Thread regarding IBM layoffs

IBM board probes claims of fudged sales figures

IBM's board of directors has started an investigation into claims that its sales numbers were manipulated, leading to executives securing big bonuses. If the board fails to take any action, it may face a lawsuit to claw back millions of dollars from top staff

The letter, according to sources familiar with the matter, asked the board to investigate allegations that the company, under former CEO Ginny Rometty and current CEO Arvind Krishna, deceived shareholders by unlawfully manipulating mainframe revenues in a way that misled investors and inflated executive bonuses.

https://www.theregister.com/2022/08/01/exclusive_ibm_board_of_directors/

by Anonymous
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Post ID: @OP+1i0cWePP
Comment! It's anonymous!

6 replies (most recent on top)

Yeah, could you imagine if she had to sell her Chalet in Davos to return the money...

by Anonymous
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Post ID: @6mow+1i0cWePP

I hope to God they are finally going after that complete cheat GR!!! P
What a POS!!!

by Anonymous
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Post ID: @1nhe+1i0cWePP

This will go absolutely no where. The Board and our Executives have been "probing" us for decades now.

by Anonymous
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Post ID: @1qtw+1i0cWePP

If you have actual knowledge of forged sales, please file a complaint with the sec. I have already informed them of all the instances I was asked to make marketing material for fake technologies. Tick tock.

by Anonymous
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Post ID: @1gvc+1i0cWePP

We have all known this for years... the question becomes, it is really going to go anywhere and may be some of these execs will get punished?

by Anonymous
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Post ID: @1ivj+1i0cWePP

Internal investigations always the way to go.
What size yachts do these Suspects have, btw?
Probli got they own Starlink satellites above those hidey hoIes.

by Anonymous
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Post ID: @hak+1i0cWePP

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