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Qualcomm’s outgoing CEO Jacobs was paid $20.4 million in 2013

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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Qualcomm Inc.

Company Website

5775 Morehouse Dr.
San Diego, CA 92121

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

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SIC - 3663 - ELECTRONIC COMPONENTS, NOT ELSEWHERE CLASSIFIED
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2012