View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 19, 1996


By CBR Staff Writer

Lou Gerstner clearly believes that IBM Corp can continue the high-wire accountancy act that has thus far enabled it to isolate from its reported figures just how manifold and widespread problems it faces in so many parts of its business. The chairman and chief executive asked the board to lower his salary by $500,000 and raise his potential bonus if the shares continue to rise. He will get a salary of $1.5m this year, down from $2m in 1995, but the minimum target for his bonus has been increased to $2m from $1.5m. The minimum target for a long-term performance incentive of cash and shares has been raised to $1.5m from $500,000 – and he can qualify for up to 50% more than the minimum payment, giving him the potential to earn $2.25m under the long- term incentive program this year where the maximum in this category was $750,000 last.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.