Bengaluru: ibm President and CEO Arvind Dark woman According to IBM’s 2022 annual general notice, $17.5 million was paid out for 2021, up from $17 million a year earlier. proxy statement,
CFO James Kavanaugh took home $10.1 million, compared to $9.7 million in 2020. IBM’s board approved an annual stimulus payment of $2.9 million to Krishna for 2021 performance, which was 98% of the target.
The company said the incentive payment was meant to optimize the company’s portfolio to focus on hybrid cloud and AI development, separating Kindrill last year from social impact, innovation and talent and leadership, among others.
Some of the business drivers that led to Krishna’s incentive payout include IBM’s hybrid cloud revenue which has grown to over $20 billion and is now 35% of IBM and growing 19% at constant currency.
The hybrid cloud platform has more than 3,800 customers, up 1,000 year-on-year. Under Krishna, IBM closed 15 strategic acquisitions in 2021, focusing on growing its hybrid cloud capabilities. Krishna, who became CEO in April 2020, has the incredible task of turning around IBM, which had been losing revenue for several years. He’s shutting down low-margin, low-growth businesses, and focusing on hybrid cloud and AI.
“Talent is everywhere; There are no training opportunities. To help address this issue, we have committed to providing new skills to 30 million people by 2030,” Krishna said in a 2022 letter to shareholders. The average employee’s compensation ratio for the CEO’s annual total compensation is 258:1. The median employee received $67,926.
The proxy statement showed that several investors expressed concern over the one-time equity award provided to the former IBM chairman. James Whitehurst In March 2020, Whitehurst in connection with the signing of the IBM non-compete agreement. IBM told shareholders that “we do not anticipate a need to provide one-time awards to our designated executives.”
CFO James Kavanaugh took home $10.1 million, compared to $9.7 million in 2020. IBM’s board approved an annual stimulus payment of $2.9 million to Krishna for 2021 performance, which was 98% of the target.
The company said the incentive payment was meant to optimize the company’s portfolio to focus on hybrid cloud and AI development, separating Kindrill last year from social impact, innovation and talent and leadership, among others.
Some of the business drivers that led to Krishna’s incentive payout include IBM’s hybrid cloud revenue which has grown to over $20 billion and is now 35% of IBM and growing 19% at constant currency.
The hybrid cloud platform has more than 3,800 customers, up 1,000 year-on-year. Under Krishna, IBM closed 15 strategic acquisitions in 2021, focusing on growing its hybrid cloud capabilities. Krishna, who became CEO in April 2020, has the incredible task of turning around IBM, which had been losing revenue for several years. He’s shutting down low-margin, low-growth businesses, and focusing on hybrid cloud and AI.
“Talent is everywhere; There are no training opportunities. To help address this issue, we have committed to providing new skills to 30 million people by 2030,” Krishna said in a 2022 letter to shareholders. The average employee’s compensation ratio for the CEO’s annual total compensation is 258:1. The median employee received $67,926.
The proxy statement showed that several investors expressed concern over the one-time equity award provided to the former IBM chairman. James Whitehurst In March 2020, Whitehurst in connection with the signing of the IBM non-compete agreement. IBM told shareholders that “we do not anticipate a need to provide one-time awards to our designated executives.”