1. Qualcomm Fails to Win Majority Shareholder Support in 'Say-on-Pay' Vote

    Qualcomm Fails to Win Majority Shareholder Support in 'Say-on-Pay' Vote

    Qualcomm shareholders rejected the company’s “say on pay” executive compensation proposal on Tuesday after a proxy adviser raised concerns over an increase in long-term stock awards to Chief Executive Steve Mollenkopf...

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    1. While the rationale for the CEO's special award is compelling, the award lacks any performance or service vesting criteria.
    2. The one-time shift in the CEO's equity mix and vesting structure was essentially a catch up in the face of extenuating business circumstances and prior grant history.
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