IBM published the official numbers yesterday
1,065 sale price
230 million booked profit
75 million health care loss
1,065 - 230 - 75 = 760 million of stranded costs
https://www.theregister.com/2022/07/26/ibm_watson_health_profit/
8 replies (most recent on top)
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I am ashamed to say that a bunch of ex Watson Health people somehow landed at Google. How they did it is beyond me but they’re screwing things up terribly and causing big reputational damage for the company. I’m a Google employee here who has been looking into folks backgrounds and found this site in my search. I had no idea how bad the Watson Health situation was until I started following the numbers.
The BoD should be dissolved for incompetence and investigated for fraud
Doesn't Ginni also get IBM's old pension plan? Because she is old?
Yes, she just made the age cut-off. How convenient.
Doesn't Ginni also get IBM's old pension plan? Because she is old?
Worst CEO of the Digital age. Possibility of all time. Indicted for corporate fraud. And keeps getting paid 20k a day. It's simply disgusting. Should protest her front lawn.
Reminds me of the old joke How do you make a small fortune at IBM? Start with a big one. Ginni yet again proving she earned every penny of her bonuses. IBM board HONESTLY are you even paying attention?
Another GR fiasco!!! What a poor CEO!