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cough Ginni Rometty cough Absolute joke of a CEO. Drove IBM to the ground during her tenure [0], gets $20M [1] for her service. What an absolute disaster to wa

cough Ginni Rometty cough Absolute joke of a CEO. Drove IBM to the ground during her tenure [0], gets $20M [1] for her service. What an absolute disaster to watch. A quote from [1]: > Rometty has previously attracted criticism over executive compensation bonuses, espicially amid all the staff layoffs, outsourcing and revenue decline that IBM has experienced over the years. > Indeed, under her leadership IBM posted over 24 consecutive quarters of revenue decline. [0] https://www.cnbc.com/2020/01/31/ibm-was-worst-performing-large-cap-tech-stock-during-romettys-tenure.html https://www.cnbc.com/2020/01/31/ibm-was-worst-performing-lar... [1] https://www.silicon.co.uk/workspace/ibm-ginni-rometty-20m-335402 https://www.silicon.co.uk/workspace/ibm-ginni-rometty-20m-33...

insanitybit 3y ago
As a former CEO, nothing disgusts me more than executives taking massive payouts during a layoff. Sickening, psychopath behavior that in any just society would leave you forever ostracized.
kaashif 3y ago
This one is particularly interesting to me because there have been positive books written about her, and she gives interviews about he management approach where she says pretty standard stuff. Why would anyone buy those books or want to interview her given her results? Other than to hear about what not to do I guess. Is the counterfactual that it would have been worse without her? Seems somewhat dubious.
- antisthenes 3y ago
  The counterfactual is that when you're a high profile person, there's always going to be good AND bad stuff written about you simultaneously. And it's almost impossible for an outsider, or even people who don't deal with the CEO directly in their day to day (so VPs and up), to know how much the written article resembles the truth.
belter 3y ago
That pales compared to another "successful" CEO: "Dissecting Marissa Mayer’s $900,000-a-Week Yahoo Paycheck" - https://archive.ph/Q09Bd https://archive.ph/Q09Bd
gretch 3y ago
I’m not a fan of rometty or ibm by any stretch, but maybe the correct perspective is that she did the least worst job possible (from the perspective of the share holders). What I mean is, I doubt that anyone alive could have turned the ship around wholly. Maybe her job was just to squeeze as much milk out of the cow as possible while ibm slowly fades away.
- BossingAround 3y ago
  You're implying that IBM cannot be saved, yet the ship seems to be slowly turning now, isn't it?

insanitybit 3y ago

As a former CEO, nothing disgusts me more than executives taking massive payouts during a layoff. Sickening, psychopath behavior that in any just society would leave you forever ostracized.

kaashif 3y ago

This one is particularly interesting to me because there have been positive books written about her, and she gives interviews about he management approach where she says pretty standard stuff. Why would anyone buy those books or want to interview her given her results? Other than to hear about what not to do I guess. Is the counterfactual that it would have been worse without her? Seems somewhat dubious.

antisthenes 3y ago
The counterfactual is that when you're a high profile person, there's always going to be good AND bad stuff written about you simultaneously. And it's almost impossible for an outsider, or even people who don't deal with the CEO directly in their day to day (so VPs and up), to know how much the written article resembles the truth.

belter 3y ago

That pales compared to another "successful" CEO: "Dissecting Marissa Mayer’s $900,000-a-Week Yahoo Paycheck" - https://archive.ph/Q09Bd https://archive.ph/Q09Bd

gretch 3y ago

I’m not a fan of rometty or ibm by any stretch, but maybe the correct perspective is that she did the least worst job possible (from the perspective of the share holders). What I mean is, I doubt that anyone alive could have turned the ship around wholly. Maybe her job was just to squeeze as much milk out of the cow as possible while ibm slowly fades away.

BossingAround 3y ago
You're implying that IBM cannot be saved, yet the ship seems to be slowly turning now, isn't it?