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Ginni Rometty: IBM CEO on Leadership, Power, and Adversity | Lex Fridman Podcast #362

Ginni Rometty: IBM CEO on Leadership, Power, and Adversity | Lex Fridman Podcast #362

84 segments available

Ginni Rometty is a former long-time CEO, president, and chairman of IBM. Please support this podcast by checking out our sponsors: - Athletic Greens: https://athleticgreens.com/lex to get 1 month of fish oil - ExpressVPN: https://expressvpn.com/lexpod to get 3 months free - InsideTracker: https://insidetracker.com/lex to get 20% off EPISODE LINKS: Ginni's book: https://amzn.to/3KFuXHY Ginni's Twitter: https://twitter.com/GinniRometty Ginni's linktr.ee: https://linktr.ee/GinniRometty One Ten Website: https://oneten.org PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ Full episodes playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4 Clips playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOeciFP3CBCIEElOJeitOr41 OUTLINE: 0:00 - Introduction 1:19 - IBM 10:59 - Hiring 16:16 - Leadership 23:00 - Hard work 28:40 - Adversity 35:38 - Power 49:05 - Sacrifice 54:10 - Taking over as CEO 1:12:24 - Negotiating 1:17:31 - Deep Blue vs Garry Kasparov 1:22:49 - IBM Watson 1:42:42 - Work-life balance 1:49:46 - Advice for young people SOCIAL: - Twitter: https://twitter.com/lexfridman - LinkedIn: https://www.linkedin.com/in/lexfridman - Facebook: https://www.facebook.com/lexfridman - Instagram: https://www.instagram.com/lexfridman - Medium: https://medium.com/@lexfridman - Reddit: https://reddit.com/r/lexfridman - Support on Patreon: https://www.patreon.com/lexfridman

Segments Timeline

1
0:00 - 0:39
0:39 duration131 words

The Unpopularity of Leadership Decisions

Ginni Rometty discusses the unpopular decisions leaders must make to ensure the long-term success of a company. She emphasizes the importance of sacrifice and the necessity of making tough choices, especially in times of crisis, highlighting that leadership is not a popularity contest.

"I have had to do plenty of unpopular things I think anytime you have to run a company that endures a century and has to endure another Century you will do unpopular things you have no choice and I oft..."

2
0:39 - 1:19
0:39 duration108 words

IBM's Legacy and Challenges

Rometty reflects on her 40-year journey at IBM, addressing the challenges of running a large tech company. She emphasizes the importance of knowing what to change and what to preserve, discussing IBM's historical significance and its role in mission-critical work.

"president and chairman of IBM and for many years she was widely considered to be one of the most powerful women in the world she's the author of a new book on power leadership and her life story calle..."

3
1:19 - 2:01
0:42 duration136 words

The Core of IBM's Identity

In this segment, Rometty articulates what she believes should endure at IBM, focusing on its essential role in the world. She highlights IBM's contributions to significant societal advancements and the importance of being a reliable partner in critical infrastructure.

"you worked at IBM for over 40 years starting as a systems engineer and you ran the company as chairman president CEO from 2011 to 2020 IBM is one of the largest tech companies in the world with maybe ..."

4
2:01 - 2:44
0:42 duration124 words

Navigating Bureaucracy in Large Companies

Rometty shares her insights on the bureaucratic challenges faced by large organizations. She discusses the need for speed and agility in decision-making, emphasizing the importance of focusing on the customer rather than getting bogged down by processes.

"a big company what was the parts that you thought should endure the core of the company that was beautiful and powerful and could persist through time that it should persist through time I'd be intere..."

5
2:44 - 3:29
0:45 duration134 words

The Importance of Speed and Adaptability

Rometty reflects on the necessity of speed in the tech industry, particularly during her tenure as CEO. She discusses the rapid changes in technology and the need for organizations to adapt quickly to remain competitive.

"public facing part yeah no it is well certainly the research part itself right is over three thousand so it's not that small that's a pretty big research yes but the part that should endure ends up be..."

6
3:29 - 4:12
0:43 duration143 words

Transforming Work Processes

In this segment, Rometty discusses her approach to transforming work processes at IBM. She emphasizes the importance of reducing management layers to enhance decision-making speed and autonomy, and the challenges of implementing agile methodologies at scale.

"be coming running and being better running the infrastructure of the world so doing it at scale doing it reliably yes secure in this world that's like everything and in fact when I started I almost fe..."

7
4:12 - 5:01
0:48 duration145 words

Empowering Teams Through Structure

Rometty explains how flattening the organizational structure can lead to faster decision-making and greater autonomy for employees. She discusses the benefits of reducing management layers and the ongoing need to address organizational growth.

"that would not have been true as you well know back even two decades ago right so um it changes but I think at its core it's that be essential you said moonshot can all be moonshots because moonshots ..."

8
5:01 - 5:48
0:47 duration147 words

The Role of Leadership in Decision-Making

Rometty addresses the balance between collaborative leadership and making tough decisions. She acknowledges that sometimes leaders must take control and make unpopular choices for the greater good of the organization.

"you know people are a master or to this process and that's not right and when you're big the other thing and boy there's a premium on it is speed right that in our industry you got to be fast and go b..."

