IBM CEO's 2010 compensation rises to $31.7 mn

NEW YORK, USA: International Business Machines Corp's (IBM) chief executive Sam Palmisano earned $31.7 million in total compensation last year, up from $24.3 million a year earlier.

IBM said the 30 per cent increase was based on performance, including achieving earnings of $11.52 per share in 2010, above a target set back in 2007, according to a filing with the U.S. Securities and Exchange Commission.