COVID Stimulus Watch Individual Entry

Recipient Company:
IBM Credit LLC
Loan or Loan Guarantee Amount:

Recipient Details

Ownership Structure: publicly traded (ticker symbol IBM)

Award Details

Award Date: Jun 28, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:

Parent Company Data

Parent Company: IBM Corp.
Headquartered in: New York
Parent Sector: information technology
Parent Industry: information technology
Employees (prior to pandemic): 352,600

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $12,743,360
Contracting icon
Government-contracting-related Penalties: $14,800,000
Environment icon
Environmental / Healthcare / Safety Penalties: $13,800,467
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $10,000,000
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 354 to 1
CEO Compensation: $20,160,865
Worker Median Pay: $56,896
Tax icon
Total Federal, State, and Local Subsidies: $716,009,172
Federal Corporate Income Tax Rate: -68.4%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources