Saturday, January 23, 2016

IBM Erases Five Years of Gains Buoyed by Share Buybacks: Chart - Bloomberg Business

Back to the financial engineering drawing board

"From 2010 to 2014, International Business Machines Corp. spent almost $70 billion on share repurchases to boost earnings. Last year, the company moved away from the buyback strategy after CEO Ginni Rometty abandoned the share target in 2014. Chief Financial Officer Martin Schroeter said Tuesday that IBM spent $4.6 billion on share repurchases in 2015, compared with $13.7 billion the previous year. That’s the lowest amount in more than a decade."
IBM Erases Five Years of Gains Buoyed by Share Buybacks: Chart - Bloomberg Business
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