CEO Pay: Big Bucks for Tech's Chief Executives

Salaries, bonuses, perks and stock awards added up to big pay packages for tech CEOs in 2008.

By Ann Bednarz, Network World

Sam Palmisano's nearly $21 million package included a $1.8 million salary; $5.5 million performance-based bonus; stock options and awards worth an estimated $12.22 million at the time they were granted; and $1.44 million in perks (including $493,881 for personal use of a company aircraft). Overall, Palmisano's 2008 compensation was up just slightly from 2007, when his pay package was valued at $20.91 million. But the company saw bigger gains: IBM reported revenue of $103.6 billion in 2008, up 5% from 2007's $98.8 billion. Income for the year ended Dec. 31 came in at $12.3 billion compared with $10.4 billion, a jump of 18%.
Slideshow republished with permission from Network World. (View original version.)