After the Red Hat mess I see many people saying IBM destroys everything they touch, but I can’t think of many examples of it. Can you tell me what else IBM has destroyed after acquiring it, or something good that they themselves developed and then ruined it with stupid corporate choices?
I was part of an acquisition, company was performing well against bigger players and IBM came in and threw a load of money at the owners.
Once we completed the transref of business we were paid massive retention bonuses, managers got company cars etc.
Not one sale of the product was made in the next 6 years and the business unit closed down. Previous CEO founded a competitor when his non compete clause ended and the customer base IBM had bought moved.
This is not an isolated occurrence.