9
5:48 - 6:36
0:48 duration169 words

The Challenge of Change Management

Rometty shares her experiences with change management at IBM, discussing the need for a strong platform and modern skills. She reflects on the challenges of transforming a large organization and the importance of operationalizing change effectively.

"it taught me like the house perhaps more important than the what because if I didn't do something to change how work was done like change those processes or you know give them new tools help them with..."

10
6:36 - 7:24
0:48 duration160 words

Hiring for the Future

In this segment, Rometty discusses her evolving perspective on hiring practices. She emphasizes the importance of hiring for potential and willingness to learn, rather than solely focusing on traditional qualifications like college degrees.

"agile and um because you've really got to change the way work gets done and we ended up training God hundreds of thousands of people on that stuff change it correctly on how to do it correctly that's ..."

11
7:24 - 8:12
0:48 duration173 words

The Shift to Skills-Based Hiring

Rometty elaborates on her commitment to skills-based hiring, sharing insights from her experiences at IBM. She highlights the need to prioritize aptitude and the ability to learn over conventional credentials.

"that has lots of benefits right time to a decision um more autonomy to people because and then the idea of like faster Clarity of of where you're going because you're not just filtered through so many..."

12
8:12 - 9:00
0:48 duration152 words

Learning from Diverse Talent

Rometty discusses the value of diverse talent pools and the importance of providing opportunities for individuals from various backgrounds. She reflects on her initiatives to create pathways for underrepresented groups in the tech industry.

"be almost autocratic take control make hard unpopular decisions oh I am sure you know the answer to that and and it is of course yes yeah you know because I actually um a there's a leader for a time b..."

13
9:00 - 9:48
0:48 duration174 words

The Power of Curiosity in Leadership

Rometty emphasizes the significance of curiosity and a willingness to learn in leadership. She shares her belief that successful leaders must foster an environment where continuous learning is encouraged.

"of Crisis as well you got to be I wish that it's not a popularity contest so that's none of these jobs or popularity contests I don't care if your company's got one person or half a million they're no..."

14
14:43 - 16:06
1:22 duration287 words

The Value of Learning from Each Other

Ginni Rometty discusses her approach to hiring and the importance of fostering a culture of learning within IBM. She emphasizes that the most successful teams are those willing to learn from one another, regardless of their backgrounds. This segment highlights her commitment to a 'skills first' philosophy in hiring and promoting talent.

"lot of people from outside very willing to learn new things come on in come on in and I sometimes say shiny objects trained in shiny objects come on in but I saw something it was another one of these ..."

15
16:06 - 17:00
0:53 duration160 words

Navigating the Unknown in AI

In this segment, Rometty reflects on the uncertainties surrounding the future of AI and the software industry. She stresses the necessity of continuous learning and taking risks in an ever-evolving technological landscape, underscoring that no one is fully skilled in AI yet.

"taking risks all of those things and nobody's really skilled in AI It's like because you're absolutely right that's right I couldn't agree more with you on that you uh you wrote In the book uh speakin..."

16
17:00 - 18:01
1:01 duration164 words

Balancing Leadership and Empowerment

Ginni Rometty shares insights on the balance between guiding teams and allowing them autonomy. She discusses the importance of role modeling values and learning, and how leaders must adapt their approach as organizations grow, ensuring they empower others while maintaining core principles.

"balance between showing the way and helping people find the way that is a good question because like a really flip answer would be as it gets bigger you have no choice but to just you know you can't d..."

17
18:01 - 19:11
1:09 duration214 words

Role Modeling Values in Leadership

Rometty emphasizes the critical role of leaders in demonstrating values and making value-based decisions. She recounts her early experiences as a manager, highlighting the importance of addressing inappropriate behavior and maintaining a strong ethical foundation within a company.

"and I actually think it's a struggle young companies have because the values aren't deeply rooted and when a storm comes it's easy to uproot and um so I always felt like when it was that time I showed..."

18
19:11 - 20:00
0:48 duration168 words

The Importance of Continuous Learning

In this segment, Rometty discusses the establishment of IBM's Think Academy, which emphasizes the necessity of ongoing education for all employees. She reflects on her commitment to teaching and learning, illustrating how this initiative helped foster a culture of knowledge and adaptability within the organization.

"learning right so you know I can remember when we started down the journey and we went on to this thing called it think Academy IBM's longtime motto have been think and we said okay I'm gonna make the..."

19
20:00 - 21:03
1:03 duration217 words

Preparation as a Path to Confidence

Ginni Rometty shares her personal philosophy on preparation and its impact on confidence. She contrasts her meticulous approach to preparation with her husband's more spontaneous style, explaining how being well-prepared allows her to be present and engaged in critical moments.

"you like to prepare yeah but there's roots in that go back deeply deeply deeply deeply I and I think it's an interesting reason so why do why are you you're preparer my friend yeah yes you are you pre..."

20
21:03 - 22:12
1:09 duration252 words

The Roots of Hard Work

Rometty reflects on her upbringing and the influence of her family on her work ethic. She shares stories of her grandmother and great-grandmother, illustrating how their dedication and resilience shaped her understanding of hard work and its importance in overcoming adversity.

