Kyndryl Also in a Freefall Today, James Kavanaugh's Accounting Skills Seem to be Based on Pumping and Dumping

posted by Roy Schestowitz on Feb 23, 2026

IBM Common Stock down 11% today (in one day).

11 days ago: IBM Bubble Deflating After James Kavanaugh's Accounting Trick With 'Toxic Assets' Comes Under SEC Scrutiny

Today:

Kyndryl Holdings Inc

2023: Tech job bloodbath comes to IBM, CFO [James Kavanaugh] links layoffs to Kyndryl, Watson Health

2022: "Kavanaugh said that all of the transaction processing growth came from IBM's commercial relationship with spin off Kyndryl."

IBM critics, many of them insiders, are having a day field today. The management they loathe has a lot of explaining to do.

Why was the stock boosted while debt surged and employees got sacked left and right?

Based on what exactly did IBM's stock rise? What is the real value of Kyndryl when its debt is about twice its alleged "worth"? It seems to be insolvent already. Was IBM's CFO just debt-loading a newly-minted shell and, if so, was this legal? █

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