Sunsetting IBM (for the Benefit of Few Corrupt Officials and Wall Street Speculators)
3 hours ago in an habitual slopfarm:
Part of a new series of fawning puff pieces: (notice obsession with buzzwords/hype)
IBM will not (and cannot) survive for much longer. It is being ripped apart to pieces and sold off for short-term gains (benefits to the few who don't look far ahead). As someone rightly recalled last night:
IBM did not make it to 100 years with near term decisions. For example, the PWC acquisition took 5+ years in planning as to what to do in the Business Consulting market, since very few companies viewed IBM having the service. GJ become CEO when Bob Moffat was politically as-----nated, his disclosure of NDA matter was an insignificant fact. The next 2 after Bob declined as they saw the political infighting was not being reigned in. Softlayer was the results of multi-year planning when the On-Demand campaign was not resonating. Arvind was not the architect of RedHat, it had been in the strategy for years as a pivot. Part of that Deal was to install Jim Whitehurst as CEO after a couple of years learning the company. Arvind was to be interim. The issue is that Arvind believe he could manage and grow the company, so decided he did not want to step down. Hence Jim Whitehurst left. Jim's track record/resume blows Arvind away. So do a little research, reflect a bit and then try again to tell us what a Savant Arvind is...
This theory about Whitehurst is not baseless; many spoke of it at the time and the reason Whitehurst left is that the promise or the plan had been squashed by Arvind The Great.
This is well documented. Arrogance and Hubris doom IBM.
Now IBM seems so stingy that it fights staff over pennies and dollars (the 'peanuts') while cooking the books.
Some hours ago somebody wrote about how irrational the distribution of salaries became: "IBM is cheap and cheats. All the cheating is done to be able to pay for the stup1d Idian id1at the top the huge $100 million bonus.. HAH, with the stock plunge, IBM will cheat and steal more from the employee" (or borrowing money)
But "for the US," someone else said, this is "standard annual entitlement".
"In the US," another one added, "employees accrue days per month. So the number of days you were due is dependent on how many days you accrued. Also IBM does not pay out for Personal Choice Days or Carryover Days from the previous year."
In a healthy company, HR would try to be nice to people laid off. At IBM, however, laid-off staff receives surprise bills!
The word about it spreads through the grapevine; it become karma as workers get angry and disillusioned.
There's a whole bunch of IBM puff pieces today. They try to "explain away" the recent collapse, mostly by diversion or saying a bunch of stuff about COBOL (even if the collapse predates this thing by hours). IBM insiders know that this is an excuse and a smokescreen; it helps divert attention away from core problems.
The bad leadership is an ethnic mix (both the Board and Arvind's "cabinet"). The issue is bad leadership, not any particular nationality/race. █
Image source: Solar Eclipse