International Business Machines Corp (IBM) Chief Executive Officer Sam Palmisano's compensation increased 30 per cent last year as the company exceeded its four- year earnings target.
Palmisano, 59, received $31.7 million in total compensation, including salary, stock awards and incentives, compared with $24.3 million a year earlier, the Armonk, New York-based company said in a regulatory filing.
The CEO's non-stock incentive compensation almost doubled to $9 million as IBM increased its full-year profit to $11.52 a share, besting its goal of at least $10 set four years ago. Palmisano set another long-term target for the company last year, saying that operating earnings will almost double to $20 a share in 2015.
Palmisano, 59, received $31.7 million in total compensation, including salary, stock awards and incentives, compared with $24.3 million a year earlier, the Armonk, New York-based company said in a regulatory filing.
The CEO's non-stock incentive compensation almost doubled to $9 million as IBM increased its full-year profit to $11.52 a share, besting its goal of at least $10 set four years ago. Palmisano set another long-term target for the company last year, saying that operating earnings will almost double to $20 a share in 2015.
IBM, the world's biggest computer-services provider, The shares have climbed 9 per cent this year.b Palmisano, who has led the company since March 2002, received $4.75 million in non-stock incentive pay in 2009.
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