A serious insult because it'd be much more true would be to look at it's OD, culture and demise since Gerstner. Gerstner wasn't happy with a lot of IBM slop, paper pushers, and corporate BS either. That'd keep it on track rather than spurious comparisons.
Gerstner layed of somewhere around 20% of work force, sold off tons of ibm art, real estate etc because IBM was lost ... And losing money. That says something. Spurious comparisons don't.
Labeling IBM bad because it out sources to India is a vieled insult to indians and it's culture I guess. If that's the position -- not mine --- have the galiteantry and courage to just say so.
I'm reminded of the Futurama line: do you idiots where you're from? Nobody nowhere can say no to that. American culture, OD, and common sense when it's not losing money, playing golf, splashing around shareholder cash on art or tieing up innovation in BS (all of which IBM did pre Gerstner and was called out for) expects problems fixed, brings out the best in all comers, and expects comers to be value add. Thosr that cant play that game are out.
Regrettably this has one dark corner. Management isnt so good at overseeing itself. So in really bad situations they are good at shifting blame. Well nobody said it'd be easy. Let's start by not gossiping however.