Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 173.50

-1.8%

3:31 PM EST

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To: Stock Farmer who wrote (114189)	2/25/2002 9:51:18 AM
From: carranza2	Read Replies (1) of 152472

Just exactly how do you propose that talented engineers--the kind that makes wizardry like GSM1x work--be compensated? A week's salary and a ham at Christmas time? Free pastries and coffee on Fridays? The single best means of motivating someone is to make him a co-owner of the enterprise so that its success is directly related to his performance. Stock options are a tremendous vehicle with which to achieve this. If stock options were not part of a compensation structure in a highly competitive environment, I'd consider the BOD a failure. And, yes, when you pay an employee, the value of the enterprise, whether in the stock's valuation or its bank accounts, goes down. So what? The point is to create an environment where the motivation is so strong that one can expect terrific performance on a routine basis. The Q has apparently hit the sweet spot in this regard, not only is it brilliant rechnologically, it has also been named one of the best companies to work for in America. If generous stock options were not part of a compensation package, I'd be worried.

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