IBM CEO receives biggest bonus in five years

New York

IBM chief executive officer Ginni Rometty got her biggest bonus as head of the company last year after the shares rose about 21 per cent, the first annual gain in four years.

Mrs Rometty received a US$4.95 million payout under her annual incentive plan, the largest since she was named CEO of International Business Machines Corp in 2012, according to a regulatory filing from the Armonk, New York-based company. The bonus was tied to goals for operating net income, operating cash flow and revenue from the company's "strategic imperatives", according to a March proxy statement. She received a US$4.5 million payout in 2015.