Qualcomm CEO Paul Jacobs received compensation valued at $21.72 million last year, according to documents filed yesterday with the U.S. Securities and Exchange Commission. His total package is up 23% from 2010, when he netted compensation worth $17.63 million.
Jacobs' total compensation for 2011 included his $1.15 million salary, which is nearly equivalent to his 2010 salary, and a $5.5 million cash bonus, which is up 63% from the $3.37 million bonus he received in 2010. Another boost to his pay came in the form of stock awards valued at $14.32 million, which is up 16% from the $12.38 million in equity awards he received a year earlier.
Jacobs also received $742,288 in perks and other compensation. His perks included: $228,817 for personal use of corporate aircraft; $395,337 for a retirement matching contribution plan; $75,000 for a charitable match; $25,000 for financial planning; and $18,134 for insurance premiums and matching 401(k) contributions.
In its 2011 fiscal year, which ended Sept. 25, Qualcomm's revenue grew to $14.96 billion, representing a 36% increase over the prior year's $10.98 billion revenue. Net income grew to $4.24 billion, a gain of 31% compared to $3.25 billion in 2010.
Jacobs' total pay is calculated using data supplied in a proxy statement filed with the SEC on Jan. 18. The following figures are taken from the summary compensation table: salary, bonus, stock awards, non-equity incentive place compensation (performance-based cash bonus) and all other compensation. The estimated value of equity awards represents the grant date fair value for stock awards and stock options granted during the fiscal year.
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