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: "On that day, IBM closed at $122.59. That was a drop of 37% from its peak of $194.34 (in dividend-adjusted terms) during her tenure, which was reached in September 2012, nine months after Rometty took the helm.

That stock price performance is not just bad. It's approaching Carly Fiorina bad. Fiorina took Hewlett-Packard's stock price down some 49% during her more than five years as CEO; since her firing in 2005 she hasn't had another corporate job and has been reduced to running for president. But Rometty is still in place at IBM, with no exit in sight.

One year ago, when Rometty was awarded her $3.6-million bonus, a 13.3-million-share incentive award payable in 2018, and a 6.7% bump in her base salary to $1.6 million from $1.5 million, we asked what the IBM board could have been thinking. The new bonus makes the question even more urgent, for the latest financial numbers are all pointing down. "



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