5 Companies That Had A Rough Week

IBM Sues To Stop Former CIO Jeff Smith From Taking A Job At Amazon Web Services

IBM filed a complaint in New York federal court arguing that former Chief Information Officer Jim Smith knows highly-sensitive information about the next generation of cloud computing technology currently being developed by IBM, and will share them with AWS if allowed to work for the cloud rival. 

IBM argues that a non-compete agreement should prevent Smith's employment with any rival until May. The Armonk, N.Y.-based company said Smith was hired to serve as a vice president at AWS managing overall strategy and operations and reporting directly at AWS CEO Andy Jassy.

IBM also accused Smith in the court filings of already sharing corporate secrets with Jassy. Specifically, the company alleges that Smith wiped his IBM-issued phone and tablet to prevent IBM from discovering secret communications with the AWS CEO.

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