Broadcom Hits Qualcomm for Raising Its NXP Bid: DealBook Briefing<br />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.<br />From the news release:<br />Broadcom believes that a responsible Qualcomm board could have preserved value by following ISS’s clear recommendation<br />to work with Broadcom on the NXP transaction and negotiate the sale of Qualcomm to Broadcom.<br />The Upshot’s Neil Irwin does a great job of explaining McKinsey’s main finding:<br />The latest wrinkle is that the researchers now believe<br />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.<br />“And right now the companies that are gaining share is the new generation.”<br />• Of Walmart, Jennifer Saba of Breakingviews writes, “Longer term, failure online is an existential risk.”<br />But Elizabeth Winkler of Heard on the Street says, “Given its huge size, investors need to temper their growth expectations.”<br />• Of the Rite Aid deal, Max Nisen and Tara Lachapelle of Gadfly write, “There aren’t<br />a lot of appealing options out there, and Albertsons had largely exhausted them.”<br />Elsewhere in Amazon news<br />• Why would Amazon employees working on the HQ2 search be interested in an article about Arlington, Va.?
