IBM CEO Arvind Krishna on his letter that ‘shocked’ business world, sent company’s stock over 25 percent down, making it ‘worst day’ in IBM history
Facing an impending quarterly earnings miss driven by shifting enterprise IT budgets and rising AI distractions, IBM Chairman and CEO Arvind Krishna opted for radical transparency — a move that triggered a historic stock plunge but is reported to have aligned with his core leadership philosophy. In an interview with CRN, IBM CEO Krishna detailed…