IBM CEO's pay hit $21.2 million in 2009

As a company, IBM reported revenue of $95.8 billion in fiscal 2009, a decrease of 8% compared to $103.6 billion in 2008. However, Big Blue managed to grow its profit during the year ended Dec. 31. Income came in at $13.4 billion, a gain of 9% compared to $12.3 billion in 2008.

Palmisano’s total pay is calculated using data supplied in a proxy statement filed with the SEC on March 8. The following figures are taken from the summary compensation table: salary, bonus, non-equity incentive plan compensation, nonqualified compensation earnings, and all other compensation (perks). Added to those figures is the estimated value of stock options and awards granted during the year; that figure is taken from the table that summarizes grants of plan-based awards. The calculations don't include changes in the value of pension benefits or changes in retention plan value.

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