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Qualcomm's CEO receives a $3.5 million bonus for settling its legal war with Apple

R Sinduja

News Editor

Qualcomm's executive team has received bonuses for settling a bitter multi-billion dollar legal battle with Apple. Qualcomm's CEO got the biggest bonus-40,794 shares of Qualcomm stock, which works out to be under $3,501,757 at Friday's closing price of $85.84; making under $20 million in total. The exact details of the settlement between Qualcomm & Apple are confidential. Qualcomm plans to increase bonuses to its employees.