By John Lawrence
In his final message after more than eight years as chief executive officer of Qualcomm Inc. (QCOM), Paul Jacobs on March 4 gave shareholders what he called a “homework assignment.” “Send your Congress people your opinion that you’d like American companies to be able to bring offshore money back to the United States to either reinvest or return to shareholders", said Jacobs, now executive chairman of the San Diego based chipmaker, which has $21.6 billion in overseas profits.
Paul could have said, "Go home and hug your wife and children" or "It's been a pleasure being your CEO for 8 years and thank you for your work." Or "tell your Congressman to raise the minimum wage" or "tell your Congressman to end homelessness now", but, no, his solipsistic exhortation was all about making Qualcomm executives and shareholders (not employees mind you!) even richer than they already are.
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