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IBM to Give Hundreds of Thousands of Workers $1,000 in Stock

International Business Machines Corp. chief Sam Palmisano is giving non-executive workers $1,000 in long-term stock incentives after the company posted fourth-quarter earnings that sent shares to a record high.

“We are continuing to outperform the market and our competitors and to make encouraging progress against our strategic growth initiatives,” Palmisano wrote in a memo to employees. “Our long-term success is the product of the work, innovation and superior execution of more than 400,000 IBMers.”