Virginia Rometty on share repurchases
From Watch CNBC's full interview with the CEOs of IBM and Red Hat on their new deal · · CNBC Television
“we're gonna prudently stop just like Jim said we would and then our goal is as fast as possible a couple years here get back to what you'd expect to be the targeted leverage ratio for a high single a and again we're strong investment grades so I feel really good about this and again back to what art is that our clients want out there in Jim the other important piece I want to stick in there when you just asked that was the really important thing to our investors is this also still allows us to continue with a very solid and growing dividend which is an important part of the value proposition for IBM shareholders”
On , Virginia Rometty, Former Chairman, President & Chief Executive Officer at IBM, spoke about share repurchases during Watch CNBC's full interview with the CEOs of IBM and Red Hat on their new deal on CNBC Television.
About Virginia Rometty
Ginni Rometty, former Chairman, President, and CEO of IBM, has been speaking about leadership, artificial intelligence, and workforce development. In a 2023 SXSW conversation, she discussed her book "Good Power," which outlines five principles for using power positively. She described her personal background, including her mother's return to community college after her father left the family, as shaping her belief that "no matter how bad it gets there is always a Way Forward." Rometty advocated for a "skills first" movement in hiring, stating that "half the jobs in our country are over credentialed" and that IBM had hired 100,000 people in two years under that approach. She also reiterated her view that AI should "augment Humanity" and be built with "principles of trust and transparency." Earlier in her tenure, Rometty frequently described data as "the world's new natural resource" and argued that cognitive AI would impact every decision within five years. She promoted IBM's "Watson" platform as a tool for domains like healthcare and education, emphasizing that AI systems must be transparent and trained on unbiased data to avoid perpetuating historical biases. Rometty also spoke about the importance of corporate social responsibility, citing an IBM program that grew from a single school partnership to 300 high schools and 150,000 students globally. She has called for public policies that support data movement, skills upgrading, and investment in research, and has stated that companies must balance the interests of customers, shareholders, and communities.