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Thursday, March 26, 2009

IBM--A bastion of capitalism.

From CNN.com...

(CNN) -- IBM's reported plans to lay off thousands of U.S. workers and outsource many of those jobs to India, even as the company angles for billions in stimulus money, doesn't sit well with employee rights advocates.

This sits perfectly with shareholders, however.

Take a look at the stock price over the last year...

Compare that to the DJIA...


IBM is a solid company with solid leadership. They are working for their shareholders as any public company should. The industry has changed, IBM has adapted. And doing a very nice job of it. IBM is not running a charity. Long live CAPITALISM!

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