COVID Stimulus Watch Individual Entry
Recipient Company:
INTERNATIONAL BUSINESS MACHINES CORPORATION
Contract Amount:
$199,994
Recipient Details
Ownership Structure: publicly traded (ticker symbol IBM)
Facility Street Address: 6710 ROCKLEDGE DR
Facility City: BETHESDA
Facility State: MD
Facility Zip Code: 208171826
Facility Congressional District: MD-8
Facility NAICS Code: 541512 : Computer Systems Design Services
Award Details
Award Date: Oct 17, 2011
Award Type: contract
Award Details: Some contracts are funded with emergency and non-emergency funds. The award amount listed here represents only emergency funding for the contract. The total value of the contract may be higher. Award Description: IT AND TELECOM- OTHER IT AND TELECOMMUNICATIONS
Program Name: Federal Contracts Funded by COVID-19 Relief Funds
Legislation: CARES
Awarding Agency: Justice Department
Data Source for Award:
https://www.usaspending.gov/search/?hash=25e8378bc443646cf2b174d65218b2ca
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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