Network World

is this good news for IBM stuffs? But I guess this is same for someone else....

God said he will love everbody, maybe not true?

It's pretty awful to see Palmisano (and other CEOs) receiving increases in pay, benefits and deferred compensation when they make massive layoffs and continue to take away benefits for current employees.

Palmisano & company have gotten away with age discrimination in layoffs, had employees train their foreign replacements and taken money from state governments as incentive for creating local jobs, then reneging on their end of the agreement.

For this, Palmisano will get a $10K per day pension package.

What ever happened to the good ole' days when companies made profits based on Sales and Productivity and not by staff reductions. What a shame to bring in a profit like that.

Palmisano has some nerve receiving $20+ million in 2008, when the company permanently cuts thousands of jobs. Not sure how the execs of this company can sleep at night. Then again, I am sure they have become used to sleeping without a conscience.

Sam, if you only knew how low moral was at IBM. Perhaps you would see just b eyond the mighty dollar. While you must answer to shareholders, perhaps you need to be reminded of the people who actually make IBM work...and it's not upper management. You need to take a serious reality check one of these days.

Fat bastard Sam is sucking the life blood out of the company. All in the comfort of a company jet.

Sam has way too many stuffs. Pig!

Sounds like another AGI to me. Somebody throw the pig in the slammer.

I don't support massive salary disparities for anyone, be they CEOs, musicians, movie or sport stars... and there are lots of the latter categories earning megabucks, too. But OTOH when you look at Palmisano and IBM (a) IBM is actually doing well and (b) more than half of his "pay" is actually stock options he's had for years. He doesn't get cash for those unless he sells them at a price higher than the award price. When you look at it objectively he was "only" paid around $7 million but has the *potential* to recoup more, if he can keep the company's shareprice up. Still arguably not a good thing but a very different thing from what's portrayed here.

I was employed at IBM till Feb. 09 - our entire department was laid-off at the Toronto/Markham office. The company spent a lot on the restructuring cost of laying off these qualified workers. This was probably done to boost the profits of the company and give shareholders a higher return. Well done, Sam, you made a great living at the expense of your employees that supported the company.

To hear this, when we in IBM(UKI) have been told of a total salary freeze, is sickening. This man is a leach, sucking the blood out of our company. Just look at the bloated swine with his little 'piggy-eyes'