COVID Stimulus Watch Individual Entry

Recipient Company:

IBM CREDIT LLC

Loan or Loan Guarantee Amount:

$3,049,680

Recipient Details

Ownership Structure: publicly traded (ticker symbol IBM)

Award Date: Jul 10, 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: IBM Corp.

Headquartered in: New York

Parent Sector: information technology

Parent Industry: information technology

Employees (prior to pandemic): 352,600

Employment-related Penalties: $12,743,360

Government-contracting-related Penalties: $14,800,000

Environmental / Healthcare / Safety Penalties: $13,800,467

Consumer Protection / Financial / Competition-related Penalties: $10,000,000

Ratio of CEO Pay to that of Median Worker: 354 to 1

CEO Compensation: $20,160,865

Worker Median Pay: $56,896

Total Federal, State, and Local Subsidies: $716,009,172

Federal Corporate Income Tax Rate: -68.4%