Samuel J. Palmisano
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Samuel J. Palmisano
| Samuel J. Palmisano | |
|---|---|
.jpg) Palmisano at Extreme Blue in 2009 |
|
| Born | July 29, 1951 (?)[1] Baltimore |
| Residence | Southport, Connecticut |
| Nationality |  United States |
| Education | Bachelor of Arts, 1973 |
| Alma mater | Johns Hopkins University |
| Years active | 1973 – |
| Employer | IBM |
| Home town | Baltimore, Maryland |
| Salary | $1.8 million (2009)[2] |
| Title | Chairman |
| Predecessor | Louis V. Gerstner, Jr. |
| Successor | Virginia M. Rometty |
| Board member of | IBM Corporation, 2000 ExxonMobil Corp., 2006 |
| Religion | Roman Catholic |
| Spouse | Gaier Notman, known as Missy |
| Children | three sons, one daughter |
| Website | |
| IBM - Samuel J. Palmisano IBM Archives: Samuel J. Palmisano |
|
| Notes | |
Samuel J. Palmisano (born July 30, 1951?)[1] was president and chief executive officer of IBM until January 2012. He continues to serve as Chairman of IBM.[7]
Palmisano was elected president and chief operating officer (COO) effective in October 2000.[8] He was promoted to CEO in March 2002 and named chairman effective January 1, 2003. Mr. Palmisano announced on October 25th, 2011 that he was stepping aside as president and CEO. Ginni Rometty is the new CEO and President.[7]
As of 2009 IBM was the largest IT company in the world and 45th largest company overall.[9]
Education and personal life
Palmisano grew up in a large Catholic middle class family in Baltimore, Maryland. His father owned a body shop.
As an offensive lineman at Calvert Hall College High School in Baltimore, Maryland he prepared earnestly, studying pregame scouting reports and seldom missed a blocking assignment.[citation needed] He was also a union musician, and once played backup saxophone for The Temptations.[citation needed]
He holds a bachelor's degree in history from Johns Hopkins University where he was member of Beta Theta Pi. He did well in football (center, offensive tackle, team co-captain) there, and turned down an opportunity to try out with the Oakland Raiders.[3][4]
He met his wife, Gaier Notman, a 1969 alumna of Miss Porter's School, at an IBM training school.[10]
Career
Palmisano joined IBM in 1973 as a salesman, and was elected senior vice president and group executive of the Personal Systems Group in 1997. He was then promoted to senior vice president and group executive of IBM Global Services in 1998, during the period when IBM shifted its focus from pure technology to embrace outsourcing and other services. He became senior vice president and group executive of Enterprise Systems in 1999 when the systems group drove IBM's move to adopt the Linux operating system.
Before leading IBM Global Services, Palmisano led the IBM strategic outsourcing business and before that he was president of an IBM subsidiary—Integrated Systems Solutions Corporation—which ultimately became IBM Global Services.[11] As CEO of IBM, Palmisano has shifted many development and support positions to emerging markets.[12]
He was elected to the board of ExxonMobil in 2006. He is also the Honorary Chairman of National Engineers Week 2008.
In November 2008, Palmisano, during a speech at the Council on Foreign Relations, outlined IBM's Smarter Planet initiative.[13]
While CEO of IBM in 2009, Samuel J. Palmisano earned a total compensation of $21,159,289, which included a base salary of $1,800,000, a cash bonus of $4,750,000, stocks granted of $13,517,401, no options, and other compensation of $1,091,888.[14]
In 2010 Samuel J. Palmisano was awarded The Deming Cup, an excellence award presented by the W. Edwards Deming Center for Quality, Productivity, and Competitiveness at Columbia Business School, for his ability to drive IBM to new levels of operational excellence and for his role in creating and leading IBM's Global Services business unit.
