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IBM CEO gets 11% pay hike

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Sam Palmisano, chairman and CEO of IBM, had an 11% pay rise last year, taking home about $20,9-million. 

The IT giant saw its profits increase during the year, and its stock rose 11% during the same period.
Palmisano earned about $1,8-million in salary and about $5,8-million in bonuses.
Stock options amounted to an addition $12,3-million.
The balance was made ip of perks, travel, dividends and retirement funding.
In 2006, Palmisano took home $18,8-million.