Why IBM Should Stop Buying Its Stock – WSJ.com

For the past 20 years, IBM has been an avid, methodical buyer of its own stock. In 1993, it had 2.3 billion shares outstanding. Today it has 1.1 billion, shrinking at more than 1% per quarter over the past few years. At that pace, there will be no more publicly traded IBM shares left by 2034.

via Why IBM Should Stop Buying Its Stock – WSJ.com.

This was a key reason that I decided to leave IBM. The current focus on earnings / share at the expense of all else isn’t becoming of a company with a 100 year tradition of innovation. In the quest of this it also looks like there will be another massive layoff in the next couple of months.

Still makes me sad, as there are tons of great people doing great work at IBM. But it’s more in spite of the executive leadership than because of it.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s