Ginni gone in 2019?

We wanted to Ginni to do better. Such promise in 2012 - along with hope for some real humanity in the nasty world of IBM senior management.

The reality has been so different.

Twenty two consecutive quarters of declining top-line revenue. $106 billion in 2012 plunging to $80 billion in 2018. In that time period, IBM has made nearly 50 acquisitions. When measuring organic revenue, the drop is more like 50%.

This points to the problem that we all know is true: IBM senior management is woefully incompetent and out-of-touch. Just like the 1950s business people they resemble.

IBM executives routinely produce great spreadsheets suggesting turnaround in imminent - this time for sure. When failure inevitably occurs, they are equally skilled at showing why declines are not their fault. Can they execute on a plan? No. And why should they? Generous bonuses and almost no accountability is the rule. It all starts at the top.

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I feel sick to my stomach whenever I see GR’s picture. Her time as CEO has been a waste of six years. Constant stock buybacks to manangr EPS and keep her and the board employed. What a horrible use of capital, tens of billions spent ove the last decade with nothing to show but declining revenue and market cap. The low PE today reflects the markets belief in little future growth opportinities. To top it off the $34b RHEL purchase will load the company with debt in a rising interest rate environment. The death blow IMO.

It's anyone's fault who still takes directives from Ginni and follows through on them.

The board certainly deserves a LOT of the blame here. They determine the exec management teams pay and bonuses. What they have been looking at for the past 3-4 years (YES I’m giving them a three year year get out of jail free pass on Ginni’s first 3 years) is beyond me. Now it’s time to look in the mirror and make some hard choices

Remove the exec management team (no bonuses, no parting gifts, just walk with your base pay)
No pay for the board until growth returns. If asked to leave by the new CEO no parting gifts
New board and exec management team must take a hair cut when it comes to compensation

YES these are harsh. BUT the company is dying and harsh actions are all that is left to save it.

Such a great post

+1 from me

F__k all that. For tens of millions of yankee dollars a year i’d run a company that pretends to do important things for the future of humanity too. Like using ai to come up with new recipes, advertisements, ah-hem bad oncology achh. You go ginni.

The Board need be dismissed, since it has committed crime of dereliction of duty. NO ANY action on Ginni's extreme poor performance of a couple years!

It is not Ginni's fault. it is the Board's.

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Ginni gone in 2019?

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