International Business Machines Management

Management criteria checks 2/4

International Business Machines' CEO is Arvind Krishna, appointed in Apr 2020, has a tenure of 4.58 years. total yearly compensation is $20.40M, comprised of 7.4% salary and 92.6% bonuses, including company stock and options. directly owns 0.043% of the company’s shares, worth $85.03M. The average tenure of the management team and the board of directors is 4.6 years and 10 years respectively.

Key information

Arvind Krishna

Chief executive officer

US$20.4m

Total compensation

CEO salary percentage	7.4%
CEO tenure	4.6yrs
CEO ownership	0.04%
Management average tenure	4.6yrs
Board average tenure	10yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Arvind Krishna's remuneration changed compared to International Business Machines's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$6b
Jun 30 2024	n/a	n/a	US$8b
Mar 31 2024	n/a	n/a	US$8b
Dec 31 2023	US$20m	US$2m	US$8b
Sep 30 2023	n/a	n/a	US$7b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$17m	US$2m	US$2b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$6b
Mar 31 2022	n/a	n/a	US$5b
Dec 31 2021	US$18m	US$2m	US$5b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$3b
Mar 31 2021	n/a	n/a	US$3b
Dec 31 2020	US$17m	US$1m	US$4b

Compensation vs Market: Arvind's total compensation ($USD20.40M) is above average for companies of similar size in the CL market ($USD5.71M).

Compensation vs Earnings: Arvind's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Arvind Krishna (61 yo)

4.6yrs

Tenure

US$20,398,426

Compensation

Mr. Arvind Krishna serves as an Independent Director of Northrop Grumman Corporation since November 2022. He serves as Director at Federal Reserve Bank of New York since 2022. He serves as Chairman of the...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Arvind Krishna	CEO & Chairman of the Board	4.6yrs	US$20.40m	0.043% $ 85.0m
Gary Cohn	Executive Vice Chairman	3.8yrs	US$9.54m	0.0071% $ 14.1m
James Kavanaugh	Senior VP & CFO	6.8yrs	US$11.69m	0.013% $ 26.6m
Robert Thomas	Senior VP of Software & Chief Commercial Officer	4.8yrs	US$10.33m	0.0068% $ 13.5m
Joanne Wright	Senior Vice President of Transformation & Operations	1.3yrs	no data	no data
Alexander Stern	Senior VP of Strategy	no data	no data	no data
Anne Robinson	Senior VP & Chief Legal Officer	less than a year	no data	no data
Jonathan Adashek	Senior Vice President of Marketing & Communications	4.8yrs	no data	no data
Nickle LaMoreaux	Senior VP & Chief Human Resources Officer	4.2yrs	no data	0.0027% $ 5.5m
Bernard Meyerson	Chief Innovation Officer Emeritus	19.1yrs	no data	no data
Kirill Korniliev	VP of Sales and Head of The Industry Solutions Area In Central & Eastern Europe	no data	no data	no data
Dario Gil	Senior VP & Director of IBM Research	no data	no data	no data

4.6yrs

Average Tenure

57.5yo

Average Age

Experienced Management: IBM's management team is considered experienced (4.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Arvind Krishna	CEO & Chairman of the Board	4.6yrs	US$20.40m	0.043% $ 85.0m
Gary Cohn	Executive Vice Chairman	3.8yrs	US$9.54m	0.0071% $ 14.1m
David Farr	Independent Director	12.8yrs	US$469.33k	0.00092% $ 1.8m
Peter Voser	Independent Director	9.8yrs	US$539.91k	no data
Frederick Waddell	Independent Director	7.1yrs	US$487.06k	0.00041% $ 813.6k
Andrew Liveris	Independent Director	14.8yrs	US$602.31k	0.00029% $ 575.4k
Alex Gorsky	Lead Independent Director	10.2yrs	US$569.76k	0.00048% $ 952.5k
Lynda Chin	Member of Watson Healthcare Advisory Board	12.7yrs	no data	no data
Christopher Coburn	Member of Watson Healthcare Advisory Board	no data	no data	no data
Douglas Henley	Member of Watson Healthcare Advisory Board	no data	no data	no data
Michael Barr	Member of Watson Healthcare Advisory Board	no data	no data	no data
Michael Magill	Member of Watson Healthcare Advisory Board	no data	no data	no data

10.0yrs

Average Tenure

66yo

Average Age

Experienced Board: IBM's board of directors are seasoned and experienced ( 10 years average tenure).

International Business Machines Management

Management criteria checks 2/4

Key information

Recent management updates

International Business Machines Corporation, Annual General Meeting, Apr 30, 2024

Insider recently sold US$1.8m worth of stock

Recent updates

IBM Champions Generative AI and Automation to Safeguard Security Across AWS Environments

Third quarter dividend of US$1.67 announced

IBM Declares Regular Quarterly Cash Dividend, Payable on December 10, 2024

International Business Machines Corporation to Report Q4, 2024 Results on Jan 29, 2025

New minor risk - Earnings quality

Third quarter 2024 earnings released: US$0.34 loss per share (vs US$1.88 profit in 3Q 2023)

International Business Machines Corporation (NYSE:IBM) acquired Prescinto Technologies Pvt. Ltd.

International Business Machines Corporation (NYSE:IBM) acquired Stackwatch, Inc.

Triple Digital Infrastructure Inc. agreed to acquire IBM Canada Ltd from International Business Machines Corporation (NYSE:IBM).

New IBM Processor Innovations to Accelerate AI on Next-Generation IBM Z Mainframe Systems

IBM Introduces New Generative AI-Powered Cybersecurity Assistant for Threat Detection and Response Services

Second quarter dividend of US$1.67 announced

IBM Declares Regular Quarterly Cash Dividend, Payable on September 10, 2024

Second quarter 2024 earnings released: EPS: US$1.99 (vs US$1.74 in 2Q 2023)

International Business Machines Corporation Provides Earnings Guidance for the Full Year 2024

International Business Machines Corporation (NYSE:IBM) completed the acquisition of webMethods Germany GmbH / StreamSets, Inc. from Software AG USA, Inc. and Software Aktiengesellschaft (XTRA:SOW).

IBM Unveils Next Chapter of watsonx with Open Source, Product & Ecosystem Innovations to Drive Enterprise AI at Scale

First quarter dividend increased to US$1.67

IBM Declares Quarterly Cash Dividend, Payable on June 10, 2024

IBM Declares Quarterly Cash Dividend, Payable on June 10, 2024

International Business Machines Corporation (NYSE:IBM) entered into a definitive agreement to acquire HashiCorp, Inc. (NasdaqGS:HCP) for approximately $7.5 billion.

First quarter 2024 earnings released: EPS: US$1.72 (vs US$1.03 in 1Q 2023)

International Business Machines Corporation (NYSE:IBM) entered into a definitive agreement to acquire HashiCorp, Inc. (NasdaqGS:HCP) for $7.4 billion.

Rensselaer Polytechnic Institute and IBM Unveil the World's First IBM Quantum System One on A University Campus

International Business Machines Corporation, Annual General Meeting, Apr 30, 2024

Full year 2023 earnings released: EPS: US$8.25 (vs US$1.97 in FY 2022)

New major risk - Share price stability

Insider recently sold US$1.8m worth of stock

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age