http://www.foxnews.com/wires/2009Mar...sation,00.html

Quote: Palmisano, 57, got $1.8 million in base salary, the same as in 2007. He got a performance-based cash bonus of $5.5 million, which was $500,000 above his target for the year.

His perks totaled $1.4 million. That included $493,881 for expenses incurred on personal travel on the company's private plane, dividend equivalents of $453,397 on restricted stock, and $412,000 in company contributions to defined contribution plans.

Palmisano also got an award of performance-based stock that was valued at $12.2 million when it was granted in May. The number of shares he actually gets will depend on IBM's performance, and they won't be handed out until Feb. 1, 2011, the company said in its filing.

Palmisano's total pay package was valued at $20.97 million in 2008, according to the AP's calculations. In 2007, his compensation was $20.91 million, and in 2006 it was $18.77 million, also according to the AP's calculations.

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If employees could make some of the money like all these "bloated" CEO's, CFO's and etc... our economy sure would be a WHOLE lot better then it is now.

Base salary of $1.8MILLION!!! *I* don't believe anyone is worth that kind of salary... especially since most of their employees get paid shit for a salary.

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