IBM's new CEO takes over today — here's his plan [CNBC]
International Business Machines Corporation (IBM)
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Source: CNBC
As Arvind Krishna takes over as CEO ofIBMSlack Big Blue no longer towers over the technology landscape the way it did a generation ago. While executives have focused on shedding less profitable businesses, they have struggled to grow sales. In the recent market rout, IBM's market capitalization fell to less than $100 billion as of Friday's close, about a tenth the value of rivalsMicrosoftAmazonMeanwhile, investors have tended to pay more attention to those West Coast darlings. But what if IBM's naysayers have it wrong?Krishna says IBM is poised for great things. The new CEO is a technologist with business chops. He both led the company's renowned research division and was a driving force behind its$34 billion acquisition of Red Hat in 2018In an email he sent to employees Monday morning, Krishna said he will focus on artificial intelligence and hybrid cloud as key technologies for the future. He also made the case that the company's legacy of providing core technology make it indispens
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