For the last several years, IBM has been an official sponsor of the Masters Golf Tournament, an annual event that is, seemingly, about as wholesome and controversy free as you can get. And yet, this year, controversy has erupted over the tournament — and IBM’s sponsorship. Why? Because IBM’s new CEO is a woman — and the club where the Masters is held, Augusta National Golf Club, doesn’t allow women to become members.

For the last decade, IBM has been an official sponsor of the Masters Golf Tournament. It has a hospitality cabin on the green and its CEOs are regulars at the club where the tournament is held, the Augusta National Golf Club. It’s a place where one can wear a green jacket and do golf things, like getting functionally drunk while swinging metal rods around. It’s good times.

But with the Masters around the corner (the beginning of April), Augusta Golf Club has a rather awkward conundrum on its hands: IBM’s new CEO is a woman — and women aren’t allowed to be members at its club. Oh dear.

New IBM CEO Virginia Rometty just got her salary doubled! But she’s not exactly making tens of millions.

We’re reaching the end of Virginia Rometty’s first week as CEO of IBM — and, predictably, we’re all clawing for any scrap of information about IBM’s first female leader. Is she changing a bunch of stuff? Is she keeping everything the same? The stories range from the profound to the mundane. And here’s a rundown of what you should know about Rometty’s first week.

January 1, 2012 marks the start of this new year…and also the start of Virginia Rometty’s tenure as CEO of I.B.M. We know you know it’s a big deal, but we’ll remind you anyway.

We enjoy following the current lives of powerful women. But sometimes it’s fun to look back and remember how those women ended up where they are today. Each Friday, we’ll dig up a vintage video starring your favorite leading ladies in their early days.

Today: we learn a little more about IBM’s soon-to-be first female CEO, Virginia Rometty.

After Virginia Rometty was named the CEO of IBM (effective January 1, 2012), a lot of people described her as “one of the most powerful women in business.” And rightly so — she’s the first female CEO at the company and, subsequently, a huge power player in tech.

One publication has another term to describe her, however: “lipstick geek.” Hmm.

Warren Buffett’s Berkshire Hathaway has bought 5.5 percent of I.B.M. — 64 million shares. Buffett has historically stayed away from tech stocks so it’s an interesting move. Could it have something to do with the fact that I.B.M. just appointed a female CEO?

It would make sense.