Show me the money! And Virginia Rometty, the new CEO of IBM, now certainly can. According to Bloomberg, the company almost doubled the salary of Rometty after promoting her as the chief executive officer of the world’s largest computer-services provider at the start of the year. Rometty, 54, will receive a salary of $1.5 million this year, up from $800,000 last year, the Armonk, New York-based company said today in a regulatory filing. Her cash-incentive target for 2012 is $3.5 million, compared with $1.47 million she received for 2011. Though this is a big salary, Rometty is still behind her former now retired boss, Samuel Palmisano, who got a bonus of $6.5 million for 2011, IBM said. And she is still way behind the men who are on the top of the highest-paid CEOs list for 2011, which had zero women on it.
According to the CEO Pay Survey for 2011 John H. Hammergren, CEO of McKesson, topped the list with a total 2010 compensation coming in at $145.3 million.Ralph Lauren took the number seven spot with Polo Ralph Lauren giving him a 2010 salary of $66.7 million. Though 2012 will be a huge year for female CEOs with Rometty, Meg Whitman and new Sam’s Club CEO Rosalind Brewer, these women still probably won’t make the list for this year either. Even though Meg Whitman, the new CEO of Hewlett-Packard, is getting a $16.5 million compensation package it hinges on her ability to lift the stumbling technology company’s stock price during the next two years. According to The Washington Post, whether Whitman ever gets an opportunity to cash in most the options will depend on whether HP’s market value rises substantially from its depressed level when HP fired her predecessor, Leo Apotheker, as CEO last September. The company also had previously disclosed Whitman’s salary would be limited to $1 while she tries to rebuild the momentum that HP lost after ousting Mark Hurd as its CEO in a titillating scandal in 2010. Nothing is ever easy. Even when you are CEO of a huge company.