sobota, 31 stycznia 2015

IBM brings back bonuses for top execs even as profits slide

A man passes by an illuminated IBM logo at the CeBIT computer fair in Hanover By Bill Rigby SEATTLE (Reuters) - International Business Machines Corp brought back annual performance bonuses for its chief executive and her top lieutenants for 2014 despite falling profits and a tumbling stock price, a regulatory filing showed on Friday. The technology company, which has posted lower revenue for 11 quarters in a row as it struggles to transform itself into a cloud-based software and services company, withheld annual bonuses in 2013 at the executives' own request. The bonuses returned as a feature of IBM's executive compensation for 2014, according to a document filed with securities regulators on Friday, despite the fact that IBM's net profit from continuing operations fell 7 percent last year and its stock shed about 14 percent. IBM CEO Virginia Rometty will get a $3.6 million annual incentive payout for 2014, according to the filing.








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