Qualcomm promoted its COO, Steve Mollenkopf to the rank of CEO, thereby precluding his likely candidacy as CEO of Microsoft. Microsoft therefore loses another favorite individual for the top spot, leaving the shortlisted candidates to a restricted few.
Qualcomm happens to be a huge organization that makes the cell phone chips for the entire global market. In a surprising move, it raised the status of its COO, Steve Mollenkopf to CEO recently. Thus this man who was among the list of candidates for the position of Microsoft’s chief executive was snatched away by his original organization in the blink of an eye.
The plans to promote Mollenkopf were already in place but the process was speeded up when Qualcomm execs came to know of Microsoft’s headhunting scheme. It was a move made with calculated forethought and it worked quite well to prevent the talented and ambitious Mollenkopf from wandering off to Bill Gates’ firm.
Mollenkopf had received an offer from Microsoft to replace Steve Ballmer. But this offer which he found hard to resist was offset by the good news he received at Qualcomm. As CEO of Qualcomm, the continuity of Mollenkopf’s work will not be affected as it would have been if he had migrated to Microsoft.
Qualcomm didn’t want to lose such a valuable human asset and so it did the right thing by doing Mollenkopf a favor. Unfortunately, that leaves Microsoft with quite a sparse and meager list of possible CEOs. Qualcomm was founded in 1985 and today it is the topmost chipmaker in the world.