Incentives rise 89% for IBM's CEO

January 29, 2011 

IBM nearly doubled the incentive pay for CEO Samuel Palmisano in 2010, the technology company reported in a regulatory filing Friday.

Bloomberg News reported that Palmisano, who has led the company for eight years, received $9 million in incentives compared to $4.75 million the prior year. His full compensation package will be reported later.

IBM reported profit for the year of $11.52 a share, which beat the company's target. IBM is one of this region's largest private employers, with about 10,000 workers at its Research Triangle Park campus.

Palmisano wrote in a memo this month that IBM will give nonexecutive workers $1,000 in long-term stock incentives to thank them for "superior execution." The company's shares are up 29 percent over the past year.

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