Big payoff awaits new chief if he turns I.B.M. around

Article Abstract:

Louis V. Gerstner, IBM's new chairman and CEO, will earn $2 million in 1993, in addition to a $5 million one-time compensation for quitting his job at RJR Nabisco and a stock option of 500,000 IBM shares. Analysts contend, however, that Gerstner's compensation is not exorbitant, considering the difficult task of turning the ailing company around. Gerstner's real payoff is expected to come only when IBM's shares will increase in value over the next several years. If IBM's stocks go up, Gerstner will earn $500,000 for every dollar increase; if their value decreases, his stock options will not be worth anything. IBM's shares plunged $1.625, to $50.125 on Mar 30, 1993.

Prepackaged software, Chief executive officers, Wages and salaries, Employee benefits, Gerstner, Louis V., Jr., Salary, Stock

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I.B.M. Prepares Substitution For Pensions Of New Hires

Article Abstract:

International Business Machines Corp. is changing the way it manages employee pensions. In the new year, all new employees will be given 401 (k) plans instead of the company's previous cash-balance pension plan.

United States, Commercial Banks, Investment Banking and Securities Dealing, Management dynamics, Wage Administration, Personnel administration, Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, Bank Individual Retirement Accounts, Capital funds & cash flow, Management, Human resource management, Microcomputer industry, IBM, Accounting and auditing, Compensation management, Individual retirement accounts, Company business management, Company personnel management

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