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IBM generates $15b of free cash flow per year. They did not need to raise anything from Wall Street. And the notion that Wall Street would somehow interfere wit
by xadhominemx 5y ago
IBM generates $15b of free cash flow per year. They did not need to raise anything from Wall Street. And the notion that Wall Street would somehow interfere with an internal succession process because they thought a brilliant tech executive was not very polished is laughable.
- osipov 5y ago>IBM generates $15b of free cash flow per year. The cash flow number obviously varied year to year. If you think that Wall Street doesn't have a veto power in the selection of a public company's CEO you are very naive.