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About LinkBacksRead more.Steve Mollenkopf is second in command at the world's largest mobile chip maker.
Read more.Steve Mollenkopf is second in command at the world's largest mobile chip maker.
14.2 Million ! nobody deserves an annual paycheck like that, it's absolutely disgusting.
...until someone is prepared to pay me that, then it's okayOriginally Posted by DemonHighwayman
It might not all be cash - they usually factor in share options, pension, etc. Given Qualcomm's success I would bet much of it is shares.
How is it disgusting? Is it because you arent earning that much? (sorry to make a wild guess, apologies if you do) .
The company (qualcomm) is raking it in and has been going strength to strength so I think he can justify ANY amount of money because quite frankly the company can afford so much which is likely partly due to his work (or as in most places, the work of the lower level is amplified to the top level so he gets all the credit).
Either way until the company loses money OR is a public company then I think he can have any amount he wants
An update news release direct from Qualcomm: Qualcomm will promote COO Steve Mollenkopf to replace Paul Jacobs as CEO
http://www.qualcomm.com/media/releas...-and-president
McEwin (13-12-2013)
Answering your first question: Yes !How is it disgusting? Is it because you arent earning that much? (sorry to make a wild guess, apologies if you do
The company (qualcomm) is raking it in and has been going strength to strength so I think he can justify ANY amount of money because quite frankly the company can afford so much which is likely partly due to his work (or as in most places, the work of the lower level is amplified to the top level so he gets all the credit).
Either way until the company loses money OR is a public company then I think he can have any amount he wants
Doesn't matter if he has single handidly tripled Acorn's (or whatever they are called now)profit margin. When in the UK as well as anywhere else in the west, there are people earning less than the minimum wage just to scrape by, for working over 40hrs a week and grafting way harder than any CEO or COO or any other other hyphenated bull**** title person. Then yes something seems out of balance and is disgusting !
There can not be anything he has possibly done to deserve that kind of reward for his job.
But Qualcomm have just made him CEO... So Microsoft is too late?
yay, go capitalism!
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