IBM's top 2 execs earn more than $38M in 2012 -TechWire Insider

Updated Mar. 12, 2013 at 10:16 p.m.

IBM's top 2 execs earn more than $38M in 2012

Virginia Rometty and Sam Palmisano on cover of the IBM annual report. Image 1 of 2 · Next Image…

By Staff, wire reports

Tags: IBM

Research Triangle Park, N.C. — Chairman, Chief Executive Officer Ginni Rometty, who took the CEO job in January 2012, earned $16.2 million in compensation last year, including $9.26 million in stock awards. Retired Chairman Sam Palmisano received $22.3 million.

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All this as they continue to lay off employees, ship jobs overseas, reduce benefits, and reduce the 401(k) contributions. Yep, they are definitely worth the outrageous salaries.

anonymous
March 12, 2013 7:19 p.m.

Yup, now I understand why IBM stands for I Barely Matter!

anonymous
March 12, 2013 11:33 a.m.

WHO needs $19 million a year to live on?????? This is absurd. No wonder they're outsourcing... AND not paying employees in the US well, to pay these ridiculous salaries.

anonymous
March 12, 2013 9:28 a.m.

Is IBM still around? Boy... I do not see them making king any headway.

Phil Lumberg
March 12, 2013 8:35 a.m.

Hey WRAL- it's food "chain" not food "change"

anonymous
March 12, 2013 7:50 a.m.

Salaries for these execs is a joke.. Employees need to revolt.. And they have the gall to complain about raising the minimum wage..

David Ellringer
March 11, 2013 7:57 p.m.

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