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IBM boss receives $18.6 million salary

Published: 2:10PM Tuesday March 12, 2013 Source: ONE News

  • IBM's supercomputer to give instant medical diagnoses. (Source: ABC)
    IBM's supercomputer to give instant medical diagnoses. - Source: ABC

IBM Chief Executive Virginia Rometty has received a pay package worth US$15.4 million (NZD$18.6 million) during her first year running one of the world's largest technology companies.

Rometty, the first woman to lead IBM, roughly doubled the US$7.5 million she earned the year before, when she was employed as Senior Vice President in charge of the company's global sales.

The pay package is inclusive of salary, bonuses, perks and stock and options awarded during 2012, the Associated Press reports.

Rometty succeeded Sam Palmisano at the beginning of 2012, and took over the chair of the company in October last year.

According to AP, IBM's earning rose 13% compared to the previous year, and expectations for 2013 are above analyst forecasts.

IBM shares fell 0.1% to $210.08 today in New York. The stock has climbed 9.7% this year.