Steve, Paul, I know you are not worried about getting layoff but if you accidentally stray on this blog, I want to let you know I absolutely trust you guys.
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...And $95 million of it in stock just to keep them from running off to another company. It Qualcomm has to pay them that much to stick around, it leads one to wonder what is the matter with Qualcomm.
Are these the same guys that reduced our merit last review?
Yes, it works.
Test
CEO and president usually have performance target based on profit and stock price. It only makes sense that after revenue projection is done they find it necessary to reduce work force overhead by 2-5% to hit the profit goal. Note that reduction in employee cost applies 100% to net profit. By hitting the goal they get the big pay out.
They are beholden to investors and should not even be compensated if the stock price falls. Their salaries are disconnected from stock performance which is the real issue with the compensation madness.
This big pay out to Jacobs and Mollenkopf explains why they need to lay off people. The number works out about right.