IBM cuts 7,600 employees' salaries by 15 percent

IBM tech-support workers believe they are eligible for overtime pay. And IBM agrees. It's just going to cut their salary by 15 percent to make up for it. After hearing the news, "I was so angry I could hardly speak, and it takes a lot to make me angry," one IBM employee told the AP. "I just don't know how IBM expects us to take this and just run with it." Here's my guess: They don't. If any of the 7,600 employees affected leave, it might just help IBM hike its recently raised 2008 earnings outlook even more.