Qualcomm Inc (QCOM)

[pajaso-pajaso]

Biz: I've always liked the idea of cumulative voting..

Seems that when the issue of installing the corporate officers for terms beyond 1 year came up for a vote several years ago the shareholers went along with the board's plan on the premis that it was important to corporance governace continuity.

I did'nt like that then and voted aginst it because it gives the board too much time to muck up (enron, worldcom) the business before the shareholders can vote to correct corporate officer malfiecence.

If the name of the game of a corporation is to provide for profits to the benefit of it's shareholders, maybe the board should concentrate on the buisiness instead of constantly attempting to consolidate their (QCOM's) corporate power base which is the way I've been seeing things since 1999-2000.

Biz... Do you think something is afoot??

Is this power consolidation (concentration) fortelling of some business problems coming down the pike at the Q?

It's a little worrysome to me.

Q board member no longer hold large stock positions.

comments?