IBM CEO Ginni Rometty Made $16 Million Last Year-Is She Underpaid?
AP
That includes $1.5 million base
Although it's hard to call anyone who makes $16 million a year underpaid, in some ways she might be.
It's true that her pay is fair from a historic lens. The previous CEO, Sam Palmisano, started in 2002 and earned $1.43 million in salary and $4.5 million in bonuses that year, for a total of $5.93 million. Adjusted for inflation, that would be worth about $7 million today.
Flash forward to 2012, Rometty's first full year as CEO.
Sam Palmisano earned far more than Rometty last year for serving 10 months as chairman. Rometty took over the chairman role in October.
He took home $37 million, including more than $1.6 million in salary and $18.5 million in stock. That also included a $13.8 million increase in pension benefits and over $2 million in "other" compensation, mostly personal travel expenses on IBM planes. (Rometty logged $687,725 in other pay—mainly personal travel, too.)
Now look at Rometty's pay compared to others in the industry—two other top women tech CEOs and two big IBM rivals.
Seems hard to believe that Rometty's pay should be roughly equal to Hewlett-Packard CEO Meg Whitman's, given the year HP has had under Whitman's command. But there it is.
Rometty's getting paid far less per dollar of market cap than any of these CEOs. Here are the most-current numbers:
CEO | Company | Pay | Market Cap | Revenues |
Ginni Rometty | IBM | $16M | $235 billion | $104 billion |
Meg Whitman | HP | $15.4M | $41 billion | $120.4 billion |
Marissa Mayer | Yahoo | $19M | $25 billion | $4.5 billion |
John Chambers | Cisco | $11.7M | $115 billion | $46.1 billion |
Larry Ellison | Oracle | $96M | $167 billion | $37.2 billion |
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market