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

By - April 22, 2012 Share on LinkedIn
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.

Share your thoughts

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

Do you think Vodacom, MTN, and Cell C will cut their mobile data prices?

View Results

Loading ... Loading ...

More News

Advertisers should boycott SABC: Right2Know

SABC please stand by

The Right2Know Campaign has called for advertisers to boycott the SABC.

Top Gear will be back in 2017 with Matt LeBlanc

Matt LeBlanc and The Stig

Matt LeBlanc will be returning to host Top Gear in 2017.

Big tech price cuts in Makro Price Slice Sale

makro sale

Makro has launched a one-day “BIG Price/Slice Sale”, offering significant discounts on laptops, computer monitors, tablets, and other tech products.

The Internet is going bananas for Pen-pineapple-apple-pen

Piko Taro

A comedian’s short music video titled Pen-pineapple-apple-pen (PPAP) is the latest viral sensation on YouTube.

Free MyBroadband Newsletter
×