IBM’s top officers are feeling the pinch as the company’s poor profit performance eats into their pay: chairman John Akers saw his salary and bonuses fall 3.2% to $711,900 last year, something of an irony since his predecessor, John Opel, made more than $1m in 1984 and the policies that led to IBM’s fall from grace must have been in place well before Akers took over; the three top officers beneath Akers fared even worse, seeing their pay in 1986 decline by a painful 9%.
TOP PEOPLE AT IBM SUFFER AS POOR PROFIT PERFORMANCE CONTINUES
