9 gigantic bonuses that make yours look like chump change

Seven-figure cash bonuses sweeten tech CEOs' pay packages

By , Network World |  IT Management, slideshow

Who: IBM CEO Sam Palmisano 

Bonus amount: $9 million

Total 2010 compensation: $31.7 million

Company performance: IBM grew revenue and income by 4% and 10%, respectively, in its 2010 fiscal year ended Dec. 31. Revenue came in at $99.9 billion, up from $95.8 billion in 2009. Net income hit $14.8 billion, up from $13.4 billion.

Justification for bonus: IBM CEO Sam Palmisano's $9 million award represents an 89% increase over the $4.8 million bonus he received in 2009. In justifying the bonus, IBM cited a number of favorable results achieved in 2010, including: record profit and cash flow; earnings-per-share of $11.52, surpassing the high end of its EPS target set back in 2007; and 17 acquisitions for $6.5 billion.

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