BENGALURU:
IBM
chairman & CEO Arvind Krishna earned $16.5 million in total compensation in 2022, $1 million less compared to 2021, as per regulatory filings.
Krishna’s base salary remained the same at $1.5 million and he got $8.9 million in stock awards and $2 million in options. The ratio of the CEO’s annual total compensation to that of the median employee’s annual total compensation is 271:1.
The compensation was $61,242 for the median employee.
The filing said that for 2023, the Board made no changes to Krishna’s base salary or target annual incentive, which was just below the median target cash compensation of the 2023 benchmark group (of CEOs in similar companies). “He was granted an annual long-term incentive award valued at $17 million, which is the first increase since Mr Krishna became CEO in 2020, and in line with the median of the 2023 benchmark group...For 2023, 77% of Mr Krishna’s annual total target compensation is at risk and subject to attainment of rigorous performance goals and IBM’s stock price performance,” the statement said.
In 2022, IBM grew 11% to $60.5 billion in revenue, and generated $10.4 billion cash from operations. Its software revenue grew 12% year-on-year, while its hybrid platform and solutions grew 9%, including
RedHat
at 17%. Consulting revenue grew 15%.
“In the past year, we took decisive steps to build a stronger IBM and helped our clients turn business challenges into opportunities. The market recognises hybrid cloud and AI as the two most transformational technologies of our time and, for clients, they serve as fundamental sources of competitive advantage. Our consulting teams have brought these technologies to life for our clients to accelerate their digital transformations and enterprise automation journeys. We also continued a steady pace of acquisitions to bolster our portfolio, delivered innovations in infrastructure, strengthened our software portfolio, streamlined our go-to-market strategy, and expanded our ecosystem of partners,” Krishna said in a letter to shareholders.
FAQs
Base Salary Steady: Krishna's base salary remained unchanged at $1.5 million (around ₹12.43 crore). Bonus Exceeds Target: The board awarded Krishna a hefty annual incentive payment of $3.5 million (around ₹29 crore), exceeding the target amount by 117%.
What has Arvind Krishna done for IBM? ›
Arvind Krishna is the Chairman and Chief Executive Officer of IBM. As a business leader and technologist, he has led the building and expansion of new markets for IBM in artificial intelligence, cloud, quantum computing, and blockchain.
How much do IBM executives make? ›
The estimated total pay range for a Executive at IBM is $157K–$294K per year, which includes base salary and additional pay. The average Executive base salary at IBM is $210K per year. The average additional pay is $0 per year, which could include cash bonus, stock, commission, profit sharing or tips.
Is IBM CEO an Indian? ›
Arvind Krishna (born 1962) is an Indian-American business executive, and the chairman and CEO of IBM. He has been CEO of IBM since April 2020 and chairman since January 2021. Krishna began his career at IBM in 1990, at its Thomas J.
Who is the highest paid IBM employee? ›
IBM Salary FAQs
The highest-paying job at IBM is a Vice President GBS with a salary of $586,041 per year (estimate).
What CEO jobs pay the most? ›
High Paying CEO Jobs
- Market President. Salary range: $400,000-$400,000 per year. ...
- President. Salary range: $115,000-$261,500 per year. ...
- Corporate President. Salary range: $115,000-$261,500 per year. ...
- President and CEO. Salary range: $106,500-$223,500 per year. ...
- Bank President. ...
- Executive. ...
- Banking Officer. ...
- Insurance Executive.
Vanguard owns the most shares of International Business Machines (IBM). The ownership structure can impact the company's decision making, as large institutional investors may exert influence on the company's management and can also affect the company's stock price with their buying and selling patterns.
How does IBM still make money? ›
Software has become IBM's single biggest source of revenue as the company turns up the heat on hybrid cloud computing. Its consulting business is still sizable, but it's a distant second now, with infrastructure (hardware) running a close third in terms of sales.
What is the retirement age for IBM CEO? ›
The traditional retirement age for CEOs at IBM has been 60, or close to it.
What is the salary of VP in IBM? ›
The estimated total pay range for a Vice President at IBM is $326K–$537K per year, which includes base salary and additional pay. The average Vice President base salary at IBM is $245K per year. The average additional pay is $168K per year, which could include cash bonus, stock, commission, profit sharing or tips.
The average IBM salary ranges from approximately ₹ 3,57,307 per year for Procurement Analyst to ₹ 18,00,000 per year for Scheduler. The average IBM monthly salary ranges from approximately ₹ 10,695 per month for Customer Care Specialist to ₹ 82,076 per month for Project Manager.
How much does an executive partner at IBM make? ›
The estimated total pay range for a Executive Partner at IBM is £183K–£229K per year, which includes base salary and additional pay. The average Executive Partner base salary at IBM is £200K per year. The average additional pay is £0 per year, which could include cash bonus, stock, commission, profit sharing or tips.
Who owns IBM now? ›
IBM is primarily owned by institutional investors, with Vanguard Group, BlackRock, and State Street being the top three. Vanguard Group owns 8.86% of IBM's shares, BlackRock owns 8.0%, and State Street owns 5.93%. The top individual shareholders include Arvind Krishna (IBM's CEO), Michelle H.
Is IBM American owned? ›
International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American multinational technology company headquartered in Armonk, New York and present in over 175 countries.
Why are so many CEOs Indian? ›
These CEOs possessed a work ethic that could move mountains. Growing up in a culture that values perseverance and resilience, they embraced the concept of hard work as an integral part of their identity. India's dynamic business environment and fierce competition have instilled in them a relentless drive to succeed.
What is the salary hierarchy of IBM? ›
IBM Salaries in India
| Designation | Avg Annual Salary |
|---|
| Associate Systems Engineer 0 - 8 years exp. (3.9k salaries) | ₹8.2 Lakhs ₹3.3 L/yr - ₹12.4 L/yr |
| Senior Consultant 3 - 15 years exp. (3.4k salaries) | ₹20.6 Lakhs ₹8.5 L/yr - ₹31 L/yr |
| Senior System Analyst 6 - 15 years exp. (2.9k salaries) | ₹22.5 Lakhs ₹9 L/yr - ₹31.2 L/yr |
7 more rowsJim Kavanaugh
IBM CFO Jim Kavanaugh will have a 2023 cash salary rate of about $1 million starting April 1, according to the filing. That is in line with his 2022 base salary of about $1 million in 2022. That base salary was up about 7 percent year over year.
How much does Sanjay Mehrotra make? ›
MICRON TECHNOLOGY INC SAYS CEO SANJAY MEHROTRA'S 2023 TOTAL COMPENSATION WAS $25.3 MILLION VERSUS $28.8 MILLION IN 2022 - SEC FILING.
What is the salary of CEO of Accenture? ›
Julie Sweet, the CEO of Accenture Plc, earned a total remuneration of $31.55 million, which constitutes 0.049% of the company's $64.1 billion revenue.
