Founder of IBM Ventures Has Just Quit IBM
As reported 5 hours ago:
Some people leave IBM and many people 'leave' IBM (get pushed out in one of many ways). To some, IBM is going nowhere fast, so either they retire early or look for possibilities elsewhere. There are many who get "RA" pink slips and some who get "the message"... when they're marked as "low performers" or get placed on a PIP.
That IBM is not doing well would be an understatement; but the company cooks the books and the mainstream media never wants to talk about it or investigate it.
What shall we call a company whose debt is almost twice as large as its "market cap"?
5 years ago the market cap of IBM was 77 billion dollars:
That's when IBM reported that its so-called 'goodwill' value was ~67 billion dollars:
Do those numbers add up? What has changed since then? Endless buzzwords-dropping, notably "quantum" and "hey hi". █
