IBM Grants Rometty Record Bonus for 2016 After Shares Recover
- Annual incentive tied to operating net income, cash flow
- IBM stock rose 21 percent in 2016, first gain in four years
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IBM Chief Executive Officer Ginni Rometty got her biggest bonus as head of the company last year after the shares rose about 21 percent, the first annual gain in four years.
Rometty received a $4.95 million payout under her annual incentive plan, the largest since she was named CEO of International Business Machines Corp. in 2012, according to a regulatory filing from the Armonk, New York-based company. The bonus was tied to goals for operating net income, operating cash flow and revenue from the company’s “strategic imperatives,” according to a March proxy statement. She received a $4.5 million payout in 2015.