 "Paul Jacobs has been seeking investors for a management buyout of Qualcomm. Photo: Bloomberg")
Qualcomm’s board met Friday to discuss the fate of director Paul Jacobs, the former CEO and son of the company’s founder, the Wall Street Journal reported, without citing its sources.
Jacobs, who was stripped of his executive chairman status last week, has been seeking investors for a management buyout of Qualcomm, according to the Financial Times. The idea has been been largely dismissed by analysts, because it would be expensive and could by blocked by the US government, like Broadcom’s failed bid for Qualcomm. Qualcomm’s board is discussing Jacobs in a regularly scheduled meeting, and could make an announcement
Jacobs, who was stripped of his executive chairman status last week, has been seeking investors for a management buyout of Qualcomm, according to the Financial Times. The idea has been been largely dismissed by analysts, because it would be expensive and could by blocked by the US government, like Broadcom’s failed bid for Qualcomm. Qualcomm’s board is discussing Jacobs in a regularly scheduled meeting, and could make an announcement
