IBM's 33 Years as a "Financial Engineering" (Accounting Tricks) Company
Tomorrow it'll be exactly 33 years
Asking about the recent rumours regarding B10s: "Have any Band 10s in IBM Federal Government Consulting been laid off?"
Someone responded:
Growing up in the 1980s, you'd think computers and IBM were still one and the same. Even more so in the 1970s. That's when RMS was working as a developer, having been studying manuals or other IBM material as a child. He gave a public talk some days ago and most likely talked about GAFAM, not IBM.
IBM barely matters anymore, but after buying Red Hat it is having an impact on many things in GNU/Linux.
"When did IBM become so sneaky and weird. Like they love to talk about their principles etc but then in reality they pull sh-t like this," someone said some hours ago, only to be reminded that almost exactly 33 years ago IBM was demolished by a never-ending sequence of mass layoffs: "4-1-1993 when the G Man Lou Gerstner came in and laid off well over 100,000 great IBM folks over 18 months and burned the original 3 IBM Basic Beliefs that every IBMer took to their graves and executed every day. Respect for the Individual, Excellence in everything we do, Best customer service in the world. Simple but actionable and powerful. He left with a $400,000,000 golden parachuted. Wasted $3,500,000,000 buying Lotus. SMH (not shaking my head but SO MUCH HORSE*(&^ ) Started "financial engineering" which guts the company while propping up stock price that drives disgusting executive pay and bonuses."
In relation to Red Hat, this "financial engineering" involves culling many workers and trying to replace them with slop. We see a lot of that in Fedora these days. This will not end well. █
