IBM hosts subdued shareholders meeting in Tampa

"CEO Ginni Rometty led the meeting, delivering an update on IBM's plans and financial performance. She reaffirmed the company's push toward software instead of hardware as its way forward."

Methinks some H/W divestitures will be occurring very soon.

"Rometty had received criticism earlier for the $33 million annual pay package in a time of declining earnings, but shareholders gave a thumbs-up on the proposed compensation for its executives on Tuesday, including Rometty's package."

Outrageous!?!? Just absolutely absurd. Clearly collusion between Ginni, the BoD, and large shareholders of the highest order.

http://www.tampabay.com/news/business/corporate/ibm-hosts-subdued-shareholders-meeting-in-tampa/2321576

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Subdued? Try "smothered".

Just think about who the people are on these big company boards... mostly other CEOs of other companies. This is the reason why this system is not working and will fail most companies.

"A time of declining earnings"? Is that what you call this? It's a death spiral and they should call it that.

"Ginni, the BoD, and large shareholders of the highest order" are all only interested in their own wealth. They do whatever it takes to manipulate the stock price. When the company collapses and their tricks stop working they'll sell out and move on to the next company. Too bad about all those customers and employees who get buried in the rubble. Never have so many suffered so much for so few.

criminal indeed

"Outrageous!?!? Just absolutely absurd. Clearly collusion between Ginni, the BoD, and large shareholders of the highest order."

Sorry - "absolutely absurd" just doesn't cut it! More like f***ing unbelievable. It is just simply criminal what has been going on at IBM board level.

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IBM hosts subdued shareholders meeting in Tampa

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