IBM Lost Nearly 33% in "Value" in 3 Months (Shares Down $100), But Nobody Held Accountable
Hours ago:
Closing and after trading hours (same):
This is getting noticed:
The S&P 500 rose by about 15-20% in the same period IBM sank about $100 and lost about 33% of its "value". Prior to "Gin" and "Arvind" IBM was one of the most valuable 'tech' companies in the world, probably the most valuable (bar Apple) at least temporarily.
Several people in the active discussions at thelayoff.com have asked (earlier today) why top-level IBM management isn't held accountable for the failures, not only as measured by the stock market but even objectively when it comes to failure of products, especially the slop offerings. Watch what's being said about who gets promoted in IBM:
![I used to think working hard was the path to promotion, before I watched three people who barely do their jobs get ahead because they know the right people. Now I spend more time on politics than on actual work, and I feel no guilt. That's just how this place works. [troll/slop]](/i/2026/05/ibm-promotions.png)
Brutal.
More examples of this today in other threads. How low need the stock go for the Board (headed by the CEO) to sack the CEO?
This is a truly dysfunctional company. There is no oversight. Audits of IBM's books (financial engineering) is done by a private company paid by IBM. This won't end well. █