IBM has spent an astonishing US$100K, per IBM employee!, on stock buybacks in the last 3yrs alone, and they are committed to more than half of that additionally in the next couple of years. They are only interested in increasing equity value among executives. IBM executives have stopped investing in their people, instead focusing on their personal bank accounts. IBM has given up on the idea of organic growth with the talent that they have -- they would rather chop off what they don't know how to manage and acquire new skills through acquisitions. Innovation is dying on the vine at IBM.
