COVID Stimulus Watch Individual Entry
Recipient Company:
International Business Machines Corp
Loan or Loan Guarantee Amount:
$1,083,396
Recipient Details
Ownership Structure: publicly traded (ticker symbol IBM)
Award Details
Award Date: Dec 9, 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:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
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-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%
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