The Canary In Big Blue's Mainframe: Why IBM's Q3 Bust Marks A Turning Point | David Stockman

``That is the real corruption resulting from financial repression. Corporate boards and executives are lining their pockets with stock option realizations which are taxed once over lightly as capital gains while costing the shareholders comparatively little. Even the traditional shareholder opposition to dilutive issuance of executive stock options has been defanged by the Fed's feckless money printing. In short, financial repression is turning big companies like IBM into no-growth financial engineering machines that destroy price discovery and honest capital markets.''