"like to prepare yeah it came from a few different places I mean one would have been as a as a kid I think um I was not a memorizer and my brother is brilliant he can he read it once boom done and so I..."

21
22:12 - 23:38
1:25 duration292 words

Finding Strength in Adversity

In this segment, Rometty discusses how personal challenges and financial struggles have shaped her perspective on success. She emphasizes the lessons learned from adversity and how they contribute to personal growth and resilience in leadership.

"prepare um if I was really prepared then when we're in the moment I can really listen to you see because I don't have to be doing all this stuff on the fly in my head and I could actually take things ..."

22
23:38 - 24:49
1:11 duration282 words

The Role of Power in Leadership

Rometty explores the concept of power and its dual nature in leadership. She argues that power is often viewed negatively, yet it is essential for effecting positive change. This segment delves into her personal journey and the lessons learned about wielding power responsibly.

"be the first and I'm I'm really careful to say that to people because I don't think everyone should associate G to do what you did you have to there's only one route there right and that's just not tr..."

23
24:49 - 26:01
1:11 duration237 words

Lessons from Personal History

Ginni Rometty shares her family's history of overcoming hardship and how it has influenced her leadership style. She reflects on the importance of hard work and the values instilled in her by her ancestors, connecting these lessons to her role as a leader in a major corporation.

"father leaves my mother uh homeless no money no food nothing four kids she's never worked a day in her life outside of a home and I the irony that I hear I would end up is the ninth CEO of one of Amer..."

24
26:01 - 27:10
1:08 duration209 words

The Impact of Financial Stress

In this segment, Rometty discusses how financial struggles during her youth shaped her drive for success. She reflects on the lessons learned from scarcity and how they motivated her to achieve her goals, emphasizing the importance of resilience in the face of challenges.

"I were comparing notes on on Russia right and never spoke English spoke Russian came here to this country was a cleaning person at the Wrigley building in Chicago yet if she hadn't saved every dime sh..."

25
27:10 - 28:34
1:24 duration303 words

Embracing Challenges for Growth

Rometty shares insights on the relationship between comfort and growth, emphasizing that true growth often comes from facing challenges. She discusses how her experiences have taught her the value of stepping outside of one's comfort zone to achieve personal and professional development.

"roots go way back there and they were always teaching something right my great grandma was teaching me how to cook how to work a farm even though I didn't need to be on a farm my grandma taught me you..."

26
28:34 - 29:59
1:24 duration254 words

The Power of Self-Reliance

In this segment, Rometty reflects on the importance of self-reliance and the ability to take care of oneself. She discusses how her past experiences have shaped her belief in the necessity of being self-sufficient and the freedom that comes with it.

"self-belief that I'll figure it out I'll figure it out and practically both right so you wrote quote I vividly remember the last two weeks of my freshman year when I only had 25 cents left I put the q..."

27
30:10 - 30:54
0:44 duration135 words

Growth and Comfort Never Coexist

Rometty shares a profound lesson she learned from her husband: growth and comfort never coexist. She explains how this realization has been freeing for her career, encouraging her to embrace discomfort as a necessary part of growth. This segment highlights the importance of stepping out of one's comfort zone to achieve personal and professional development.

"line about an advice you were given that growth and comfort never coexist growth and comfort never coexist and you have to get used to that thought if someone said that they think of me like one of th..."

28
30:54 - 32:04
1:10 duration253 words

Overcoming Self-Doubt

In this segment, Rometty reflects on her journey of overcoming self-doubt, particularly as a woman in a leadership role. She recounts a pivotal moment when her husband challenged her perception of readiness for a significant job opportunity, illustrating how self-criticism can hinder growth. Rometty emphasizes the need for women to recognize their capabilities and embrace challenges.

"work for is going to get a new job it's going to get promoted he calls me and he says hey you're gonna get my job I really want you to have it and I said to him no way I I said I'm not ready for that ..."

29
32:04 - 33:07
1:02 duration221 words

The Balance of Confidence and Self-Criticism

Ginni Rometty discusses the delicate balance between confidence and self-criticism, particularly in the workplace. She acknowledges that while confidence can elevate one's value, excessive confidence can stifle growth. This segment explores the importance of asking questions and seeking knowledge as a foundation for effective leadership.

"feeling that and it it I'm gonna I am gonna say something it's a bit stereotype that it resonates with many many women and I'll ask you if it does after is that either the most harsh critic of themsel..."

30
33:07 - 34:46
1:39 duration328 words

Embracing the Role Model

Rometty shares her experience of realizing her role as a female leader and role model. She recounts a moment that shifted her perspective from wanting to be unnoticed as a woman in tech to embracing her influence on others. This segment highlights the importance of representation and the responsibility that comes with leadership.

"matters I think it's interesting the maybe you could speak to the the sort of the self-critical thing inside your inside your brain because I think sometimes um is talked about that women have that um..."

31
34:46 - 36:10
1:24 duration300 words

Defining Good Power

In this segment, Rometty introduces the concept of 'good power' as outlined in her book. She defines it as the ability to effect meaningful change positively while navigating tensions respectfully. Rometty emphasizes the importance of celebrating progress over perfection and the need for leaders to serve a greater purpose.

