"The slow-motion horror show that is IBM under CEO Ginni Rometti [sic] continued with this month's quarterly financial results."
That's the opening sentence of the article. . .
https://www.zdnet.com/article/ibm-still-failing-after-all-these-years/
3 replies (most recent on top)
Bezos doesn't take questions at quarterly earnings calls - that's alright considering Amazon is #3.
Elon is in a difficult place but has the technical guts to face the tough questions.
Ginni doesn't even show up for questions - simply unacceptable given the sheer magnitude of what is at stake.
Shareholders to also ask IBM to shine a strong light into the woodwork to expose more "favors" done. The flash-in-the-pan wear creative labels that suggest executive, visionary, evangelist, lead, technical, senior. Are they rewarded for creating new business or for merely saving cost in products that desperately cling on for relevance?
The public understood tabulating machines because smart people explained them in simple language. Now IBM showcases with bombastic words and slurred speech about how futuristic outer-space missions and deep-sea research is what the doctor ordered for the "enterprise" customer, uh, no simple explanation possible, uh-uh no exit date.
Back on planet earth customers "get it" and reward Amazon with a 200 PE.
The future of IBM is in the hands of its shareholders. Real change will happen if the media would instead compare Ginni with the new heads at Microsoft or Google.
(above was copied from an earlier post)
The zdnet article does exactly this. Please continue to blog and tell the press your story behind the story - no woe is insignificant, nothing can be overstated. Let it strike the media that "it's the management, stupid!".
Enough about IBM being a big ship making a wide turn that will take longer (than its products will be relevant). The press blunders when it contrives reasons to explain the five+ years of losses and layoffs.
It is time that SHAREHOLDERS are alerted to the real story behind the story. Let them chop-chop-chop and replace the CEO and rid the surprising bloat of tech-clueless middle management.