What on earth is happening at Uber? The company, which in recent months has continued its rapid growth, has been busy disrupting the taxi industry globally since its inception five years ago. Unfortunately, the company appears to be causing not only controversy – some of which is inevitable when a new business model upsets an entrenched industry such as the taxi and limo business – but getting itself into hot water all over the place, including most recently in the U.S marketplace and political scene. This begs the question: Will the company’s board rein in the CEO and management team before regulators step in, or will the company’s arrogance prove to be literally a fatal flaw?
Since IBM announced its latest decline in revenues and profits and finally abandoned its much-publicized 2015 $20EPS goal, pundits have been understandably quick to pounce with their criticisms. Today IBM looks more broken even than HP was three years ago, when Meg Whitman became CEO and began her transformation of the company. What about IBM under Ginni Rometty’s stewardship? What should IBM’s role and strategy be going forward? And can this wobbly giant rejuvenate its business?