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IBM CEO's pay hit $21.2 million in 2009

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ChromeFoundry Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue Mar-09-10 10:44 AM
Original message
IBM CEO's pay hit $21.2 million in 2009
Source: ComputerWorld

March 8, 2010 09:46 PM ET

Network World - Sam Palmisano, chairman and CEO of IBM, was awarded a compensation package valued at $21.2 million in 2009, according to documents filed today with the U.S. Securities and Exchange Commission.

His total compensation rose slightly compared to 2008, when his pay package was valued at $21 million.

CEO payday: How much tech chiefs made in '08

Palmisano’s 2009 salary was $1.8 million, which is unchanged from 2008. He earned a $4.75 million performance-based cash bonus, down 14% from $5.5 million in 2008.

The bulk of his pay package came in the form of performance-based stock awards, which were valued at $13.5 million at the time they were granted (up 11% from $12.2 million in 2008).

Palmisano also received $1.1 million in perks and other compensation. His perks included personal travel on company aircraft of $320,065; use of company autos; financial planning; personal security; and other personal expenses.



Read more: http://www.computerworld.com/s/article/9167698/IBM_CEO_...


Yet, layoffs continue at IBM in the US.
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   Replies to this thread
   How will he manage  Turbineguy   Mar-09-10 10:48 AM   #1 
   Outsources scores of US jobs overseas...yet makes $21.2 million in 2009?  OhioChick   Mar-09-10 10:51 AM   #2 
   You should see his retirement plan. IBM reduced my retirement benefit by $600 a month  sinkingfeeling   Mar-09-10 10:57 AM   #3 
   They laid off 10,000 employees in 2009 and will lay off 2,000 this year...PLUS  xultar   Mar-09-10 10:57 AM   #4 
   Disgusting and indefensible.  avaistheone1   Mar-09-10 11:15 AM   #5 
   Hope you don't mind....I'm going to post this in GD. n/t  OhioChick   Mar-09-10 07:21 PM   #6 
   I thought free markets and capitalism reward good performances and punish bad performances.  bulloney   Mar-09-10 08:04 PM   #7 
   The IBM CEO and his ilk have MORE SAY about what our Nation does than President Obama.  ShortnFiery   Mar-09-10 08:12 PM   #8 
 
Turbineguy Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue Mar-09-10 10:48 AM
Response to Original message
1. How will he manage
on such a paltry sum? I mean, one is expected to keep up a certain standard of living.
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OhioChick Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue Mar-09-10 10:51 AM
Response to Original message
2. Outsources scores of US jobs overseas...yet makes $21.2 million in 2009?
WTF is wrong with this picture?

Oh...almost forgot...also begs Obama for a bailout. Disgusting.

IBM CEO begs Obama for bailout

http://valleywag.gawker.com/5078804/ibm-ceo-begs-obama-...
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sinkingfeeling Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue Mar-09-10 10:57 AM
Response to Original message
3. You should see his retirement plan. IBM reduced my retirement benefit by $600 a month
back in 1999, exactly 4 years from my retirement date.
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xultar Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue Mar-09-10 10:57 AM
Response to Original message
4. They laid off 10,000 employees in 2009 and will lay off 2,000 this year...PLUS
they offered their us employees jobs in India @ Indian wages and refused to pay relocation.

The fuckers.
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avaistheone1 (1000+ posts) Click to send private message to this author Click to add this author to your buddy list Click to add this author to your Ignore list Tue Mar-09-10 11:15 AM
Response to Original message
5. Disgusting and indefensible.
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OhioChick Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue Mar-09-10 07:21 PM
Response to Original message
6. Hope you don't mind....I'm going to post this in GD. n/t
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bulloney (1000+ posts) Click to send private message to this author Click to add this author to your buddy list Click to add this author to your Ignore list Tue Mar-09-10 08:04 PM
Response to Original message
7. I thought free markets and capitalism reward good performances and punish bad performances.
Any time someone plays the "socialist" card, I bring up crap like this to their faces. Most of these morons who decry socialism don't know what it is or how much it is a part of their lives.

One dolt I argued with recently was trying to tell me that the middle class has benefited and grown in the past 30 years, thanks to trickle-down economics. She admits being a Limbaugh fan.

I think I've flushed stuff down the toilet with more brains than that bimbo.
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ShortnFiery Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue Mar-09-10 08:12 PM
Response to Original message
8. The IBM CEO and his ilk have MORE SAY about what our Nation does than President Obama.
They OWN us, i.e., large multi-national corporations. :puke:
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DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Thu Sep 09th 2010, 02:59 PM
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