunities in 

high growth markets.  

The company then realigns its operations and structure in Europe to improve the speed of 

execution and better meet the needs of its clients. The realignment is aimed at reducing 

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