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>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 c
by high_na_euv 9mo ago
>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.
- imtringued 9mo ago15% more pay for 14% more revenue doesn't sound as crazy as the headline. The real question is how do you mess up this badly despite growing? Did they over invest into acquiring unprofitable AI companies?
- high_na_euv 9mo agoIt doesnt sound crazy at all 15% more pay is a few milions 14% more revenue is a few *bilions*
- Tostino 9mo agoWhere is that type of a % raise for the people who actually did the work to enable revenue to rise by those billions?
- deleted 9mo ago[deleted]
- tssva 9mo agoThey didn't mess up badly. They choose to take a one time non-cash tax charge of $5.7 billion which will allow them to take advantage of a recent change in tax law to achieve a lower effective tax rate and lower cash tax payments going forward. Meta did something similar taking a $15.9 billion non-cash tax charge to take advantage of the same changed tax laws. Many other companies have already or are expected to do the same.
- aurareturn 9mo agoSo The Information is misleading people as usual?
- m4rtink 9mo agoTariffs or some other recent madness finally hitting the big companies?