"candidates through their management track now these programs don't exist anymore like that they will pay your tuition your room and board your expenses uh Northwestern other Ivy League school these ve..."

32
36:10 - 37:02
0:51 duration158 words

Navigating Tensions in Leadership

Rometty discusses the necessity of embracing and navigating tensions in leadership. She explains how doing so can bridge divides and unite people, contrasting it with the fear-based approaches often seen in leadership. This segment underscores the importance of respect and collaboration in achieving meaningful outcomes.

"a contrast good to bad let's say would be that first off you have to embrace and navigate tension this is the world we live in and by embracing tension not running from it you would Bridge divides tha..."

33
37:02 - 38:00
0:57 duration191 words

The Power of Service

Rometty elaborates on the principle of being in service of something greater than oneself. She contrasts serving with being in service, highlighting the importance of fulfilling others' needs to achieve one's own. This segment emphasizes the value of empathy and responsibility in leadership.

"a step forward of progress really tough stuff can get done and so my view of that is like honestly I hope it can you know I said it's like a memoir with purpose I'm only doing it it was a really hard ..."

34
38:00 - 39:10
1:10 duration224 words

Building Belief and Collaboration

In this segment, Rometty discusses the importance of building belief in a shared vision to foster collaboration. She emphasizes that leaders should inspire others to voluntarily engage in a common goal rather than relying on authority. This approach leads to greater productivity and innovation.

"of navigate tensions do it respectfully celebrate progress and give me indulge me one more minute these sort of again it's retrospect that I I didn't know this in the moment I had to learn it I learne..."

35
39:10 - 40:03
0:53 duration174 words

The Responsibility of Technology

Rometty addresses the responsibility that comes with technological advancements. She discusses the need to consider both the positive and negative implications of new technologies, emphasizing the importance of ethical considerations in innovation. This segment highlights the role of leaders in ensuring technology serves society positively.

"his food he did his job or did he carry he had a good time so that thought to be in service of it took me a while to get that like to try to write it to get that across because I think it's like so fu..."

36
40:03 - 41:37
1:34 duration323 words

The Long-Term Vision of Good Tech

In this concluding segment, Rometty reflects on the principles of 'good tech' and the long-term vision required for responsible innovation. She stresses the importance of anticipating the societal impacts of technology and the need for leaders to act with foresight and integrity. This segment encapsulates her philosophy on leadership and the role of technology in shaping the future.

"like good Tech everybody's a tech company I don't care what you do today and there's some fundamental things you got to do in fact pick up today's any newspaper right chat GPT you're an AI guy all rig..."

37
44:05 - 45:18
1:13 duration262 words

From Me to We: Embracing Role Models

Ginni Rometty shares a pivotal moment from her early career when a man expressed his wish for his daughter to hear her speak. This encounter shifted her perspective on being a woman in technology, leading her to embrace her role as a role model. She reflects on the importance of visibility and representation in inspiring future generations.

"80s 90s I'm a woman I'm in technology and I was down in Australia at a conference and I gave this great speech again me power of me you know I'm thinking give this great speech financial services this..."

38
45:18 - 46:11
0:52 duration180 words

The Dangers of Power: Staying Grounded

Rometty discusses the potential corrupting influence of power and the importance of surrounding oneself with honest advisors. She emphasizes the need for accountability and the value of having people who can provide constructive feedback, which is crucial for effective leadership.

"can be somewhat gradual that you come and you may have these like pivotal moments that you see it but then you feel it and you sort of move over that transom into the power of Lee you're one of the mo..."

39
46:11 - 48:00
1:48 duration389 words

The Value of Diversity in Leadership

In this segment, Rometty articulates her belief in the power of diversity and inclusion within teams. She explains how diverse perspectives lead to better outcomes and emphasizes that inclusion is a conscious choice that leaders must make daily to foster a productive environment.

"mean it's like I always say to someone like um Hey listen to me tell me tell me what would make me better or do something or I have a husband that'll do that for me quite easily by the way you'll alwa..."

40
48:00 - 49:01
1:01 duration232 words

Navigating Stakeholder Capitalism

Rometty reflects on the challenges of balancing shareholder interests with broader societal responsibilities. She discusses her experience with stakeholder capitalism and the necessity of making tough decisions that consider both short-term profits and long-term sustainability.

"there's you know sometimes the way diversities looked at with the the way diversity is used today is like surface level characteristics which are also important um but they're usually reflective of so..."

41
49:01 - 50:01
0:59 duration206 words

The Complexity of Business Decisions

Rometty shares insights into the complexities of decision-making as a CEO, particularly during challenging times. She highlights the importance of strategic thinking and the need to balance immediate financial pressures with the long-term vision for the company.

"like for good power you are a CEO of uh you are a CEO for a long time of a public company were there times when there was pressure to sacrifice what is good for the world um for the bottom line in ord..."

