IBM CEO Can Become a Billionaire by Laying Off Tens of Thousands of Workers (or Buying Companies Using Borrowed Money, Only to Lay off Thousands in Them)

posted by Roy Schestowitz on May 30, 2026

Like he did Confluent recently

This morning: IBM: The B Turns From "Business" to "Bailouts" to "Buybacks" ("IBM is the Next Intel")

International Buybacks Machines or International Bailouts Machines is making the rich even richer. It doesn't matter what happens to the actual business (rather than shady/illegal accounting) at International [Monkey] Business Machines. There's no real oversight, no regulation, no enforcement thereof.

thelayoff.com has been deleting whole IBM pages (many comments) that are on-topic while leaving purely trolling pages (rage-baiting, pro-IBM propaganda) intact, so this one might be deleted soon. Replicating it in case it goes away:

Fascinating data on IBM exec insider trading will stun you millions and millions granted then sold - while layoffs RA's PIPs all hockey stick up

Absolutely fascinating data and insights into the gluttonous IBM executive insider trading going back to 1994. Many of the execs are granted tens of thousands of shares of IBM stock and then immediaely sell them for millions of dollars.

https://www.barchart.com/stocks/quotes/IBM/insider-trades?orderBy=amount&orderDir=desc

For example the guy who destroyed IBM when he came in like a king 4-1-93 G Man Gerstner sold $350,000,000 (!) in IBM stock he was awared as grants in just 3 yrs 1998-2001!!!

Perhaps someone much better with data analytics can play with this site and come back and show us to absolute greed these people have done as they cut the IBM US population by 75% +/-. STUNNING!!!!!!!!!!!!!!!!!!!!!!!

Another example IBM Vice Chairman Gary Cohn (typical slimy Wall St guy and invisible at IBM for the last 5 yrs, 25 yrs @ Goldman Sachs) seems to have been given and then quickly sold $66,000,000 of IBM stock in 5 yrs!

And of course our beloved and humble CEO Arvind...please find a chair...he seems to have amassed (ie awarded himself) 658,000 IBM shares...At closing price of $300....that is $197,000,000!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

So he borrows tens of billions of dollars (on IBM's name/account), lays off people smarter than him, then pockets money that could keep 1,000 engineers employed. █