In my opinion, whoever thinks that more cuts are not needed is delusional. The only problem is that this company, instead of cutting useless slackers and dead wood, cuts people who do all the work. Just saying.
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If the actual salary is $7.5M, it's definitely extreme. However, I am not sure if I would trust Yahoo to be up-to-date with someone's salary, especially after stepping down as a CEO. Therefore, I would try not to jump to conclusions regarding his salary as a consultant.
Steve vested all his RSUs when he stepped down. Few months before, he was awarded 55M in RSUs. There was a question in the all hands if the company can allow employees to vest as well upon leaving, but the answer was no..
Steve announced his retirement 6 month before Amon took over CEO role. 6 month overlap is good enough for knowledge transfer. Why he still take money from Qcom? Something weird, it is not transparent.
Hi did great/good work and got paid for it nicely! Why do you keep paying him for previous work? He might be a consultant and got paid for that, that is fair. The question is his consultancy worth $7.5M?
Steve is the only reason you have a job today! How d-mb current Qualcomm workers are! Steve got the president of the United States to stop the Broadcom takeover! Qualcomm wouldn’t even exist today if it weren’t for Steve! What a stupid comment and verifies more layoffs are needed!
Who allowed to pay $7.5mil to former CEO Steve? What a horrible management and horrible board of directors? Steve should be out of payroll.
Previous CEO is still on the payroll (check teams or people). According to Yahoo finance, his base salary is 7.5M
Most of the fat is coming from that big red head in QCT…. And she drinks all the sodas too
2022 Qualcomm vs. Broadcom
- Revenue: $44B vs. $33B
- Total headcount: 47k vs. 20k
We know that Broadcom CEO Hoc Tan is a champion of financial engineering though, Qualcomm seems to have lots of fat at the moment.
They're just clearing space so they can bring in more useless H1Bs