Sanjay Jha Can Make $104 Million-He Just Has To Turn Around Motorola
This story was written by Dianne See Morrison.
Motorola (NYSE: MOT) co-CEO Sanjay Jha's pay package for 2008 is valued at $104.4 million, according to the Associated Press, which crunched the numbers from the company's proxy filing. The catch is that unless there's a significant turnaround at the struggling handset maker and the current value of its stock price triples, Jha's package will be much more modest. His base salary is $484,615 plus $412,096 in perks, including a chauffeur and use of the corporate jet, as well as relocation expenses and company 401(k) matches. For more, including details on co chief Greg Brown's pay package, see the story on our sister site mocoNews.com.
By Dianne See Morrison