When Christopher Steffen, reportedly a slash and burn merchant when it comes to cutting costs and staff, quit Eastman Kodak Co on Wednesday after just seven weeks in the job of chief financial officer of Eastman Kodak Co, saying that the team was agreed on the objectives, but had irreconcilable differences on how to get from here to there, IBM Corp shares jumped for joy in anticiptation that he was about to be named finance chief – but the joy subsided and so did the share price, off 87.5 cents at $49 when nothing happened yesterday; word out of IBM is that there is an appointment already to be announced, but unless the fact that Steffen is now at a loose end causes a last-minute re-think, he is not the man that IBM has in mind.
