IBM wasn't Silicon Valley. IBM was IBM, and then there was Silicon Valley.
IBM is cut from a very different cloth than Silicon Valley companies that were actually founded and ran in SV in the 80s / 90s. I wouldn't use them as the measuring stick.
Microsoft was pretty well known to pay really well too (granted out of Seattle / Redmond, but they grafted the SV culture really well). They also had perks and bonuses and big stock grants. Netscape, Yahoo! etc. They all had some variation of this going on.
IBM is cut from a very different cloth than Silicon Valley companies that were actually founded and ran in SV in the 80s / 90s. I wouldn't use them as the measuring stick.
Microsoft was pretty well known to pay really well too (granted out of Seattle / Redmond, but they grafted the SV culture really well). They also had perks and bonuses and big stock grants. Netscape, Yahoo! etc. They all had some variation of this going on.