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Irwin Mark Jacobs, a founder of San Diego's Qualcomm, raked in $436.8 million total compensation in the 1999-2008 period, making him the 16th biggest executive earner of the last decade, according to a study by the Wall Street Journal. The study, published in today's (July 27) edition, included salaries, bonuses, perks and realized gains on both restricted stock and stock options. It did not include new stock and option grants and didn't record whether the executives sold shares. Jacobs's son Paul E. Jacobs is now chief executive, and last year raked in $18.9 million. The top earner was Larry Ellison, founder and chief executive of software firm Oracle, who received $1.84 billion in compensation during the decade.

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Comments

Founder July 27, 2010 @ 3:20 p.m.

..............WOW..............

Let's all hope they have charity in their hearts!

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Visduh July 27, 2010 @ 8:21 p.m.

Jacobs and his wife have given away many $ millions in recent years. They gave the symphony enough--in excess of $100 million--to put it on a track to being financially solvent for the coming century or more. What should attract some notice is just where and how the Jacobs largess is spread around. Most of the big givers today seem to have a political agenda, and that agenda is usually not conservative at all. (One might suppose that a person who amassed such a fortune would be generally right-of-center, but that is not always the case.)

In some ways, I'm surprised to learn that Jacobs earned "only" $ half-billion in that decade. It would be interesting to know how much his and wife's net worth grew during that same period. One can assume that he, as Qualcomm founder, had plenty of stock to start with, which he received at little or no cost.

He and his wife are fabulously wealthy. Giving it away is the ultimate ego trip, and they seem to be taking a long cruise.

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Don Bauder July 28, 2010 @ 7:38 a.m.

Response to post #1: Irwin Mark Jacobs has been one of San Diego's most generous philanthropists -- giving more than $100 million to the symphony, for example. He was a recent large donor to the downtown library, too. I don't think that was too wise. It motivated the city to go ahead with a project even though it was more than $30 million short of the funds needed. But all things considered, Jacobs has done wonders in San Diego. Best, Don Bauder

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Don Bauder July 28, 2010 @ 7:41 a.m.

Response to post #2: Actually, I thought the numbers in that WSJ report were low, too. Yes, Jacobs would have gotten stock in the company for a very low price -- probably pennies each. I haven't tried to look it up. Best, Don Bauder

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sdsocialdiary July 28, 2010 @ 5:26 p.m.

don't forget they recently gave $60 millions for UCSD hospital... they are very, very generous in many respects... especially for science, education and the arts...nice people too!

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Don Bauder July 28, 2010 @ 10:44 p.m.

Response to post #5: They are San Diego's most generous eleemosynars. Good people. Best, Don Bauder

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