Ginni Rometty's dubious record — but excellent pay — at IBM
Let us pause to say orisons over the career of Virginia Rometty as CEO of the computing behemoth IBM.
On Friday, when the broad market gave up 1.77% largely on coronavirus fears, IBM gained more than 5%, closing at $143.70. It’s reasonable to take the gain as a signal that investors are hoping for better results under new management.Rometty’s reign included one stretch of 22 straight quarters of declining revenue. That run finally ended in the fourth quarter of 2017, but the company’s annual results continued to be dismal.
Overall, the company was in troubled condition for most of Rometty’s tenure. One reason was that it was unable to keep up with competition in cloud services, the flavor of the decade in the information services field.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Ginni Rometty, The Trailblazing Tech Icon And CEO Of IBM, Is Stepping DownGinni Rometty, the trailblazing tech icon and CEO of IBM, steps down. She intends to remain the company’s executive chairman through the end of the year
Consulte Mais informação »
IBM CEO Ginni Rometty got $5 million cash bonus in 2019 - Business InsiderOutgoing IBM CEO Ginni Rometty made her full $5 million cash bonus in 2019, and might still get another $13.3 million in stock
Consulte Mais informação »
Wall Street analysts pushed for IBM CEO Ginni Rometty to retire - Business InsiderWall Street analysts and pundits were pushing for Ginni Rometty to retire as CEO, even after a killer quarter and promises for more growth
Consulte Mais informação »
IBM CEO Ginni Rometty steps down; Arvind Krishna named as successorGinni Rometty, IBM's first female CEO, took over a company that had fallen behind in the cloud computing race. With IBM finally returning to growth, she is stepping aside.
Consulte Mais informação »
Ginni Rometty Stepping Down as IBM CEOGinni Rometty is stepping down as chief executive of IBM, retiring after almost 40 years with the company. She will be succeeded by Arvind Krishna.
Consulte Mais informação »