Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

IBM Chief Palmisano’s Compensation Rises to $31.7 Million

IBM Corp. CEO Sam Palmisano
Sam Palmisano, president and chief executive officer of International Business Machines Corp. Photographer: Joshua Roberts/Bloomberg

International Business Machines Corp. Chief Executive Officer Sam Palmisano’s compensation increased 30 percent last year as the company exceeded its four-year earnings target.

Palmisano, 59, received $31.7 million in total compensation, including salary, stock awards and incentives, compared with $24.3 million a year earlier, the Armonk, New York-based company said today in a regulatory filing.

The CEO’s non-stock incentive compensation almost doubled to $9 million as IBM increased its full-year profit to $11.52 a share, besting its goal of at least $10 set four years ago. Palmisano set another long-term target for the company last year, saying that operating earnings will almost double to $20 a share in 2015.

IBM, the world’s biggest computer-services provider, fell $1.90 to $159.93 at 4:15 p.m. in New York Stock Exchange composite trading. The shares have climbed 9 percent this year.

Palmisano, who has led the company since March 2002, received $4.75 million in non-stock incentive pay in 2009.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.