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Friday, January 29, 2016

IBM's CEO writes a new chapter on how to turn failure into wealth - LA Times

IBM's CEO writes a new chapter on how to turn failure into wealth - LA Times: "ni Rometty! You've led IBM to 15 straight quarters of declining revenue! Your profit was down 15% last year! Your stock price has plummeted by 36% from its peak! What are you going to do next?"

"I'm going to the bank, to deposit my $4.5-million bonus!"

For IBM shareholders, Ginni Rometty's four-year reign as chief executive officer hasn't been anything to go to Disneyland about. But her company has become a leader in one corporate category: board members willing to shovel incentive pay at a CEO turning in a worse-than-mediocre performance."



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