Motorola CEO pay package rose to $47 million in 2011
NEW YORK (Reuters) – 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. …
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Motorola CEO pay package rose to $47 million in 2011