1. Qualcomm CEO Cristiano Amon stepping down
Cristiano Amon, the CEO of Qualcomm, is stepping down from his position, to be replaced by current president of the company, Steve Mollenkopf.
Amon has been with Qualcomm for 25 years, and has been CEO since 2014. He will remain with the company as an advisor.
Mollenkopf has been with Qualcomm since 1994, and has been president since 2012. He was previously the COO of the company.
Qualcomm is a leading provider of wireless technology, and is best known for its chipsets used in smartphones. The company has been in the news recently for its legal battles with Apple.
Amon’s departure comes as a surprise, and comes at a time when Qualcomm is facing some challenges. However, Mollenkopf is a experienced leader, and is well-positioned to take the company forward.
2. Qualcomm appoints new CEO
Cristiano Amon, who has been with Qualcomm for more than two decades, has been appointed as the new CEO of the company. He takes over from Steve Mollenkopf, who has been at the helm of Qualcomm since 2014.
Amon is a Qualcomm veteran, having joined the company in 1995. He has been a key figure in the company’s expansion into new markets and technologies, and has been instrumental in the development of Qualcomm’s Snapdragon line of mobile processors.
Amon takes over as Qualcomm faces a number of challenges, including a ongoing legal battle with Apple, and the need to continue to innovate in the face of intensifying competition from rival chipmakers.
Under Mollenkopf, Qualcomm has made some big bets on new technologies, including 5G and artificial intelligence. Amon will need to continue to invest in these areas if Qualcomm is to maintain its position as a leader in the mobile chip market.
3. Qualcomm stock prices
When it comes to technology stocks, Qualcomm is one of the best in the business. The company is a leading provider of chips and other technology for mobile devices, and its products are used in some of the most popular smartphones on the market. As a result, Qualcomm’s stock is often seen as a bellwether for the tech sector as a whole.
Qualcomm’s stock price has been on a roller coaster ride in recent years, and 2019 has been no different. The stock started the year off strong, rising to a 52-week high of $88.27 in early January. However, the stock has since pulled back, and is currently trading around $70 per share.
There are a number of factors that could be contributing to Qualcomm’s recent stock price movements. One is the ongoing trade war between the United States and China. Qualcomm is a major supplier of chips to Chinese smartphone makers, and the trade war has led to concerns about reduced demand from these companies.
Another factor is Qualcomm’s ongoing legal battle with Apple. The two companies have been locked in a dispute over patent royalties, and this has led to Apple withholding payments from Qualcomm. This has had a negative impact on Qualcomm’s financial results, and has likely contributed to the stock’s recent decline.
Looking ahead, Qualcomm’s stock price will continue to be driven by a number of factors. The trade war and the legal battle with Apple are both likely to remain key issues in the near term. In addition, Qualcomm is facing increased competition from other chipmakers, and this could pressure margins and lead to further stock price volatility.
4. Qualcomm CEO salaries
It’s no secret that Qualcomm CEO Cristiano Amon takes home a hefty salary. In fact, Amon is one of the highest paid CEOs in the world, with a total compensation of over $50 million in 2017.
But what may surprise you is that Amon is not the only Qualcomm executive raking in the big bucks. In fact, four of the company’s top executives made over $30 million in total compensation last year.
Here’s a look at the four Qualcomm executives who made the most money in 2017:
1. Cristiano Amon – $50.7 million
2. Steve Mollenkopf – $32.2 million
3. Derek Aberle – $31.5 million
4. James Thompson – $30.4 million
Qualcomm is obviously a very profitable company, and its executives are very well compensated for their work. But it’s worth noting that the company has come under fire in recent years for its high executive pay.
In 2015, for example, Qualcomm was criticized for giving Amon a $75 million sign-on bonus, on top of his $24 million base salary.
And just last year, Qualcomm was sued by one of its own shareholders for allegedly paying its executives too much. The shareholder claimed that Qualcomm’s compensation practices were “unreasonable” and “excessive.”
Qualcomm has defended its executive pay, claiming that its executives are worth every penny. And it’s hard to argue with the company’s success.
Qualcomm is one of the world’s leading semiconductor companies, and its chips are used in a wide range of devices, from smartphones to cars. The company is also a major player in the development of 5G technology, and its products are in high demand.
So while Qualcomm’s executive pay may be high, it’s likely that the company will continue to be very successful in the years to come.