Motorola head paid compensation four times his pay

Sanjay Jha, the chief executive to Motorola Mobility, was awarded a total compensation package of about $47 million in 2011, almost four times his 2010 pay

April 22, 2012
motorola-logo

Sanjay Jha, the chief executive to Motorola Mobility, was awarded a total compensation package of about $47 million in 2011, almost four times his 2010 pay, according to a regulatory filing.

The cellphone maker, which agreed to be bought by Google Inc for $12.5 billion, said on Friday that the rise was due to the successful splitting of Motorola into two companies last year to form Motorola Mobility and Motorola Solutions.

Jha’s pay package, including option awards, increased from about $13 million in 2010, the company said in its proxy filing on Friday.

Motorola said it still expects the Google deal to close in the first half of 2012 even though the Chinese government last month extended its review of the deal, which has been approved by U.S. and European regulators.

Motorola Mobility said it and Google are working closely with China’s regulators in their investigation of the deal.

The company scheduled its annual meeting for June 4 but said it could be canceled depending on the timing of the sale’s completion.

Tags: Active, Google, Motorola Mobility, Sanjay Jha

Free Email Newsletter:
Subscribe

Shutterstock is the image partner of MyBroadband – technology images can be found here

Join the conversation

Connect with MyBB

twitterfacebookandroidappleblackberrynewsletterfeed

Poll

Will you subscribe to Telkom’s 100Mbps fibre service if it is available in your area?

View Results

Loading ... Loading ...

More News

22seven is now free

22seven Old Mutual

Old Mutual-owned personal financial management tool and app, 22seven has announced that it is now available to customers for free.

Cell C store robbed

Criminal cellphone thief

The Cell C store in the Northgate Mall is the latest technology and telecoms outlet to be robbed

Slow ADSL for some Telkom Internet users

Snail slow network cable

Many Telkom Internet service provider users are complaining about poor ADSL performance in KZN

Standard Bank apologises for systems failure

Standard bank

Standard Bank has apologised to its clients for technical glitches that lasted several hours on Monday

Free MyBroadband Newsletter:
Subscribe
X
bool(true)