Good work, Ginni! Hopefully another well-deserved bonus is coming your way!
"Only five stocks among the 30 that make up the Dow Jones Industrial Average (DJIA) closed out 2017 with lower share prices than they started the year with. That’s really some accomplishment in a year that saw the Dow rise by more than 24%.
The first hit to the stock price came when Warren Buffett decided in May that he’d defended the tech giant long enough. Buffett cited increasing competition as the reason for Big Blue’s problems, but in reality the transformation of the company to a more cloud-oriented business under CEO Ginni Rometty (another of our worst CEOs of 2017) has been painfully slow. There is little evidence that 2018 will be much different from 2017, when the stock price fell by 7.6%."