Thread regarding Qualcomm Inc. layoffs

Qualcomm's Executive Pay Questioned

http://www.sandiegouniontribune.com/news/2015/jul/11/qualcomm-jana-partners-stock-grants-microsoft/

Complete bullsh** from Qualcomm: "Qualcomm says its stock compensation program is designed to retain not only executives but also lower level employees. On average, Qualcomm’s top five officers received 6 percent of compensation shares awarded over the past five years. The remainder went to employees outside of the executive suite." 30000 employees. The top 5 take 6 percent. That's 6% of the shares, for 0.0167% of the employees, or about 360 times their fair share...in return for basically running the company into the ground. And also, let's not forget all of the EVPs and VPs at the Q, who technically aren't part of the "executive suite". I'd like to know what % of the RSU went to them, because the Q's compensation structure sucks compared to what Atheros was doing, and many people have already GTFO because of that.

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| 451 views | | 8 replies (last July 13, 2015) | Reply
Post ID: @OP+CrYwkBL

8 replies (most recent on top)

Last round of layoffs was small at 600. That was done so that S&M would have more cards to play. This round, there will be another 800 or 1000 announcement to up the ante. Eventually we will get to 5k, but don’t expect it all at once. There is no way around it, when half the revenue is from China. Next bubble burst in China will be bigger than the current one.

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Post ID: @1MmV+CrYwkBL

It’s like a dark cloud over the company that it has so richly rewarded a management that has done so poorly for shareholders

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Post ID: @1Hqe+CrYwkBL

S&M BE A MAN AND BECOME A $1.00 EXECUTIVE

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Post ID: @Sy4+CrYwkBL

I am 114995. I guess it was a bad analogy, because Atheros wasn't distressed like Nokia was when it was acquired. It's just supposed to show that Atheros became to Qualcomm what Nokia became to Microsoft: both were acquired by the larger company and the larger company completely screwed up the integration. Nokia, admittedly, was extremely f**ked before the acquisition whereas the same can't be said of Atheros. So yeah, bad analogy.

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Post ID: @hTb+CrYwkBL

is that analogy supposed to be a compliment to Atheros?

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Post ID: @oFL+CrYwkBL

They should have just let SM go to MSFT if he did in fact have an offer. He would have fit right in: a CEO of a dying company that refuses to invest in bold new projects, so the company no longer grows. Atheros:Qualcomm::Nokia:Microsoft

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Post ID: @4jz+CrYwkBL

Did SM show the offer letter from MS? If MS hired him a year ago, he would be fired now. Think about Elop.

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Post ID: @diG+CrYwkBL

Q claims they promoted SM because of the potential to leave Q. That is BS.....Microsoft never would have hired a RF hardware guy to be the CEO. The was a big lie.

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Post ID: @ibf+CrYwkBL

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