42
50:01 - 51:02
1:01 duration202 words

Reinventing IBM: A CEO's Challenge

In this segment, Rometty discusses the significant challenges she faced during her tenure as CEO, including the need for IBM to reinvent itself amidst declining revenues. She emphasizes the urgency of transformation and the importance of maintaining a clear vision for the company's future.

"in a black and white World hardly maybe things of values that I had to answer but most of it is great and so um I think back lots of different decisions um I think back as you would well remember you'..."

43
51:02 - 52:00
0:57 duration193 words

Honoring Promises in Business Relationships

Rometty explains the importance of building trust and honoring commitments in business relationships. She shares her philosophy on maintaining integrity and how it fosters long-term partnerships, even with competitors, to achieve mutual goals.

"sound so basic but you as an engineer understand it we had to separate it was a very integrated process of research development and Manufacturing and you'd also you'd be perfecting things in manufactu..."

44
52:00 - 53:30
1:29 duration287 words

The Role of Values in Business

Rometty emphasizes the significance of values in guiding business decisions. She argues that a strong foundation of values is essential for long-term success and that companies must remain true to their principles, even in the face of pressure to prioritize profits.

"with the with the class because you work with gigantic businesses and what what's it like sort of um really forming a great relationship with them understanding what their needs are being service of t..."

45
53:30 - 54:45
1:15 duration237 words

Facing Criticism as a Leader

Rometty reflects on the challenges of leadership during difficult times, including facing public criticism. She shares her approach to maintaining focus on the mission and the importance of conviction in making tough decisions for the company's future.

"right so to me how you work with those big kind of clients is you honor your promises you you say what you do when you do what you say and you act with values over a long period of time and that to me..."

46
54:45 - 56:11
1:26 duration268 words

Transforming IBM's Business Model

In this segment, Rometty discusses the transformation of IBM's business model, including significant acquisitions and divestitures. She highlights the strategic decisions made to adapt to changing market conditions and the importance of innovation in maintaining relevance.

"so many people depend on you you have a huge Workforce they're depending on you you have clients whose businesses don't run if you don't perform Etc and shareholders of course right and so but I also ..."

47
56:11 - 57:19
1:08 duration263 words

The Future of IBM: Hybrid Cloud and AI

Rometty outlines IBM's strategic direction towards hybrid cloud and AI, emphasizing the importance of these technologies in the company's future. She discusses the challenges and opportunities presented by this shift and the role of innovation in driving growth.

"really proud of the team for what they did that is actually pretty miraculous to have made it through that I have my little nephew one day and you would see on TV occasionally when there would be crit..."

48
58:29 - 1:00:01
1:31 duration282 words

The Evolution of IBM's Services

Ginni Rometty discusses the transformation of IBM's services business, including the spin-off of Kyndryl and the focus on consulting and hybrid cloud solutions. She highlights the importance of adapting to enterprise needs and the challenges faced in the transition from traditional services to modern cloud-based offerings.

"yes and so in in that my last year uh our services business we broke it into two pieces and one piece was spun off into a company called kindral which is managed Outsourcing um keeping things running ..."

49
1:00:01 - 1:01:05
1:04 duration250 words

Navigating the Cloud Landscape

Rometty explains IBM's strategic approach to cloud computing, emphasizing the distinction between consumer and enterprise solutions. She shares insights on the necessity of hybrid cloud models and the importance of understanding mission-critical work to effectively serve enterprise clients.

"application remember we're not an application company so it wasn't like we had an office we didn't have anything that like pulled things out to the cloud and so as we looked for what our best what we ..."

50
1:01:05 - 1:02:15
1:10 duration262 words

The Challenges of Consumer vs. Enterprise

In this segment, Rometty reflects on the difficulties of transitioning from consumer-facing products to enterprise solutions. She discusses the competitive nature of the consumer market and the unique requirements of enterprise clients, emphasizing the need for tailored approaches in consulting.

"I mean you know our history right at one time we had the PC business and you know the short answer to why would we would not do that is it's a consumer-facing business we were good at the Enterprise a..."

51
1:02:15 - 1:03:07
0:51 duration166 words

The Legacy of IBM's Branding

Rometty addresses the significance of IBM's brand and its evolution over time. She shares her thoughts on the impact of losing consumer-facing products on brand recognition and the importance of maintaining a strong identity in the technology sector.

"we were never great at making a lot of money at that and you can remember original as IBM PC than there were IBM clones or you they even called IBM clones back then um as the field became highly highl..."

52
1:03:07 - 1:04:25
1:18 duration268 words

Consulting: Bridging Business and Technology

Ginni Rometty elaborates on the role of consulting within IBM, describing how it serves as a bridge between business needs and technological solutions. She highlights the importance of hiring a workforce that is adaptable and customer-centric to address diverse challenges in the tech space.

"still in places that went to Toshiba can you speak the Consulting a little bit what does that entail to train up to hire a Workforce that can be of service to all kinds of different problems in the so..."

53
1:04:25 - 1:05:01
0:35 duration155 words

The Acquisition of PwC Consulting

Rometty recounts the strategic acquisition of PricewaterhouseCoopers' consulting arm, detailing the challenges and considerations involved in the negotiation process. She reflects on the significance of this move for IBM's consulting capabilities and the impact on client relationships.

