When Arvind Krishna took over as CEO in April 2020, International Business Machines (NYSE: IBM) looked like a fundamentally different company. Krishna had previously headed IBM's cloud and cognitive software division and persuaded the previous CEO, Ginni Rometty, to approve the $34 billion acquisition of open-source software specialist Red Hat the previous year.

Almost four years after Krishna's tenure began, IBM has transformed itself into a cloud company. The question is, how much has that benefited its shareholders?

If you bought $10,000 in stock on the day Krishna took over IBM and reinvested any dividends paid out over that time, you would have roughly $19,720 today. The stock itself would be worth just over $16,000, with dividend income accounting for the remainder.

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Source Fool.com