Paul Jacobs, chief executive officer of Qualcomm Inc. (Nasdaq: QCOM), made $20.4 million in 2013, his last full year of leading the largest maker of chips for mobile phones.
Chief Operating Officer Steve Mollenkopf, a 20-year veteran of the San Diego-based company, takes over as CEO on March 4.
Jacobs, who is moving to the role of executive chairman when he steps down, received a salary of $1.2 million, plus bonuses, and a stock award of $15 million, according to a company filing Thursday. Jacobs’s total compensation was about 1 percent less than the $20.7 million he made in 2012. Sales more than tripled and profit doubled under Jacobs, who has been CEO since 2005.
Qualcomm’s directors boosted Mollenkopf’s annual salary after naming him as the next CEO to $1.1 million and awarded him stock worth $50 million over the next five years. For 2013, Mollenkopf was paid a total of $14.3 million, according to the filing.
The company announced the promotion of Mollenkopf, who has been second-in-command since 2011, in December after Bloomberg News reported that he was a candidate for the top job at Microsoft Corp. (Nasdaq: MSFT).
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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.
June 12, 2013 -- Reporter Tierney Plumb speaks with Tim McDonough, vice president of marketing for Qualcomm CDMA Technologies, about the latest technologies at the E3 Expo at the Los Angeles Convention Center on Wednesday.
Nov. 30, 2010 -- Executive Editor George Chamberlin speaks with Don Jones, VP of Health & Life Sciences for Qualcomm, about the wireless health industry in San Diego.