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And, in short, 24 rivals in the computer industry stack up better than IBM.
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The fast food industry had stacked the deck against ordinary consumers, and I thought that talking about this in public was a corrective, if a slight one.
Its boss and majority shareholder, Chris Eaton, says the firm, which specialises in "tax-efficient structures", operates somewhere between the industry's "stack-'em-high, sell-'em-cheap commoditisers" and the high-end private-trust companies, which provide more elaborate services to a more select group of clients.
Its megacorporations are, with the possible exception of Disney, not remotely as secure as the tech industry's Stacks.
With distributed computing the industry became a stack of horizontal layers.
Imagine that the industry is a stack of pancakes, each representing a "layer" of technology: chips, hardware, operating systems, applications.
But first it must deal with the legacy of dirty and inefficient smoke-stack industry and low-cost manufacturing.
In his distinctive diction - sounding like he's trying to work a toffee off his back teeth - he persuasively argued: "Market first, smoke-stack industry second".
We're about to watch the next big shift in online music play out as we move from three separate music industries to Full Stack Music.
Direct sources release GHGs directly into the air, like power plants and other smoke stack industries.
But, I think the facts will also show that there was excessive financial influence exerted by Big Pharma and the private insurance industry that ultimately stacked the deck in their favor.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com