IBM has said that it will not raise the salaries of its
top 50 executives until business picks up at the world’s biggest
computer company.
The announcement was made at a shareholder meeting earlier this
week and comes after IBM reported poorer than expected quarterly
results.
IBM is seeing less business in markets such as Japan and some
European countries, and its services business isn’t clinching the
deals it needs to boost performance.
A proposal by one shareholder at the meeting that IBM should
think again about outsourcing jobs offshore to the likes of India
was heavily defeated by fellow shareholders.
Despite struggling in the market, IBM still increased its share
dividend, which helped boost its share price.
