-40% YTD stock performance vs. S&P500 or semiconductor sector - Senior Engineer Broadcom Employee Review

2.0
Oct 10, 2013
Recommend
CEO approval
Business Outlook

Pros

This review is for mobile platform group. Basically, work and life can be in balance, except during bring-up or critical issues Nice campus in Irvine

Cons

If stock is -40% vs S&P500 index, usually the CEO and/or high-level management should take responsibility. The board should notice and do something. Many critical and expensive mistakes by management, for example bad acquisition of a $400 million LTE company, which turns out to be a dud. To fix this, another LTE company was acquired. The mistake is probably reflected in stock price. Not seeing any high-level management resigns or leaves over this mistake. Now, in order to merge, they need to cut cost by letting go good existing people. How about the super top management? A director also made bad decision over software integration strategy that was costly, but he is still hanging around.

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CEO approval
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Pros

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Cons

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4.0
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Recommend
CEO approval
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Pros

great financial benefits and stock options

Cons

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