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March 19, 1987

TOP PEOPLE AT IBM SUFFER AS POOR PROFIT PERFORMANCE CONTINUES

By CBR Staff Writer

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%.

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