IBM sues former top Thai executive for return of $470,000 bonus

IBM Corp. is suing the previous high govt in its Thailand subsidiary, claiming she ought to pay again almost half 1,000,000 {dollars} in bonus awards for taking a job at a rival firm.

In a lawsuit filed Monday in federal courtroom in New York, the tech big alleged its former Thailand common supervisor, Patama Chantaruck, breached her contract when she accepted a senior position with Accenture. IBM stated Accenture was its largest competitor within the Asia-Pacific area by way of consulting income.

Chantaruck, who joined IBM in 2018, resigned final 12 months and joined Accenture as Thailand managing director a month later, in April 2022, in response to the go well with. IBM claims it awarded her bonuses totaling greater than $470,000 in change for Chantaruck safeguarding confidential firm data and never participating in “aggressive conduct inside particular time intervals.” 

Her swift transfer to Accenture offers IBM the proper to rescind her bonus, the latter firm stated in its go well with. 

Girls of the 12 months

“IBM and Accenture entities compete significantly within the data, digitalization, and consulting areas, each globally and throughout the Asia-Pacific area,” IBM’s attorneys wrote within the criticism. 

IBM stated it had requested Chantaruck to return the cash, however she refused.

Chantaruck didn’t instantly reply to a request for remark. Accenture additionally didn’t instantly reply to a request for remark.

Commonly acknowledged as a high tech govt in Southeast Asia, Chantaruck spent a few years working for Microsoft Corp. earlier than she joined IBM. The Bangkok Publish named her one among its 24 Girls of the 12 months in 2021, together with former New Zealand Prime Minister Jacinda Ardern and Taiwan President Tsai Ing-Wen.

The case is IBM v. Chantaruck, 23-cv-1191, US District Courtroom, Southern District of New York (Manhattan).

This story has been revealed from a wire company feed with out modifications to the textual content.

Catch all of the Corporate news and Updates on Dwell Mint.
Obtain The Mint News App to get Each day Market Updates & Dwell Business News.

More
Less

Be the first to read breaking news on OopsTop.com. Today’s latest news, and live news updates, read the most reliable English news website Oopstop.com

Leave a Reply