"at the time back then that's what you know there have been five of those that have failed the companies that bought other consulting firms and um so we were okay that was the great thing about I mean ..."

54
1:05:01 - 1:06:49
1:48 duration381 words

Personal Insights on Leadership Decisions

In this segment, Rometty shares her personal reflections on the leadership challenges she faced during the acquisition of PwC Consulting. She discusses the balance between personal growth and the pressures of high-profile decisions, emphasizing the importance of delivering value to clients.

"personal question so that was a big thing you were a part of that you led uh in 2002 that you championed and helped I should say negotiate the purchase of one day the Consulting arm um of pricewaterho..."

55
1:06:49 - 1:08:34
1:45 duration328 words

Lessons from the Consulting Experience

Rometty discusses the lessons learned from leading the consulting division, including the importance of perseverance and adapting to client needs. She shares anecdotes about overcoming challenges and the significance of building a strong team culture to achieve success.

"of that that was a big leap step up for you you've been in IBM for a long time yeah this is this is a big sort of leadership uh like very impactful large-scale leadership decisions yeah what was that ..."

56
1:08:34 - 1:10:54
2:19 duration484 words

The Importance of Client Relationships

In this segment, Rometty emphasizes the value of maintaining strong relationships with clients during the transition to a public company. She reflects on the challenges faced in meeting client expectations and the strategies employed to ensure continued success.

"but make no mistake like it was very hard and it was it turned out to be extremely successful by the time we ended it was worth 19 one time I stepped I ran it for oh goodness gracious uh quite a long ..."

57
1:10:54 - 1:12:14
1:20 duration290 words

Building a Successful Consulting Model

Rometty concludes by discussing the evolution of IBM's consulting model and the importance of aligning business strategies with client needs. She highlights the long-term success of the consulting division and the enduring relationships formed with clients over the years.

"taught me like you no no matter how bad this gets you are not giving up and this now you can't keep doing the same thing like the you know doctor this hurts oh then stop doing it you know you can't ke..."

58
1:12:47 - 1:14:00
1:13 duration260 words

The Art of Negotiation

Ginni Rometty discusses the principles of effective negotiation, emphasizing the importance of win-win outcomes. She explains that both parties should feel satisfied with the result, and warns against pushing too hard, as it can lead to resentment and a breakdown in collaboration. Rometty highlights the significance of empathy and long-term relationships in successful negotiations.

"people would have the wisdom of what what it takes to have great negotiation but yeah so it's a win-win is is one of the ways you can have this but it's like obvious to even say that right I mean if y..."

59
1:14:00 - 1:15:02
1:01 duration251 words

From Medicine to Engineering

In this segment, Ginni Rometty shares her journey from aspiring medical doctor to engineering. She humorously recounts her struggles with a human reproduction course that led her to embrace her passion for math and engineering. Rometty reflects on her early love for problem-solving and how it shaped her career path.

"ask the Romantic question what did you love most about engineering computer science electrical engineering so in those early days from your degree to the to the earth I I love that logic part of it ri..."

60
1:15:02 - 1:16:10
1:07 duration224 words

Experiential Learning in Leadership

Ginni Rometty emphasizes the importance of experiential learning in leadership. She shares her approach of having her team learn coding and engage in hands-on projects to foster understanding and innovation. Rometty believes that getting involved in technical aspects helps leaders maintain intuition and connection with their teams.

"to math it was the only course in my four-year college education I had to take pass fail because otherwise I I risked you know impairing my uh my my grade point average engineering it is so but after ..."

61
1:16:10 - 1:17:04
0:54 duration181 words

Deep Blue: A Milestone in AI

Rometty reflects on the significance of IBM's Deep Blue chess match against Garry Kasparov, describing it as a pivotal moment in AI history. She discusses how it showcased the capabilities of supercomputing and brought AI into public consciousness, highlighting the blend of computation and human-like intelligence in the game of chess.

"it was really symbolic it was to mean this is to help you think not replace your thinking there was so much in the Zeitgeist about AI being a bad thing at that time so that was why we picked a mouthfu..."

62
1:17:04 - 1:18:34
1:30 duration300 words

The Human Element in AI

In this segment, Ginni Rometty discusses the perception of AI during the Deep Blue era, noting that many viewed it as a demonstration of human intellect rather than mere computation. She reflects on the romantic notion of chess as a representation of human intelligence and how AI's ability to compete in such a domain challenged traditional views of intelligence.

"around experiential and so do you ever give it up I I don't think so because I actually think that's pretty good to get your hands dirty in something you know you can't do it you know depending what y..."

63
1:18:34 - 1:20:06
1:31 duration289 words

AI's Evolution and Human Emotion

Rometty explores the evolution of AI and its potential to exhibit human-like emotions and feelings. She discusses the ethical implications of creating AI systems that reflect human qualities and the societal responsibilities that come with it. This segment raises important questions about how we treat AI and what it means for humanity.

"it's about the amount of time and how fast it can crunch through to find the right move so in some ways I thought of it as almost a bigger demonstration of that but it is absolutely as you said it it ..."

