I agree that shareholder return is the point of businesses like IBM and this guy is contorting things to make a political point about them.
But the question is whether some of that profit was short-sighted or is unsustainable as more effective providers are now considered by their customers to be viable alternatives.
OK, that's a legitimate question. The folks best equipped to answer it are the Wall Street analysts who study IBM (and other commonly held stocks) very carefully, because that's just what they do in their profession. Turns out, from everything I've seen, that the consensus of these analysts is that IBM will have double digit growth of the bottom line for at least the next three years. Put into Wall Street jargon, they are very bullish on IBM. (Of course, these analyst opinions are always subject to change as events warrant.)