Qualcomm CEO pockets 15% pay rise as profits fall 45%

America is just it's usual stupid self again. C Level pay and any other position pay has nothing in common anymore. I guess some are humans and some are demi-gods

I do find this frustrating as an IC. I'm lucky to get a COL raise every year, much less 10-15% in a down year. Not to mention the absolute ridiculous explosion of C-Suite pay in comparison to workers. Something has to change if these companies want to continue to be successful long term.

>The bump came in a year when Qualcomm reported full-year revenue of $44.3 billion, up 14 percent, but net income plunged 45 percent to $5.5 billion after the company booked a hefty non-cash tax charge tied to changes in US tax law. In other words, sales were up, profits went backwards, and executive pay kept climbing anyway.

> By contrast, Qualcomm calculated the annual total compensation of its median employee at $101,639, putting Amon's pay at roughly 292 times that figure.

For those who missed that in today's brand of capitalism in some countries, employees are very much peasants and serfs.