IBM chief bags US$31.7m

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IBM chief bags US$31.7m

Big year-on-year increase.

IBM chief Sam Palmisano earned US$31.7 million in total compensation last year, up from US$24.3 million a year earlier.

IBM said the 30 percent increase was based on performance, including achieving earnings of US$11.52 per share in 2010, above a target set back in 2007, according to a filing with the U.S. Securities and Exchange Commission.

(Reporting by Ritsuko Ando; Editing by Gary Hill)

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