Is Alvind purposely trying to pork up the balance sheet so much , he wants more obligations ?
I was told the company needs to be leaner and they need to bring down costs but what the he11 are these acquisitions for ?
Just good press? Bragging rights ?
Make it make sense
@ch hope there will be a target on his back and on his Pipmunks after he leaves - he needs to be unemployed. He has done nothing but pretend that he knew what he was doing and destroy a great company in the process. IBM management will spin out a new mantra within a couple of weeks after he has gone. If they are smart they will replace the Indian cabal with AI. And to heck with their H1B visas for Indian consultants and technologists who can't do their jobs, so they have to come over to the US to take the jobs from others. Then cannot fix their overpopulation problem which they ought to do first - China has got a whole lot of control on theirs.
And don't forget "CAMSS" and that weird "Personal Social Dashboard" score thing.
This company just su-ks.
Remember how we had to get those useless badges for that as well as Design Thinking
Think 40?
More like Stink 40
Remember when "Agile" was going to save us? Remember all those id--tic Agile classes we were required to take? I guess "Stand-up Meetings" and "Mood Marbles" weren't the magic answers after all, huh?
Estimates of IBMs debt as of today is around 67 Billion Dollars
How does Kavanaugh keep his job? He’s the Effing CEO and these acquisitions have not paid off at all
It’s just to keep IBM in the news and bragging rights
Another acquisition of a company nobody ever heard of
And then there is Alvind who got played like a fiddle
He’s the worst negotiator ever. Agreeing to a bloated premium to buy Red Hat
That g00ber was the architect of that calamity
IBM Success stories from 40-50 years ago don’t guarantee current success, especially in IT.
Tech industry is too fast to be conservative and to repeat itself
AK is going to announce his retirement as CEO in late January after Q4 earnings come out. He'll stay on a little longer as Chairman before handing that over to the new CEO. He just has to keep the charade going a little while longer. If IBM collapses the day after he leaves he doesn't care, not his problem any more.
@am
"it’s leadership that has completely lost its soul"
skillless, greedy, no integrity, and no fear of reprisal
@a2 not sure what you mean by Power11 and Power12. Power11 just came out. Power12 is rumored to be in planning. It could be IBM's Power business went from a $10B business to a $2B business. Power architecture came out in 1988 with AS/400 and RS/6000 so 37 years is one heck of a run but IBM let the ecosystem of software for them get stale and x86 pretty much took over the world...
⸻
Arvind Krishna’s greed will sink IBM — and CFO Jim Kavanaugh is the perfect partner in corporate destruction.
IBM was once a symbol of innovation, pride, and loyalty. Now it’s run by executives who hide behind buzzwords like “AI transformation” and “upskilling” while gutting the very workforce that made the company great. Kavanaugh, a bloated paper pusher who’s never built anything of substance, preaches “career growth” while signing pink slips by the thousands. And Arvind Krishna — the architect of this slow-motion collapse — calls it “efficiency.”
Let’s be honest: it’s greed. It’s short-term stock manipulation disguised as “strategy.” It’s executives enriching themselves while destroying livelihoods and morale. IBM’s biggest problem isn’t competition — it’s leadership that has completely lost its soul.
You can’t “transform” a company by erasing its people. You can’t innovate when fear replaces pride. And you can’t claim integrity while betraying those who carried IBM through decades of change.
History won’t remember Arvind Krishna and Jim Kavanaugh as visionaries. It’ll remember them as the duo that sold out a legacy for bonuses and buzzwords.
Gin 'N Tonic (Ginny) was a crook and a thief. Alvind is desperately trying to outdo her embarrassing record.
Reasons to be cheerful ....
The devil is in the details, Bankruptcy laws and creditors.
Infrastructure will be sold separately to the Indians.
Power11 was a fiasco and Power12 is dismal, apparently.