World News

BlackRock says voted against Qualcomm executive pay, director

BOSTON (Reuters) – Top fund manager BlackRock Inc <BLK.N> said on Wednesday it cast an advisory vote against the pay of executives at chipmaker Qualcomm Inc, <QCOM.O>, and against a compensation committee member, citing a concern that a one-time stock award was “not aligned” with shareholder interests.

Qualcomm’s executive pay failed to win a majority of support from shareholders in an advisory vote at its annual meeting held Tuesday, according to the San Diego Union-Tribune Newspaper. The company has not yet disclosed an official vote tally.

(Reporting by Ross Kerber)