"Qualcomm agrees with the New York State CommonRetirementFund that increased transparency for election-related activities by corporations is very beneficial, " said Paul Jacobs, chief executive and chairman.
New York State Comptroller Thomas DiNapoli, who oversees the New York State CommonRetirementFund, said "we were disappointed" that Apple didn't offer a plan to deliver cash to shareholders.
On Thursday, Mr. Hevesi said Mr. Morris "steered CommonRetirementFund investments to friends and political associates" and solicited campaign contributions for his re-election as comptroller from people doing business with the fund.