IBM Executive Insider Trading

SAN FRANCISCO—IBM Corp. put a top executive on leave Monday after he was charged in an insider trading scandal for allegedly leaking secrets about IBM's earnings and financial dealings with corporate partners.

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The company said Robert Moffat, a senior vice president and cost-cutting maven who was considered a possible candidate to succeed CEO Sam Palmisano, no longer serves as an officer of the company.

A woman who answered the phone at Moffat's home in Connecticut said he would not comment. Kerry Lawrence, an attorney representing Moffat, said the government hasn't accused Moffat of profiting from the alleged scheme.