$103.6 billion IBM has elected W. James McNerney to its board of directors. McNerney is president and chief executive officer of The Boeing Company.

McNerney assumed his current leadership posts at The Boeing Company in July of 2005. Previously, he was chairman of the board and chief executive officer of 3M.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...