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Local Tech Wire

RESEARCH TRIANGLE PARK, N.C. – , the Communications Worker of America chapter that is seeking to represent IBM workers, blasted IBM and Chairman/Chief Executive Officer Sam Palmisano on Tuesday after news emerged about the executive’s compensation package.

Palmisano earned $21.2 million in 2009, slightly more than in 2008, according to an analysis by The Associated Press of an (NYSE: IBM) filing with the Securities and Exchange Commission. ()

“IBM CEO Palmisano’s pay and compensation of $21 million is outrageous given the firing of over 10,000 employees in 2009 and the recent firing of 2600 more this year,” said Lee Conrad, one of Alliance@IBM’s executives and a retired 26-year IBM veteran.
“Those ex-employees and their families are struggling in an economic recession where companies like IBM increase profits on the backs of working families,” Conrad added.

“Where is the humanity and remorse of executives like Palmisano? It is clear they do not see or care what happens to employees and former employees who through their labor and expertise help him and other executives become richer.”


Conrad also said many IBM workers who keep their jobs are facing wage pressure.

“Current IBMers face a falling standard of living as pay raises promised become pay raises denied,” Conrad said.

IBM cut its U.S. work force to 105,000 in 2009. The company employed nearly 138,000 in the U.S. in 2005.

Big Blue employs some 10,000 people in RTP.

On March 1, IBM notified nearly 2,700 U.S. workers that they would be losing their jobs over the next 30 days, according to data provided to Alliance@IBM by IBM employees. ()