IBM cuts options, increases director pay
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- December
- 21
IBM Corp. of Armonk said it will no longer grant stock options to members of its board of directors who are not employees of the company. But the annual retainer directors receive will double from $100,000 to $200,000 in 2007. The company’s stock was trading at $96 a share, unchanged, at 9:35 a.m.
This entry was posted
on Thursday, December 21st, 2006 at 10:44 am by Allan Drury.
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