Challenging Forbes' 2020 World's Best EmployersNo, I do not have the data with which to offer a knowledgeable opinion if Samsung Electronics or Amazon deserve the #1 and #2 spots, respectively, on Forbes’ 2020 Best Employers list. I do have enough data and experience, though, to have serious doubts if IBM deserves to be recognized as the world’s third-best employer. Thankfully, we live in a democracy supported by an economic system that encourages the free flow of information and divergent opinions. After reading this article—whether you agree or disagree—your thoughts are appreciated and will be respected. Let’s start with one of my favorite sayings from B. C. Forbes, the founder of Forbes. “With All Thy Getting, Get Understanding.” B. C. Forbes, Forbes, “Fact and Comment” editorial tagline Forbes went out "getting" information, but did they "get understanding?" Peter E. Greulich Select the image or link below to read the full article.
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Elbert H. Gary, President of U.S. Steel Did Not Listen to Wall Street."Gentlemen, we do not manage our corporation for the stock market. . . . "If I were a speculator on the Stock Exchange, buying today in the hope of selling tomorrow, . . . I might be glad to have the management of a corporation take some action in . . . declaring dividends . . . which temporarily advanced the prices of securities. . . . [Then] leaving management to shoulder the trouble—if it came afterwards … [and] the action proved to have been improvident." Judge Elbert H. Gary, President of U.S. Steel IBM has spent $201 billion since 1995 on share buybacks (repurchases). I wonder if Arvind Krishna wishes that he had some of those dollars spent by his three predecessors on paper to now invest in people, processes, and products Peter E. Greulich
Employees Are Not Participating in IBM's Employee Stock Purchase Plans."The only way to know if you have truly touched a man’s heart is when he reaches into his back pocket for his wallet." An old televangelist witticism Sometimes research produces one chart that seems to say it all. In this case, this graphic is fromTHINK Again!: IBM CAN Maximize Shareholder Value – The Rometty Edition. Consider this employee trend when deciding where to deposit your next investment of time, loyalty and money as one of IBM’s future customers, shareholders, employees or supportive societies. Select the image or the link below to read the article and see the one graphic that says it all. One of IBM's major stakeholders—its employees—are no longer vested, or investing, in their corporation. Virginia (Ginni) M. Rometty's Revenue and Profit PerformanceRevenue and Profit Performance Deteriorated
Select the image or the link below to read the information and see the charts. Virginia (Ginni) M. Rometty's Revenue and Profit Growth PerformanceRevenue and Profit Growth Were in the Ditch
Select the image or the link below to read the information and see the charts. Virginia (Ginni) M. Rometty's Revenue and Profit Productivity PerformanceRevenue and Profit Productivity Were a Disaster
Select the image or the link below to read the information and see the charts. Evaluating Virginia (Ginni) M. Rometty's Market Strategies: The Demand-Side StrategyThe New Demand-Side Strategy Worked — At a Price
Select the image or link below to read the full article. Evaluating Virginia (Ginni) M. Rometty's Market Strategies: The Dividend StrategyThe Dividend Strategy Proved Pointless
Select the image or the link below to read the article. Evaluating Virginia M. Rometty's Market Strategies: The Share Buyback Strategy.The Supply-Side Market Strategy Failed
Select the image or the link below to read the full article. Evaluating Virginia M. Rometty's Market Strategies: Impact on Shareholder ValueMaximized Shareholder Risk
Select the image or link below to read the full article. Evaluating Virginia M. Rometty's Market Strategies: Impact on Shareholder Returns.Minimized Shareholder Value Questions answered by Virginia M. (Ginni) Rometty's key performance indicator #1:
Select the image or the link below to read the article. |
Peter E. GreulichPeter E. has been studying IBM and early American corporate history since his retirement in 2011. These are his thoughts and musings, and of those whose biographies and autobiographies he has read with links to articles and book reviews on this website. Contact the author directly.
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