https://newsroom.ibm.com/Martin-Schroeter
9 replies (most recent on top)
There is a dark horse. Tom Rosamilia is chairmanNorth America. Named in Feb of 2019
"Martin Schroeter is Senior Vice President, IBM Global Markets, responsible for IBM's revenue, profit and client satisfaction worldwide " well how is revenue working out for him??? he would be a mistake.. just will more of the same.. need an outsider to come in and clean house in the upper levels.
Martin talks a good game but highly doubt he has any type of real long-term strategy. Translation = more of the same desperation scorched earth tactics and random RA's
@tgi Ibm is one activist investor away from a radically different ceo and breakup. That's why they keep the dividend high even if they have to go into debt to do it...most of the voting stock is held by pensions who care about cash flow not principal appreciation, and index funds.
Now if the pull Ibm from the Dow (and they should, it's not remotely relevant to the new economy) it'll shed from the indexes, and we may see a major drop.
Yup...bean counters and overly confident internal operations/glorified administrative and reporting teams create all kinds of tackle blocks to real innovation, thinking, and change other than cutting heads and process...because that's all they got in their brains...that's all they can think to do as they eventually ride their rules, cuts, and thug games out of business. How long until the div is cut? Watch your money in SDY...
Yes, it would be nice to see Jim become the CEO of IBM... unfortunately this is not in the cards. Schroeter the Eagle #2 is taking over and the financial engineering will continue and probably even be worse. IBM is really doomed!
You may be correct that Martin will be the new CEO. He is on the path that Ginni took. The question is can the board, and IBM risk it. They know what they have with Martin (financial engineering), but the street is demanding change. If Martin gets the job, IBM stock will most likely remain flat along with IBM’s reputation of financial games. Not quite the catalyst IBM needs to change their reputation. If Jim gets the job, it may inject some fresh air and new ideas into IBM (just what the street is looking for). If IBM was to spin off Low margin services, I could see needing a financial wizard to restructure it to make it profitable again. Right in Martins wheelhouse. The remaining IBM would be cloud, and cognitive focused. Right in Jim’s wheelhouse. One last point is CEO’s rarely go backwards in their career paths. I don’t think Jim would. Perhaps IBM would split the CEO and chairman positions to help steer the ship towards a profitable future. In any case, Ginni is at the door, and the IBM restructuring/rightsizing is her last task before she exits
I know it sounds crazy, but I'm hopeful Jim Whitehurst will be made CEO within a year. Investors would go crazy, IBM's stock would double... and a once-great company will finally become what it was.
Another beancounter in charge.
Product development will slow down.
Headcount will be reduced.
Nothing new.
He'll be in charge of dismantling this once great company - now watch us turn into Kodak