64
1:20:06 - 1:21:59
1:53 duration331 words

Watson's Impact on AI

Ginni Rometty shares her experiences with IBM's Watson and its groundbreaking performance on Jeopardy. She highlights how Watson humanized AI and demonstrated natural language understanding, setting high expectations for AI's capabilities. Rometty reflects on the lessons learned from Watson's development and its implications for future AI applications.

"about those things I didn't see it as computation I thought of it as um uh intelligence because chess for a human being doesn't feel like computation yeah it it feels like some complicated uh relation..."

65
1:21:59 - 1:23:34
1:34 duration330 words

Challenges in AI Adoption

In this segment, Rometty discusses the challenges faced in the adoption of AI technologies, particularly in healthcare. She emphasizes that the technology itself is not the main hurdle; rather, it's the human factors, such as trust and change management, that pose significant challenges. Rometty shares insights on how to effectively integrate AI into existing processes.

"difficult discussions about well how do we treat those beings and what role do they have in society what are the rules around that you know and this is really exciting because that also puts a mirror ..."

66
1:23:34 - 1:25:56
2:21 duration476 words

The Future of AI and Humanity

Ginni Rometty reflects on the future of AI and its potential to assist humanity rather than replace it. She discusses the importance of ethical considerations in AI development and the need for regulations that focus on usage rather than the technology itself. Rometty emphasizes the role of AI in enhancing human capabilities and the responsibility that comes with it.

"you say hey natural language it's actually understanding natural language it's one of the first demonstrations of natural language support and bit of reasoning over lots of data right and so that it c..."

67
1:25:56 - 1:27:00
1:03 duration228 words

AI Ethics and Human Values

In this concluding segment, Rometty addresses the ethical implications of AI, stressing that it mirrors human values and behaviors. She discusses the importance of instilling positive values in AI systems to ensure they contribute positively to society. Rometty calls for a thoughtful approach to AI ethics, highlighting the need for ongoing discussions about its role in our lives.

"over it made it more modular and today tybm a Watson is more about AI inside of a lot of things if you think of it that way which is more like an ingredient versus it's a thing in and of itself and I ..."

68
1:27:21 - 1:28:10
0:48 duration176 words

HAL 9000 and AI Ethics

Ginni Rometty discusses the cultural implications of AI, referencing HAL 9000 from '2001: A Space Odyssey.' She explores the ethical questions surrounding AI's role in society, emphasizing the need for transparency and accountability in AI development. Rometty argues that AI can reflect both the best and worst of humanity, highlighting the importance of ethical considerations in technology.

"banks very unionized but that idea that you could in this case the unions voted for it because it felt people did a better job and so and that's this part about being really dedicated to help it help ..."

69
1:28:10 - 1:29:02
0:52 duration170 words

The Complexity of AI Decisions

In this segment, Rometty delves into the complexities of AI decision-making, stressing that it's not just about preventing bad outcomes but understanding the nuanced ethical dilemmas involved. She emphasizes the need for transparency in AI systems, advocating for open-source practices to foster trust and accountability in technology.

"afterwards you know but here's what I think it more was I do think it's one of the early demonstrations of evil AI yeah like can be taught bad I could push back on that because it's presented as evil ..."

70
1:29:02 - 1:30:48
1:45 duration327 words

The Importance of Transparency in AI

Rometty shares her belief that transparency is crucial in AI development. She argues that understanding who is behind AI systems and how they are trained is essential for public trust. This segment highlights the need for open discussions about AI's impact on society and the ethical responsibilities of developers.

"right and that that it needs really considerable not just attention because otherwise it will mirror everything we love and everything we don't love and again and that's the beauty in the eye of Behol..."

71
1:30:48 - 1:32:05
1:16 duration232 words

Navigating Ethical Dilemmas in AI

This segment focuses on the ethical dilemmas faced in AI development. Rometty compares AI to a knife, which can be used for good or bad, emphasizing that ethical considerations are often complex and not easily defined by strict rules. She advocates for a thoughtful approach to AI ethics that acknowledges these gray areas.

"um and I mean in general just having a lot of public conversations about this is serious stuff it's uh um that AI will have a transformative impact on our society and it might do so very very quickly ..."

72
1:32:05 - 1:33:00
0:54 duration206 words

Imposter Syndrome in Leadership

Rometty opens up about her experiences with imposter syndrome as a leader. She reflects on the natural feelings of self-doubt that arise in high-stakes roles and emphasizes the importance of recognizing one's own value and contributions. This segment offers insights into building confidence in leadership positions.

"is I think back it was probably 20 I don't know 15 16. we did principles of trust and transparency notice the word transparency that belief that with AI it should be explainable you should know who ta..."

73
1:33:00 - 1:34:21
1:21 duration263 words

Defining Yourself Beyond Labels

In this segment, Rometty discusses the journey of self-definition and the importance of not letting others define you. She shares her experiences of self-discovery and the challenges of maintaining confidence in a leadership role, encouraging listeners to embrace their unique paths.

"syndrome that self-critical brain so you know taking that big step into leadership did you did you at times suffer from imposter syndrome like how did I get here do I really belong here or did you wer..."

