It's a win-win for execs. They get paid millions no matter which direction the stock goes...
IBM shrank 3.1% in YoY revenue for 2019.
The overall economy grew 2.3% in 2019.
IBM's competition (tech market) grew >20% in 2019.
This is an abysmal performance. The rank and file, in Bands 6-10 were just told no bonuses due to this abysmal performance. Yet somehow Ginni and her team reward themselves with tens of millions of dollars for this complete failure in results? Disgusting.
And my GDP was last year 1000€ before tax. This year it is 0!
Positive Free cash flow is moving into a much more aggressive model for restructuring. If nothing else, it supports hedge funds entering for the dividend, and holding for the break up
Perhaps Ginni got the nice bonus for exceeding expectations - not having the stock price drop under $100 and not allowing the revenue to drop under 70 billion ;)
@rjj+13VfRutz Or a weatherman/woman
It’s good to be the King or Queen
Disgraceful