very true. I blame the board more than him. I just think the compensation is so extraordinarily out of line that it cannot be justified given their condition. He should have some skin in the game. His own that is. He has nothing to lose. If he fails he can still retire in absolute luxury and never sweat a minute in his life. If he pulls it off, they will make him even richer. Is that really even possible?
I make $7 million a month. . .
- Thread starter Tx_Atty
- Start date
95_stroker
Jefe
How much does the CEO of a comparable firm (GM,Chrysler,Toyota, etc etc) pull down a year?
lou gerstner (in his final year at ibm) made more than 48M (cash)
plus bonus' and options...
lou was the turn around "artist" who came in when ibm was at its
lowest and NOT expected to recover...
the current ceo of ibm (Sam Palmisano) would get 5M if he were fired
today PLUS 12.8M dollars in stock plus another 6M (dollars) in deferred
stock....his current DEFERED compensation is 34.9M
Mr. Palmisano's 2006 compensation was:
Salary: 1,750,000.00
Performance Bonus of: 5,342,100.00
Awarded stock of: 6,462,033.00
and a BUNCH of other crap...his 2006 compensation
(when everything is totaled) was $24,463,788.00
IBM is an 95 BILLION dollar company.
plus bonus' and options...
lou was the turn around "artist" who came in when ibm was at its
lowest and NOT expected to recover...
the current ceo of ibm (Sam Palmisano) would get 5M if he were fired
today PLUS 12.8M dollars in stock plus another 6M (dollars) in deferred
stock....his current DEFERED compensation is 34.9M
Mr. Palmisano's 2006 compensation was:
Salary: 1,750,000.00
Performance Bonus of: 5,342,100.00
Awarded stock of: 6,462,033.00
and a BUNCH of other crap...his 2006 compensation
(when everything is totaled) was $24,463,788.00
IBM is an 95 BILLION dollar company.
