One of the largest donors to the pro-Obama Super PAC Priorities USA
is the founder and former CEO of a company that pioneered the practice
of shipping work overseas.
Dr. Irwin Jacobs, who founded the telecommunications firm Qualcomm in 1985 and served as chairman and CEO until March 2009, gave $2 million to Priorities USA in June, according to the Center for Responsive Politics.
He has also given $100,000 to American Bridge 21st Century, the left-wing research operation funded by billionaire financier George Soros.
Jacobs has personally donated more than $370,000 to Democratic candidates and committees since 2007, including nearly $12,000 to President Obama.
His net worth is estimated at almost $2 billion.
His son Paul, who is also a prominent supporter of the Democratic Party, succeeded Jacobs as CEO. Paul has donated more than $62,000 to Democratic candidates and committees since 2007, including $5,000 to Obama.
Qualcomm has enjoyed substantial success over the past several years while it has dramatically expanded its operations overseas.
The company’s profits jumped from $1.6 billion in 2009 to $4.3 billion in 2011, an increase of nearly 300 percent.
During that same period, the San Diego-based firm increased its number of properties owned or leased outside the United States from 70 to 99, according to documents filed with the Securities and Exchange Commission. During that time, the company pared down its U.S. property holdings from 76 to 73.
Read more: http://freebeacon.com/insourcing-the-outsourcers-cash/
Dr. Irwin Jacobs, who founded the telecommunications firm Qualcomm in 1985 and served as chairman and CEO until March 2009, gave $2 million to Priorities USA in June, according to the Center for Responsive Politics.
He has also given $100,000 to American Bridge 21st Century, the left-wing research operation funded by billionaire financier George Soros.
Jacobs has personally donated more than $370,000 to Democratic candidates and committees since 2007, including nearly $12,000 to President Obama.
His net worth is estimated at almost $2 billion.
His son Paul, who is also a prominent supporter of the Democratic Party, succeeded Jacobs as CEO. Paul has donated more than $62,000 to Democratic candidates and committees since 2007, including $5,000 to Obama.
Qualcomm has enjoyed substantial success over the past several years while it has dramatically expanded its operations overseas.
The company’s profits jumped from $1.6 billion in 2009 to $4.3 billion in 2011, an increase of nearly 300 percent.
During that same period, the San Diego-based firm increased its number of properties owned or leased outside the United States from 70 to 99, according to documents filed with the Securities and Exchange Commission. During that time, the company pared down its U.S. property holdings from 76 to 73.
Read more: http://freebeacon.com/insourcing-the-outsourcers-cash/
No comments:
Post a Comment