Bio • Email • Archive
 

Why is IBM's female CEO paid less than her male predecessors?

IBM.jpg Now I'm sure there's a perfectly logical explanation (ahem), but Footnoted's Michelle Leder spotted a recent filing that had IBM CEO Virginia Rometty getting a base salary of $1.5 million, which is $500,000 less than what former CEO Louis Gerstner was making in 2000 - and $200,000 less than what her immediate predecessor, Samuel Palmisano, was making in 2011. Not that $1.5 million isn't a handsome wage (and that's not including bonuses and perks), but it isn't what the guys were making.

Granted, base salaries rarely tell the whole compensation picture and usually only make up a small piece of a CEO's overall compensation, as Theo Francis footnoted when Palmisano stepped down last year. Nor to we expect Rometty to turn to the Lilly Ledbetter Fair Pay Act, which President Obama signed on his first day of office in 2009. Still, if women like Rometty aren't even being paid what their male counterparts are for the same job, what hope is there for the rest of us?

More by Mark Lacter:
Ontario Airport will lose more flights in 2013
Why is IBM's female CEO paid less than her male predecessors?
Election Day headlines
More bad news for videogame publisher THQ
One-percenters from Bel-Air and Brentwood don't vote like everyone else*
Why Ohio isn't that close (despite what the media hypsters are saying)*
Money used to oppose Brown's Prop 30 tied to Koch brothers
Monday morning headlines
Surprise - stocks fall despite employment report
UCLA honor goes to Pepsico CEO
Recent Compensation stories:
Why is IBM's female CEO paid less than her male predecessors?
Retirement costs for L.A. cops, firefighters going way up
How did Herbalife's CEO become the nation's top-paid executive?
Thursday morning headlines
How many minutes of work does it take a McDonald's employee to buy a Big Mac?

New at LA Observed
Follow us on Twitter

On the Media Page
Go to Media
On the Politics Page
Go to Politics

LA Biz Observed
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
LA Observed on Twitter and Facebook