It’s fashionable these days to beat up on IBM and its CEO, Ginni Rometty.
It’s easy to point to a struggling share price, shrinking revenues across just about all of its traditional core businesses, a downright addiction to share buy-backs to prop-up share price and earnings-per-share ($4.5 billion worth of buybacks last year alone,a $125 billion worth in the decade prior.)
Plus there’s the never-ending layoffs handled with an almost paranoid sense of secrecy.
But an extremely cheerful Rometty opened the company annual investor’s day on Thursday to explain, again, where’s she’s leading the company and offer update on the progress.
“I’ve been looking forward to this day,” she told them with a big smile.