IBM’s Retiring Legal Chief Gets Pay Bump Ahead of Retirement

March 12, 2024, 9:25 PM UTC

International Business Machines Corp.’s longtime top lawyer Michelle Browdy received more than $8.1 million in total compensation during 2023, a roughly 24% year-over-year increase from fiscal 2022.

IBM disclosed in a proxy statement filed Monday that Browdy earned almost $5.5 million in stock and option awards and $2.5 million in cash, including $936,000 in annual base salary. Browdy’s prior pay packages at IBM were valued at about $6.5 million in 2022 and $6.7 million in 2021.

Browdy, a former litigation partner at Kirkland & Ellis, joined the company as its worldwide head of litigation in 2006. The Armonk, NY-based technology ...

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