After the disappointing news of massive layoffs, there’s a good news coming 
in from the IBM camps. IBM has now announced bonus for its top officials, despite the fact that the company has faced turbulent times with respect to the stock prices. The news was disclosed by a regulatory filing. IBM has reportedly posted low revenues for 11 quarters continuously and the company seems to be struggling to make itself a cloud-based software and services company. IBM had withheld bonuses last year at the request of the executives themselves.
The document filed with securities regulators stated that the bonus is a part of company’s executive compensation for 2014 and it comes despite its falling net profit to seven per cent. As bonus, Virginia Rometty, CEO, IBM, will get receive a $3.6 million annual incentive payout. However, Martin Schroeter, chief financial officer and three other executives or advisers will also get annual incentive payouts but in a smaller amount.
Rometty will also receive a hike in her base salary for 2015, from the existing $1.5 million to $1.6 million. She has been on the same salary from the last three years, from the time she has joined the post of the company’s CEO in 2012. Recently, there were rumours that the company is planning a massive layoff of over 1,00,000 employees, projected by Forbes. IBM indicated a layoff round during its recent earnings report, but the company clarified in an email to Reuters that it will handover pink slips only to ‘several thousand’ employees and not to as many people as indicated by Forbes.
