With an IBM Company Down Over 75% After Apparent Accounting Fraud the IBM Insiders Want Answers From James Krabanaugh
If Kyndryl was a product of "financial engineering", then we must all remember that at the time of its formation (and since 2018) James Krabanaugh has already been the CFO, i.e. the architect of what we're now seeing at Kyndryl
Yesterday:
- IBM's Kyndryl Managed to Fall to Less Than a Quarter of Its Past Year's High
- Kyndryl CFO Harsh Chugh Comes From IBM (17+ Years)
- IBM Could be the Next Kyndryl, a Dinosaur With Accounting Fraud
Yesterday was quite a day or one heck of a day for International Buybacks Machines. Later in the day, on Monday, all those people who who had long accused IBM of cooking the books... got something! The same day and the following day people said that what happens in Kyndryl is also happening in IBM, but IBM is better at hiding it or rubbing shoulders against the dictator's. He would protect them.
Here are some comments from the past few hours:
If Kyndryl is now audited for financial fraud (false accounting), then so should IBM. PwC didn't do its job and the CFO was in effect not audited by anybody. He's a former bankster (since the 1990s) and James Kavanaugh worked for AT&T back then.
He has no technical qualifications. He probably has a poor grasp of any of the products or services at IBM, yet he lectures people about "upskilling". How much does he or IBM spend on "P.R."? █
Posted a day before a CFO 'resigned' (likely belongs in prison):
