Treating your employees right and lifetime employment are not new ideas ("Writing a new social contract," Cover Story, Mar. 11). Thomas Watson Sr. instituted those policies at IBM during the Great Depression, and they were in force until the last of the Watsons was replaced with "professional" but clueless CEOs. IBM was a great school--I graduated in 1965. Let's hope Lou Gerstner revives the spirit of Watson!

Denny Schlesinger

Caracas

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