IBM is in serious trouble. Big Blue, as the company is known, tends to rely on magical thinking for its success, but that magic ran out a long time ago.
The trouble began back in the 1990s and IBM had to hire, for the first time, an outside CEO. Lou Gerstner saved the day, pushing IBM into services with spectacular results, but not without consequence. As services became commoditized, IBM could compete only by offshoring the work. Quality suffered. In addition, Gerstner’s compensation was very high, which impacted IBM negatively. In IBM history, only the Watson family hit rich running IBM. Later CEOs, like John Opel and John Akers, lived comfortable lives with many perks, but weren’t BIG RICH. That changed with Gerstner.
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And Hillary can use the men's room, and she doesn't have to change clothes, it's her Mao pantsuits that will fool the other occupants.
The RA calls came yesterday with the peoples last day being august 18th. May 31 is the last day for the people who got the call in March.
Managers have been asked for a slate of names. They will wait till the June 1 layoffs are done, let the dust settle, then the next round will begin. Jobs are ending here and are being sent to lower labor cost markets like Costa Rica, Brazil, Romania and India. While people here loose their jobs, the board and Ginny and her team of rat escarpment managers take millions in stock and bonus money. IBM at its worst
that will give them a big , one time charge for 2016 and reduce tax burden ...
if IBM , or any other company looking to reinvent itself and build new markets , should need more human
resources , not trimming the workforce ....
IBM continues to be in survival mode ... only solution is to absolutely break itself up and become a smaller
as for attracting new human resources ... nobody in tech is looking to hire 30 somethings and the
younger candidates have far sexier options than to join up with a flailing company .. .garce
i wouldn't go back that far ..
in 1982 .. it was the US Govt that was throttling IBM .. with that insidious Xerox case .. IBM was bound on
all sides and limited to it's iron production for business , instead of developing new businesses ..
a relative of mine was a corp lawyer for IBM and he told me that during that period , IBM was giving away
crown jewels in the form of selling / licensing patents for things that they could not use or risk the
govt breaking them .... the culture that was created during those years was not able to change once
Ronald Reagan took off the treasury shackles ... gar
liberals love higher taxes, more debt and votes of the growing numbers of poor. Liberals