The timing is very very good. A very weak quarter, markets are stable and the macro outlook looks placid. It's time to pull the plug and pump in some fresh blood into the system. Let's have a CEO with a tech vision, someone who can turn things around. They way we have it right now works only for the C-level line-up, they leach off the company's coffers and contribute nothing.
Let's change things!
Cut her some slack. It's tough to successfully run an I/T company while you're schmoozing at Augusta --
https://www.ibm.com/blogs/think/2019/04/celebrating-a-historic-first-augusta-national-womens-amateur/
"Need a technology-proficient board to take over"
Also one whose average age isn't approaching 70.
Need a technology-proficient board to take over, no handing over to inside cronies.
Slash, slash, slash middle management.
IBM has bet the farm on Red Hat, and that clock is ticking.
IBM needs a board and all levels of management cleaned out. No trust and many have no idea what they are doing. When I left in 2017 , my boss told me she didn’t know what she was doing. Young and promoted because a female, just wrong.
7 years and 28 quarters later. Has she brought any insight that the company has used for its advantage? I believe Ginni came in under the “old” IBM, and was underwater from day one. The industry was changing at warp speed and Sam saw it and bailed with his parting gifts. Ginni inherited a shrinking technology company that had invested in manpower services for the previous 7 years. She continued on that glide path even though services was fading at the expense of cloud and “as a service”. Where it gets quite interesting is Z has a history of being a cloud / as a service offering, but that completely blew by Ginni as she doubled down on outsourcing/manpower services. All of that was muddied via the financial games she played to string Wall Street along. NOW it is finally coming home to roost. She was in over her head, she never saw the changing landscape, she invested where she shouldn’t have, and she is leaving a financially crumbling empire that has no personnel to fall back on. Hell of a job Ginni hell of a job. PLEASE LEAVE and take all of the exec management team with you! IBM Board hang your head in shame NOW lets get to work via hiring a new up to speed CEO and start replacing the departing exec management team. In the mean time 30 days severance for all of our departing players.
Her exit was planned as soon a the red hat deal was announced. It'll close, and a year or so later she will retire and the RH ceo will take over. A $37b succession plan.
Yep
The Board is negligent. What a joke of a CEO she is for what was once an iconic American company. She has been an adjunct failure. Same excuse every quarter for the past 7 years.