BENGALURU: IBM chairman and CEO Arvind Krishna’s compensation rose 23% to $25 million in 2024 compared to $20.3 million he earned in the year-ago period, showed IBM’s 2025 proxy statement. His compensation saw a huge surge in stock awards which rose to $14.8 million from $11.4 million during the same period. Krishna’s base salary remained the same $1.5 million for two consecutive years. For 2024 performance, IBM’s board approved an annual incentive payment of $3,850,000, which represented 110% of Krishna’s target opportunity.
The base salary for the median employee was $43,069, the proxy filing showed. In 2024, IBM’s revenue grew 3% in constant currency led by innovation in hybrid cloud and AI. IBM delivered $62.8 billion in revenue, $13.4 billion in cash from operations, and generated $12.7 billion of free cash flow.
