Broadcom Hits Qualcomm for Raising Its NXP Bid: DealBook Briefing
For the first time — and after much protest — public companies must report their employees’ median pay and compare it with that of their C. E.O.s.
From the news release:
Broadcom believes that a responsible Qualcomm board could have preserved value by following ISS’s clear recommendation
to work with Broadcom on the NXP transaction and negotiate the sale of Qualcomm to Broadcom.
The Upshot’s Neil Irwin does a great job of explaining McKinsey’s main finding:
The latest wrinkle is that the researchers now believe
that productivity growth depends not just on the supply side of the economy — what companies produce and what technologies they use to do it — but also significantly on the demand side.
“And right now the companies that are gaining share is the new generation.”
• Of Walmart, Jennifer Saba of Breakingviews writes, “Longer term, failure online is an existential risk.”
But Elizabeth Winkler of Heard on the Street says, “Given its huge size, investors need to temper their growth expectations.”
• Of the Rite Aid deal, Max Nisen and Tara Lachapelle of Gadfly write, “There aren’t
a lot of appealing options out there, and Albertsons had largely exhausted them.”
Elsewhere in Amazon news
• Why would Amazon employees working on the HQ2 search be interested in an article about Arlington, Va.?
