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I joined IBM straight from university about 18 months before Watson at Jeopardy happened. I couldn’t understand what a mess IBM was. I was there for about 30 m

I joined IBM straight from university about 18 months before Watson at Jeopardy happened. I couldn’t understand what a mess IBM was. I was there for about 30 months. During my time they removed tea bags and instant coffee from the “kitchen” at the office to cut costs. They voluntold me to take a Lean Six Sigma course and I ended up working with a senior colleague on interviewing employees on what they spent their days doing so we could “help them be more efficient”. My god I was so “green”. Finally I saw the light and got the fuck out and joined a ln up and coming SaaS company and the difference was night and day.

pram 3y ago
Oh man seeing Six Sigma activated some PTSD from an old job. Haven't seen that mentioned in a decade lol
- sillywalk 3y ago
  Reminds me of 30 Rock: Jack Donaghy : There they are, the Six Sigmas themselves! Liz Lemon : They're dudes? Jack Donaghy : Each of them embodies a pillar of the Six Sigma business philosophy: Teamwork, Insight, Brutality, Male Enhancement, Hand-Shakefulness, and Play Hard.
jansan 3y ago
Interestingly their market capitalization is > $100 billion and the stock price is not that far away from it's all time high.
- drumhead 3y ago
  Which is not much really considering the value of their rivals like Microsoft, Amazon, Google or oracle.
- lotsofpulp 3y ago
  You have to compare it to the market to see opportunity cost. IBM’s 30, 20, and 10 year total return is 11%, 5%, and 2%. SP500 is 10%, 9%, and 11.5%. And SP500 is much less risk than a single company, so the risk adjusted returns look even worse. https://dqydj.com/stock-return-calculator/ https://dqydj.com/stock-return-calculator/ https://dqydj.com/sp-500-return-calculator/ https://dqydj.com/sp-500-return-calculator/