After last week's poor earnings, IBM CEO Virginia Rometty "delivered a rare companywide reprimand" in the form of a five-minute long video memo, Spencer Ante of the Wall Street Journal reports. Rometty said, "Where we haven't transformed rapidly enough, we struggled. We have to step up with that and deal with that, and that is on all levels." During IBM's earnings call, executives blamed IBM's sales team for the worse-than-expected quarter.

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