"Bargain". I was a Jha fan, and still am, but with no stake. How are you judging PJ's performance? How do you dissect out the momentum of the business he inherited from his input and initiatives, conceivable opportunities both worked and missed, many many unknowns.
This is kind of out of character for you. Engineer undoubtedly has some significant insight as to what Paul has done, and what Jha did and did not bring to Qualcomm, as well as business relationships between Paul and Sanjay. Have you consulted engineer, or do you have some good information for working your SJ/PJ equation? Or is this just some kind of cheery, populist QCOM board accounting?
The proxy always insists that Paul's pay accords with the rest of the industry. The Committee figures his pay as fair, and tended toward the end to give Sanjay more than the formula allowed, and considered his work to be pretty special. Now, of course, Paul has consolidated things with the Chairmanship. Do you think that's good, inevitable, worth more pay, balanced corporate governance, insignificant? (Yes, I'm aware that Paul took a cut in March.) |
