when Broadcom was acquired by Avago, old timers made out like bandits with the “rest and vest” thing, and went to other companies that paid roughly the same in total compensation. Moved up my retirement by about 5 years.
Newer/younger employees with limited RSUs/ESPP got a nice severance and did ok too,though they couldn’t retire yet.
I would assume the same thing happens between Qualcomm old timers and new timers, especially with all the change of control ‘poison pill’ provisions the board is trying to adopt now.
Some of the old timers rest and vesters were looking to retire anyway in their 40ies and 50ies(forced layoff and/or more sinister PIP’d out), so this might just sweeten the deal….
If I were guessing, there is collusion going on between Apple and Broadcom to bring Qualcomm down.
But obviously no proof.
Apple is an evil company BTW.
I’m looking to fill 5 positions, and so far the Qualcomm candidates that I’ve seen, i get the same answer “we’re not actively looking right now. We want to see what package we get if Broadcom is successful”…So the job market apparently is still pretty good.
