IBM Message Board - Msg: 5042568

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Technology Stocks : IBM

IBM 308.41

+1.9%

10:53 AM EST

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To: Hsien W. Chang who wrote (3397)	6/28/1998 11:48:00 AM
From: j g cordes	Read Replies (2) of 8218

The Incentive to maintain shareholder value.. <g> "March 16, 1998, 1:20 p.m. PT CNET Lou Gerstner's efforts in turning around IBM (IBM) are making him extremely wealthy. Gerstner, 56, earned $6 million in salary and bonuses last year, excluding stock options, up sharply from the $4.77 million he made during the previous year, according to the company's proxy filing with the Securities and Exchange Commission today. On top of this, Gerstner was granted a "special" stock option covering 2 million shares of IBM common stock. The award will vest in five equal installments over five years. The stock option package, with an exercise price of $103.56 per share, will have a potential realized value of $330.1 million if IBM's stock price appreciates at 10 percent annually for the ten-year option term; or $130.3 million for a 5 percent annual appreciation."

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