74
1:34:21 - 1:36:00
1:38 duration296 words

Gender Dynamics in Leadership

Rometty addresses the societal expectations and norms regarding gender in her career. She reflects on her experiences as a woman in leadership, discussing both the challenges and advantages she faced. This segment highlights the importance of representation and the impact of gender dynamics in the workplace.

"yeah good or bad yeah one important lesson you said you've learned from your mom is never let anyone else Define you only you define who you are so what's the trajectory let's say of your self-definit..."

75
1:36:00 - 1:37:07
1:07 duration251 words

The Burden of Representation

Rometty shares her perspective on the pressure of being a female CEO and the expectations that come with it. She discusses how her success or failure was often viewed as a reflection of all women in leadership, emphasizing the need for role models and the importance of breaking down barriers for future generations.

"70s and the 80s where I think I was surrounded all the other women around me viewed our way to get ahead was just to work hard work hard work hard and that was the way you differentiated yourself and ..."

76
1:37:07 - 1:39:01
1:54 duration374 words

The Role of Role Models

In this segment, Rometty reflects on the significance of role models in leadership. She discusses how her experiences can inspire others, particularly women and underrepresented groups, to pursue careers in fields like engineering and technology. Rometty emphasizes the importance of visibility and representation in fostering diversity.

"all that said back to my earlier story about being a role model you know it would be foolish to not believe that there were times that that mattered and I would say two things even not that long ago y..."

77
1:39:01 - 1:40:04
1:02 duration225 words

Work-Life Balance Challenges

Rometty shares her insights on achieving work-life balance while leading a major corporation. She discusses the challenges of managing personal and professional responsibilities, emphasizing the need for individuals to set boundaries and prioritize their well-being amidst demanding careers.

"and bad I mean there's benefit to that too right you if you do good work you'll be wrecking it's easier to be recognized and so a pronicon and I think um I've just you know grown up believing like my ..."

78
1:40:04 - 1:41:18
1:14 duration280 words

Family Dynamics and Leadership

In this closing segment, Rometty reflects on her family dynamics and the role they played in her leadership journey. She shares personal anecdotes about her upbringing and the responsibilities she took on, illustrating how her experiences shaped her approach to leadership and her understanding of work-life balance.

"so one of my last year's uh we had been working on it just did Regular leadership session at IBM and had our black colleagues we're talking about what did it feel like to be a black leader and here th..."

79
1:42:06 - 1:43:10
1:04 duration202 words

The Flawed Pursuit of Excellence

Ginni Rometty reflects on the nature of human achievement, emphasizing that even the most accomplished individuals are flawed and striving to do their best. She encourages young people to recognize their potential for impact, reinforcing the idea that everyone is navigating their own challenges.

"what the actual work is whether it's nuclear fusion or strategypt I just want to show that it's um because I see it at MIT and everywhere it's just human beings trying their best they're flawed but um..."

80
1:43:10 - 1:44:43
1:32 duration320 words

Work-Life Balance: A Personal Journey

Rometty shares her personal experiences with work-life balance while leading IBM. She discusses the importance of setting boundaries and acknowledges the challenges faced by working parents, drawing from her own upbringing and family dynamics to highlight the emotional toll of balancing career and family.

"and I might have said you know you're the only one that can determine your own work-life balance companies are innate things I mean they will take everything they can from you and it's not a bad thing..."

81
1:44:43 - 1:46:00
1:16 duration241 words

Empathy in Leadership

In this segment, Rometty discusses how her family background and experiences shaped her empathy towards employees balancing work and family responsibilities. She emphasizes the importance of understanding the challenges faced by others and how this informed her leadership policies at IBM.

"right I know other great women CEOs uh Marilyn Houston who ran Lockheed Martin extremely technical company maryborough who runs General Motors Alan Coleman who run Dupont these are all my friends to t..."

82
1:46:00 - 1:47:09
1:09 duration260 words

Creating Opportunities for Returnees

Rometty recounts how her sister's hesitation to return to work after family time inspired her to implement returnship programs at IBM. She highlights the importance of confidence in the workforce and how these initiatives helped many individuals reintegrate into their careers.

"sister who uh you know went to Northwestern has an MBA built some of the most sophisticated systems uh she spent her whole career at Accenture and just recently retired as a chief executive of all of ..."

83
1:47:09 - 1:48:49
1:40 duration350 words

The Power of Relationships

Rometty discusses the significance of building relationships in leadership, emphasizing that they are not transactional. She shares her experiences with fellow women CEOs and the importance of mutual support and mentorship in navigating the challenges of leadership.

"know and and I so with the long answer to your question about I didn't but I am so empathetic and I am in awe of what they are able to do so uh and it made me then I think more empathetic to the polic..."

84
1:48:49 - 1:51:06
2:17 duration456 words

Advice for the Next Generation

In this closing segment, Rometty offers advice to young people, encouraging them to ask questions and practice patience. She reflects on the importance of curiosity and the value of taking time to let life unfold, reinforcing that a fulfilling life is one where you leave things better than you found them.

"they are we are friends all of us and I can remember some of them when I first became a CEO calling me and saying hey it's a little lonely here so let me talk to you and then when they became I did th..."