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IBM’s Palmisano to receive $6.8M in salary and bonus

February
6

Allan Drury
The Journal News

The chief executive of IBM Corp., the giant computer company based in Armonk, will earn $1.8 million in salary and a $5 million bonus for meeting the company’s 2006 performance goals, the company said.

In addition, Samuel Palmisano could earn an additional $11.5 million in long-term incentive awards, depending on the company’s financial results, according to a document IBM filed with the U.S. Securities and Exchange Commission

This entry was posted on Tuesday, February 6th, 2007 at 1:41 pm by Allan Drury.
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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