It is amazing that while teachers and other workers are vilified and derided, the CEOs continue to rake in the dough...which is then used to send their kids to the big league schools...a nice money making racket...
IBM bumps CEO Palmisano's pay 19 pct in 2010
IBM bumps pay package of CEO Palmisano by 19 percent in 2010, cites surpassing of profit goal
The value of the pay package for IBM's chief executive, Sam Palmisano, rose 19 percent in 2010 from a year earlier to $25.2 million, thanks to a near-doubling of his performance-based bonus as the company surpassed a profit goal it set in 2007, according to an Associated Press review of a securities filing.
In justifying the pay bump, International Business Machines Corp. cited in Monday's filing its annual net income per share of $11.52, above the goal of $10 to $11 it set in 2007, and almost triple the level in 2000. The company is aiming for $20 per share of operating earnings in 2015.
It also noted that dividends rose to $3.2 billion in 2010 from $2.9 billion a year earlier, and that the company bought back $15.4 billion in shares.
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