IBM's Financial Engineering (Accounting Fraud) Shell, Kyndryl Holdings Inc, is Insolvent

posted by Roy Schestowitz on Feb 11, 2026

Market capitalisation:

Market capitalisation of Kyndryl Holdings Inc

Its debt is about twice as large as its "market cap":

Kyndryl Holdings Inc's Total Debt

Created with debt by IBM when its CFO (still its CFO) was James Krabanaugh (Kavanaugh)

Kyndryl's current (interim) beancounter is from IBM, so he will need to cover up for IBM and hide what's really happening at Kyndryl.

You need not have a degree in accounting to see what's happening here. If this was done by the very same people who still run IBM, can we expect any better from "Sugar Daddy" IBM?

Engendering tolerance for corrupt officials isn't an option. If the company goes under, all its employees will be "out in the streets". No matter how "healthy" it claimed to be weeks earlier. You don't hide cancer, you treat cancer. █

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