• News
  • SAN DIEGO
  • Finance

Qualcomm under fire for Jacobs' pay

Qualcomm Inc.'s Executive Chairman Paul Jacobs -- who stepped down as company CEO in March -- drew criticism over his large pay package on the Motley Fool website on Tuesday, which noted that his compensation package of nearly $40 million during the last fiscal year was twice as high as the head of Cisco, whose company generated twice as much in revenue.

In the past year, Cisco (Nasdaq: CSCO) generated $48.6 billion in revenues compared to $24.9 at Qualcomm (Nasdaq: QCOM), but Cisco CEO John Chambers took in much lower pay, totaling $16.8 million.

Paul Hodgson, a corporate governance consultant who writes for Motley Fool, noted that much of Jacobs’ compensation was tied to stock options from 10 years ago.

Since then, the value has doubled in price, accounting for $20 million of Jacobs’ compensation last year, compared to the $11 million that Chambers received.

Hodgson suggested that it is time to rethink such huge options package and that both companies should check to see whether they’re getting what they are paying for.

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

User Response
0 UserComments

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

Qualcomm Inc.

Company Website

5775 Morehouse Dr.
San Diego, CA 92121

Company Trade Data

Stock Symbol Close
Change
Chg %Chg
Volume
52-Week
High Low
QCOM
59.91
  0.65  
+ 1.10%
8,924,775,000
78.53
52.17

Insider Trade Data

Date Insider Shares Type Value
10/05/2015 Renduchintala, Venkata S 2,700 Sell $150,066
10/05/2015 Renduchintala, Venkata S 2,700 Sell $150,066
10/01/2015 Amon, Cristiano Renno 2,737 Sell $146,621
10/01/2015 Amon, Cristiano Renno 2,737 Sell $146,621
09/11/2015 Vinciquerra, Anthony J 1,000 Purchase $54,700

Qualcomm Inc. Executive(s):

Irwin Mark Jacobs

  • Founding Chairman, CEO Emeritus

Paul Jacobs

  • Executive Chairman

Tamar Elkeles

  • Vice President

Don Jones

  • Vice President

Don Rosenberg

  • General Counsel

Mark Leslie

  • Vice President, External Affairs

Steven Altman

  • Vice Chairman

Steve Mollenkopf

  • Chief Executive Officer

Derek Aberle

  • President

Navrina Singh

  • Director of Product Management

Related Videos

Top Attorneys 2015: Andrew Newton

Aug. 10, 2015 -- Reporter Katherine Connor speaks with Andrew Newton, a patent counsel at Qualcomm Inc. and a 2015 Top Attorney, about his work in the ever-changing world of patent law.

Watch all of our Top Attorneys 2015 videos.

Similar Companies

NAICS - 334220 - Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
SIC - 3663 - ELECTRONIC COMPONENTS, NOT ELSEWHERE CLASSIFIED
SIC - 3663 - RADIO AND TELEVISION BROADCASTING AND COMMUNICATIONS EQUIPMENT

Other Lists

2012