IBM’s Palmisano Paid $31.8 Million for His Last Year as CEO
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International Business Machines Corp. paid Sam Palmisano $31.8 million in 2011, his last year as chief executive officer before he was succeeded by Virginia “Ginni” Rometty in January.
Palmisano’s pay is little changed from the $31.7 million he earned in 2010, according to a regulatory filing today. Annual compensation includes salary, bonus, stock awards and options. Rometty earned $8.34 million last year, when she was head of sales and marketing, up from $6.4 million in 2010.