Monday, December 23, 2019

Greensboro, North Carolina Technology Company Qorvo Inc's Top-Tier Executives Average Annual Pay and Employee Benefits Increase Was 4.0% Per Year During the Past Four Years Since the Merger of RF Micro Devices and TriQuint Semiconductor

I think that Pete Buttigieg was the clear winner in last night's debate, very successfully warding off a vicious barrage of strange attacks from several parties.  Amy Klobuchar was the clear loser, attacking Pete irrationally as if she were acting in desperation.  Her nastiness here is consistent with the rumor that she does not treat her own staff well.

I have researched and made posts related to Top-Tier Executive Total Compensation in most of the largest companies headquartered in the four earliest 2020 Democratic Primary States ..... Iowa, New Hampshire, Nevada and South Carolina.

Then, of the 14 Super Tuesday US States holding their 2020 Democratic Presidential Primaries on March 3, 2020, I made like posts related to most of the largest Texas Companies, most of the largest Southern California companies and also most of the largest technology companies headquartered in Northern California.

My research has shown that Elizabeth Warren, Bernie Sanders and Tom Steyer are all spot on when they assert that US Corporate Financial Corruption is rampant.  But the problem is that none of the three have any clue on precisely the cause or how to effectively fix this huge problem which is also the primary cause of the huge, continuing US income inequality expansion which has been occurring for decades.

But even worse, even though he is a very nice man, Joe Biden is so naive that he isn't even aware of the extent of this continuing huge US income inequality expansion or precisely its cause which has been occurring under his nose for the past forty plus years, nor is he aware of, or else has decided to ignore, just how huge the largest US tax shelters are which are located right under his nose in his home State of Delaware, mostly in one Wilmington building.

On the negative side, voting for many years for the Annual Income Tax Loophole Extenders which dramatically increased income inequality expansion each year were Joe Biden and Amy Klobuchar.  On the positive side, voting for many years against these same Annual Income Tax Loophole Extenders were Elizabeth Warren and Bernie Sanders.

So now I will be addressing Top-Tier Executive Compensation for five to ten years in some of the largest companies in the State of North Carolina, one of the 14 Super Tuesday 2020 Democratic Presidential Primary US States.  

I will be doing this research mostly by stock market capitalization and thus the 15th North Carolina Company that I am addressing here is Qorvo Inc.

From annual compensation information contained in Proxy Statement filings with the US SEC, the chart below shows Qorvo's Top-Tier Executives Annual Total Compensation for each of the two consecutive full years of employment for the past four years since the merger of RF Micro Devices and TriQuint Semiconductor.

Qorvo's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was 4.0% per year during the past four years.



FYE FYE FYE FYE FYE FYE FYE FYE
March March March March March March March Dec
Qorvo Inc 2019 2018 2018 2017 2017 2016 2016 2014
Top-Tier Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Bruggeworth CEO       7,985       6,942       6,942       6,599       6,599       6,496  N/A   N/A 
Murphy CFO       2,581       2,361  N/A   N/A     
Creviston Corporate VP       2,914       2,749       2,749       2,798       2,798       2,551  N/A   N/A 
Klein Corporate VP       2,326       2,065       2,065       2,264       2,264       2,203       2,203       2,125
Harrison Controller          712          769          769          562    
Buhaly Former CFO  N/A   N/A        2,296       2,448
 Totals      15,806     14,117     12,468     12,430     12,430     11,812       4,499       4,573
Annual % Change vs Prior Year 12.0% 0.3% 5.2% -1.6%
4 Year Average Per Year % Change 4.0%