that is quite right. salary hike is for every one but more for lower designation to market adjust. no adjustment for higher titles so peanuts for them.
bonus is nt good , so dont expect much from it.
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only salary rise to engg and sr.engg , nothing for staff and above.
bonus is not so great ,just normal.
@KdTrPOJ-1juy I'm afraid you hit the nail on the head. However, the problem is that the days of California real estate prices growing to the moon are not over. In order to put a roof over your head here, you need that giant bonus. I wish I could spend a big bonus on something nice. Instead, it all has to go to property tax and the mortgage payment. With small bonuses, the economics are hard to justify. However, I see that most of my colleagues are childless DINKs. Probably all of the younger families have been driven out or people are putting off kids because they know its unaffordable now.
My SVP says the days of big bonuses and raises are in the past, that the younger employees don't mind this, and it's only the old-timers who remember the "Good old days" who are upset. And if they're unhappy maybe they should find a place where they'll be happier.
CFO is the best engineer we got. Thanks George! Long Term Evolution of corporate debt!
Today, qcom has 11b in debt and close to 30b in offshore cash. After transaction where qcom has to pay 37b cash and takeover 10b debt already in nxpi book, qcom will use all offshore cash, and will have to borrow another 13.4b. After transaction, qcom will have close to 33b in debt with all offshore cash used. This is financial engineering. Istead of paying tax to bring money to USA, qcom will take tax deduction on interest payment on 33b. 33b is 1/3rd the market cap of qcom. Interest payment on 33b will be close to 700m to 1b. Interest expense money has to come from somewhere and on top of that qcom will be paying off 33b.
$0+$0=$0
gotta cough up $47B. qc got only 30B.
The money they spent for NXP was offshore. Or at least that's what they say.
numbers out already?
Very bad. My director told me if I don't like it
Leave the company.