Mr. Palmisano announced on October 25th 2011, that he was stepping aside as president and CEO. Ginni Rometty is the new CEO and president. Mr. Palmisano continues to serve as Chairman.[7]
References
- ^ a b "Samuel J. Palmisano" (fee, via Fairfax County Public Library). The Complete Marquis Who's Who. Marquis Who's Who. Gale Biography In Context. 2010. http://ic.galegroup.com/ic/bic1/ReferenceDetailsPage/ReferenceDetailsWindow?displayGroupName=Reference&prodId=BIC2&action=e&windowstate=normal&catId=&documentId=GALE%7CK2014847545&mode=view&userGroupName=fairfax_main&jsid=0c320d64477b0d1d200a18246a848be2. Retrieved 5 Feb. 2011. Gale Document Number: GALE|K2014847545
- ^ Glader, Paul (March 8, 2010). "IBM CEO's Compensation Slips". Wall Street Journal. http://online.wsj.com/article/SB10001424052748704869304575109904266309746.html. Retrieved 2011-02-06. "International Business Machines Corp. Chairman and Chief Executive Samuel Palmisano received $24.3 million in total compensation for 2009, down slightly from the prior year. Mr. Palmisano's base salary remained at $1.8 million for the third consecutive year, but was supplemented by a bonus of $4.75 million and $13.5 million in stock awards linked to the company's performance, according to a filing with the Securities and Exchange ..."
- ^ a b Feder, Barnaby J. (August 15, 2001). "MANAGEMENT; Waiting to Call Plays for I.B.M.". New York Times. http://www.nytimes.com/2001/08/15/business/management-waiting-to-call-plays-for-ibm.html?pagewanted=all&src=pm. Retrieved 2011-02-06.
- ^ a b Richtel, Matt (January 30, 2002). "A Gerstner Loyalist Cut From Quite Different Style". New York Times. http://query.nytimes.com/gst/fullpage.html?res=9E07E4D6103AF933A05752C0A9649C8B63. Retrieved 2011-02-06.
- ^ "Samuel J. Palmisano" (fee, via Fairfax County Public Library). Newsmakers. Detroit: Gale Biography In Context. 2003. http://ic.galegroup.com/ic/bic1/ReferenceDetailsPage/ReferenceDetailsWindow?displayGroupName=Reference&prodId=BIC2&action=e&windowstate=normal&catId=&documentId=GALE%7CK1618003640&mode=view&userGroupName=fairfax_main&jsid=e2d9dde094e86828a68b2de4f89ad046. Retrieved 5 Feb. 2011. Gale Document Number: GALE|K1618003640
- ^ Thottam, Jyoti; Eisenberg, Daniel (Jan. 20, 2003). "There's A New Way To Think Big Blue". Time. http://www.time.com/time/printout/0,8816,1004049,00.html. Retrieved 2011-02-06.
- ^ a b c Lohr, Steve (October 25, 2011). "I.B.M. Names Virginia Rometty as New Chief Executive". The New York Times. http://www.nytimes.com/2011/10/26/technology/ibm-names-a-new-chief.html?hp. Retrieved 2012-01-20.
- ^ "Samuel J. Palmisano Named IBM President, Chief Operating Officer; John M. Thompson Named Vice Chairman". IBM News room. July 24, 2000. http://www-03.ibm.com/press/us/en/pressrelease/1613.wss. Retrieved 2012-01-20.
- ^ Forbes International Business Machines 2009 Snapshot.
- ^ "Miss Porter’s School 2009–2010 Annual Report" (PDF). Miss Porter's School. 2010-12-03. p. 1 (2 of 34). http://www.porters.org/ftpimages/301/misc/misc_67719.pdf. Retrieved 2011-02-06.
- ^ "Samuel J. Palmisano". IBM Archives. http://www-03.ibm.com/ibm/history/exhibits/chairmen/chairmen_10.html.
- ^ Ribeiro, John (May 5, 2003). "IBMs Palmisano visits India". Infoworld. http://www.infoworld.com/t/platforms/ibms-palmisano-visits-india-431.
- ^ "The W. Edwards Deming Center for Quality, Productivity and Competitiveness Awards Samuel Palmisano, President, Chairman and CEO of the IBM Corporation, The Deming Cup". IBM News room. October 19, 2010. http://www-03.ibm.com/press/us/en/pressrelease/32790.wss?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+Ibm-latest-news-technology-canada+%28Technology+Canada+-+IBM+Latest+News%29.
- ^ 2009 CEO Compensation for Samuel J. Palmisano, Equilar
| Preceded by Louis V. Gerstner, Jr. |
CEOs of IBM 2002-2012 |
Succeeded by Virginia M. Rometty |
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