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The labor market may be cooling but there are opportunities ahead, especially for new-collar workers. So called "new-collar" jobs typically require highly skilled workers and often come with salaries in the top half of the U.S. wage scale — but they don't require a college degree. "New-collar jobs may not require a traditional college degree," she wrote in 2016. Federal data also shows that trade school students are more likely to be employed after school than their degree-seeking counterparts — and much more likely to work in a job related to their field of study. What's more, a growing number of companies, including many in tech, recently decided to drop degree requirements for middle-skill and higher-skill roles.
Persons: Ginni Rometty, Doug Shapiro Organizations: IBM, Finance, Student Clearinghouse Research
If you asked Ginni Rometty's mom how she managed to raise four high-powered executives, she'd be as stunned as you are. "My mom [is] always like, 'How did this happen?,'" Rometty, the former CEO of IBM, said on Wednesday at the World Business Forum summit. Rometty's youngest sister, Darlene Nicosia, is the CEO of food manufacturing company Hearthside Food Solutions. One particular lesson from their mom helped them all grow into successful adults, Rometty said: "Never let someone else define who you are." Her mom — who didn't have a job at the time, Rometty told the Horatio Alger Association in 2016 — managed to land a job at a local hospital.
Persons: Ginni, she'd, she'll, Darlene Nicosia, Anette Rippert, Joe Nicosia, Louis Dreyfus, Rometty, Organizations: IBM, World, Food Solutions, Accenture, Louis Dreyfus Company, Horatio Alger Association
Perfectionism might seem like a great quality for a boss to have. It's actually pretty toxic, says Ginni Rometty, former president and CEO of IBM. I mean, you'd send anything to me [and I'd send it back] completely red," Rometty, 66, said. "I used to think that was a great skill ... to find every mistake and improve it." Your perfectionist boss may think they're showing you how to be detail-oriented.
Persons: Ginni Rometty, Rometty, perfectionism, Pen, It's Organizations: IBM
The ILOVEYOU computer worm. Photo: Sion Touhig/Sygma via Getty Images‘You may not be interested in hacking,” says Scott J. Shapiro, adapting a quote often attributed to Leon Trotsky, “but hacking is interested in you.” Estimates of the losses attributable to cybercrime vary between $600 billion and $6 trillion a year, he continues, citing the former IBM chief executive Ginni Rometty, who has said that if data is “the world’s new natural resource” then cybercrime “is the greatest threat to every profession, every industry, every company in the world.” But Mr. Shapiro isn’t panicking: “Much of what is said about hacking is either wrong, misleading, or exaggerated.”
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email50% of good jobs are over-credentialed, says Former IBM CEO Ginni RomettyMad Money host Jim Cramer is joined by former IBM CEO Ginni Rometty to discuss her new book, 'Good Power: Leading Positive Change in Our Lives, Work and World.'
Ginni Rometty Learned How to Use ‘Good Power’
  + stars: | 2023-02-28 | by ( Emily Bobrow | ) www.wsj.com   time to read: +1 min
Virginia “Ginni” Rometty emerged as a strong contender to run International Business Machines Corp. after she successfully led the company’s merger with PricewaterhouseCoopers LLP’s consulting arm in 2003. When months went by without hitting her profit targets, Ms. Rometty knew she needed to turn things around. What didn’t help, she says, was hearing from a superior that if she failed she was “no longer a welcome member of the family.”“Some of the biggest lessons I learned about power were about how not to lead,” Ms. Rometty, 65, said over video from her home in Naples, Fla. Since retiring as IBM’s chairman and CEO in 2020, after nearly a decade in the job and a lifetime at the company, she says she has been thinking a lot about how power is wielded and abused. “Given the many negative stories about leaders in politics and business, people now associate power with fear, with being uncomfortable,” she says.
The tech industry has now lost an entire generation of trailblazing women leaders and replaced them mostly with men. And in the wake of the pandemic, women leaders in corporate America more broadly are more likely than ever to quit, according to the most recent Women in the Workplace report from McKinsey & Company and LeanIn.Org. Now that she’s departing, Big Tech is facing a new reckoning over its failure to promote and support women leaders, and what this could mean for the next generation of women in the industry. “Without women in the C-suite who have come before them, it could make this transition period tougher for next generation women leaders,” Kray said. “I think that what she achieved and what she modeled will be something that will live on beyond the fact that now we don’t have a female Big Tech CEO.”
But in a year that saw investors abandon all major tech stocks, Big Blue was in the green. High gas prices, soaring inflation and the Federal Reserve's steady pace of rate increases have punished growth stocks and favored more mature, less volatile names that are viewed as more recession-resistant. Among U.S. tech companies valued at $50 billion or more, IBM was one of only two to generate positive returns in 2022. IBM beats Big Tech in 2022 CNBCIBM is "trading well above its historical range," Bernstein Research analysts wrote in a Dec. 20 note to clients. IBM's model through 2024 calls for mid-single-digit revenue growth, translating into free cash flow growth in the high single digits.
The result: Lower male voices were perceived as more trustworthy, but lower female voices saw no significant change. "For male leaders, the pattern was reconfirmed ... but for female leaders, that pattern was much weaker," Kim says. People tend to expect "dominant leadership" from men and "communal leadership" from women, Kim says. "If a lower voice, which is a dominant skill, is coming from a female figure, then that is violating people's expectations of female leaders," she adds. Female participants said a low voice helped female CEOs seem more competent, but didn't do anything to make them seem like they had more integrity.
Redefining rolesGherson took over as HR chief in 2013, but in her 17 years at the company, she's seen plenty of change. Gherson said that the company turned to the technology that was partially responsible for this disruption: AI. And what you're known for is going to enable you to have valuable roles in the future,'" Gherson told us. "We sit down with our people and say, 'Let's talk about what skills you're going to be developing in the next quarter.' As she told us, "100% of jobs are going to change with artificial intelligence.
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