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Qualcomm pays CEO $15.1 million

January 19, 2008|From Times Wire Services

Qualcomm Inc., the world's No. 2 maker of chips that run mobile phones, paid Chief Executive Paul Jacobs $15.1 million last fiscal year as profit and sales surged.

Jacobs received a salary of $1.06 million and got options valued at $10.8 million, the San Diego-based company said in a regulatory filing. Jacobs, who took over from his father as CEO in 2005, was paid a salary and bonus of $2.66 million last year, excluding options awards.

Qualcomm boosted profit 34% and increased sales 18% last year on demand for chips used in phones with high-speed Internet access. The stock gained 12% in the fiscal year ended Sept. 30.

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