The Decline and Fall of IBM PDF ePub eBook

Books Info:

The Decline and Fall of IBM free pdf IBM is in serious trouble. Big Blue, as the company is known, tends to rely for its success on magical thinking but that magic ran out a long time ago. The company got in trouble back in the 1990s and had to hire for the first time an outside CEO, Lou Gerstner, to save the day. Gerstner pushed IBM into services with spectacular results but this hurt the company, too. As services have became commoditized IBM could only compete by offshoring the work and quality suffered. The other negative impact of Gerstner was his compensation which was for the first time in IBM history very high. Only the Watson family had become rich running IBM with later CEOs like John Opel and John Akers living comfortable lives with lots of perks, but they never got BIG RICH. That changed with Gerstner. Sam Palmisano an IBM lifer followed Gerstner as CEO and followed, too, the Gerstner playbook. Palmisano retired three years ago with a retirement package worth $241 million, replaced by IBM's first woman CEO, Ginni Rometty, who certainly expects a comparable golden parachute. In order to achieve these numbers, though, IBM has essentially sacrificed both its customers and employees. In order to have ever growing earnings per share the company has cut labor to the bone, off-shored everything it can, dropped quality, deliberately underbid contracts to win them then not performed. IBM's acquisition policy is one of buying companies to get their sales then cutting costs to the bone and under-delivering. This and share buybacks have kept earnings growing until this house of cards recently began to fall. Ginni Rometty, who will end up taking the fall for Palmisano's flawed strategy, has stated a very specific earnings goal for 2015 that she will destroy the company to achieve if she must. This book how IBM fell from grace, where it is headed, and what specifically can be done to save the company before it is too late.

About Robert X Cringely

Robert X. Cringely has been a Silicon Valley journalist and character for more than 30 years. An early employee of iconic companies including Apple and Adobe Systems, Cringely began his career as an engineer then transitioned into reporting and analysis, first at InfoWorld and since 1997 as one of the first Internet bloggers, first at pbs.org and now at cringely.com. His work has appeared in magazines and newspapers throughout the world including Forbes, The New York Times, Newsweek, MIT Technology Journal and many others. In addition to InfoWorld he has worked as a columnist for Inc. and Worth magazines and ASCII magazine in Japan. His previous book, Accidental Empires, was published in 18 languages. His television documentaries made primarily for PBS and UK Channel 4 have aired in more than 60 countries. Cringely lives in Santa Rosa, California with his lovely wife and three young sons.

Details Book

Author : Robert X Cringely
Publisher : Nerdtv, LLC
Data Published : 10 June 2014
ISBN : 0990444422
EAN : 9780990444428
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 202 pages
Age + : 15 years
Language : English
Rating :

Reviews The Decline and Fall of IBM



17 Comments Add a comment




Related eBooks Download


  • The Decline and Fall of IBM free pdfThe Decline and Fall of IBM

    IBM is in serious trouble. Big Blue. as the company is known. tends to rely for its success on magical thinking but that magic ran out a long time ago. The company got in trouble back in the 1990s and had to hire for the first time an outside CEO..


  • The Facebook Effect  :  The Inside Story of the Company That Is Connecting  ... free pdfThe Facebook Effect : The Inside Story of the Company That Is Connecting ...

    IN LITTLE MORE THAN HALF A DECADE. Facebook has gone from a dorm-room novelty to a company with 500 million users. It is one of the fastest growing companies in history..


  • Company Law free pdfCompany Law

    This highly accessible textbook offers an overview of company law. covering ta typical undergraduate company law syllabus . It enables students to see the area in it's full context. discussing the current debates surrounding company law..


  • It's Earnings That Count free pdfIt's Earnings That Count

    "It's Earnings That Count" introduces the Earnings Power Box' - a tool for identifying companies with a wide gap between their accrual performance and earnings. The features include six ratios investors can use to make smarter decisions..


  • The History of the Merchant Taylors' Company free pdfThe History of the Merchant Taylors' Company

    One of the 'Great Twelve' livery companies of the City of London. the Merchant Taylors' Company has been in existence for some seven hundred years. This new history will chart the remarkable story of the Company and its members from its origins until the 1950s..


  • The Decline and Fall of IBM free pdfThe Decline and Fall of IBM

    Free Downloads Of Books. IBM is in serious trouble. Big Blue, as the company is known, tends to rely for its success on magical thinking but that magic ran out a long time ago. The company got in trou