IBM deliberately misclassified mainframe sales to enrich execs, lawsuit claimsThomas Claburnon April 7, 2022 at 00:04 The Register

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Lawsuit accuses Big Blue of cheating investors by shifting systems revenue to trendy cloud, mobile tech

IBM has been sued by investors who claim the company under former CEO Ginni Rometty propped up its stock price and deceived shareholders by misclassifying revenues from its non-strategic mainframe business – and moving said sales to its strategic business segments in violation of securities regulations.…

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