While the rest of the world was moving toward personal computing, Akers remained stuck in the mainframe age, never quite figuring out what to do with IBM at a critical point in the tech industry’s evolution. Many outsiders viewed Akers as being in over his head. IBM was paralyzed by his lack of decisiveness.
THE STAT: Akers stepped down shortly after the company announced a $4.97 billion net loss for 1992.
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