post #11 of 11
Quote:
Originally Posted by BigDaddyBleeder View Post

smile.gif This is not the place to talk about IBM so I'm not going to get into the low level details of way this is not the place to work at this time. I work for IBM and after 28 years I would say that these last 6 or so years have been the worst. Ever since IBM has stated to share holders that they would have $20 earning per share by 2015 things have start going down hill very fast.

No raises, resource actions (letting good valuable people go for no good reason to save money - like your dad letting 100 people go just before Thinksgiving - asking your dad where the work that these people where doing went - also ask him if the people had 30 days to find another job in IBM or they would be gone from IBM for good. Funny how that 30 days falls before the end of the year - that way it works into the books and the year end numbers end up looking better than they should have), bonuses that don't reflect the billions of dollars of profit being made year over year. In the US there have been 10% pay cuts and just last month an entire division has been furlough'd just to save on the cost of paying employees to make the quarters earnings look better.

We are a dedicated bunch of people that still work for IBM. We still believe that this can be the company that other people think we are. But, we just are not that company right now.

The stock market and the short sighted people that view the worth of a company on just 3 months of reported earnings are killing IBM and many other companies.

Sad times these are if you are at a very large corporation that is traded on the stock market. sadsmiley.gif

Shareholders are one of the worst possible things for a company; it is all too common for a company to go public and then go south.
    
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CPUMotherboardGraphicsRAM
Intel i7 5820K AsRock Extreme6 X99 Gigabyte GTX 980 Ti Windforce OC 16 GB Corsair Vengeance LPX 
Hard DriveHard DriveCoolingOS
Samsung 840 EVO 250GB - HDD Speed Edtition Samsung SM951 512 GB - I still hate Samsung!  Noctua NHD14 Windows 10 
MonitorMonitorMonitorKeyboard
Achieva Shimian QH270-Lite Overlord Computer Tempest X27OC  Acer Predator XB270HU Filco Majestouch 2 Ninja 
PowerCaseMouseMouse Pad
Seasonic X-1250 Fractal Design R5 Razer Naga Razer Goliathus Alpha 
AudioAudio
AKG K702 65th Anniversary Edition Creative Sound Blaster Zx 
  hide details  
Reply