Published in News
Motorola Mobility boss makes a killing
Company does less well
Chief executive to Motorola Mobility Sanjay Jha was given more than $47 million in 2011, almost four times his 2010 pay.
A regulatory filing shows that the mobile phone outfit which will be bought by Google for $12.5 billion wrote him a cheque for the dosh because of his 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.
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. It is possible that the Chinese, who have no love of Google, might continue to put a spanner into the works.
If the deal goes though, Jha can expect even more cash next year.