Motorola co-CEO Jha makes off with staggering $104M package in 2008
By Chris Ziegler 
posted Apr 6th 2009 10:27AM
posted Apr 6th 2009 10:27AM
How many CEOs of Fortune 500 companies can brag that their total compensation package for a single year equalled a full percent of their firm's market cap? Actually, with stock prices in the toilet as they are these days, probably quite a few -- but no one would seriously expect Sanjay Jha, co-CEO of embattled Moto, to be a member of that elite club. The Qualcomm hire -- who worked less than five months for Motorola in 2008 -- managed to rake in over $104 million between his salary, stock options, and other benefits, which seems criminal in light of his company's continued fight for survival, its multiple rounds of layoffs, and a recent pay cut (that, by all appearances, probably should've included some of those lucrative options). Realistically, Jha hasn't been at the helm long enough to prove whether he's worthy of this kind of dough -- but when you lose $3.6 billion in a single quarter, these sorts of packages just don't seem kosher by any measure, you know?
I cant remember the last time Moto did something innovative, bring out a product which was was deserving of them, they might as well pay big bonuses and get shut.
Actually he didn't get that much money. Turns out, when he check his accounts online, he found out that Motorola had Rick Rolled him. There was only $104 bucks in there. Silly Kumar...
We should all gather at his house and throw our broken RAZR phones through his windows.
How about including all of the facts? The pay package seems obscene at first glance, but virtually all of it was in stock options.
The value of the stock needs to appreciate for him to realize any cash from the options grant...unless the board reprices his options.
well it also depends what percentage was stock options or not. even if 75% was stock options, $25 million is obscene for not only the state of the economy, or motorola's terrible financial situation, but also for someone who has only worked there for 5 months.
^^^Well with the power of *subtraction* at my fingertips, I believe Mr. Jha's annual salary was $800,000, and the remainder is in options, likely to vest over a four- or five-year term, probably longer.
So what? It's their company and thier business how much they pay execs. They haven't been bailed out (yet) so who are we tell them how much to pay their employees.
You must need to piss like a race horse from all the cool aid you've been drinking. You believe that simply because the obscene amount of money he's getting isn't from taxpayers no one should care? The fact that A)The company is doing poorly, extremely poorly B)The company continues to lay off thousands of people, upwards of 10,000 with a goal to "reduce costs by some $500M by the end of the year" because of how poorly it's doing C)He hasn't even been with the company for 2 whole quarters
The divide between not just what the CEO and what the employees get payed, but the fact that they laid off thousands of people because they don't want to pay them, then they let him get this salary, and you think no one should say anything? That concept alone should bother you, forget the fact that he's doing this while the company posts a $2.6 billion loss.
Who are we to tell them how much to pay their employees? We are potential consumers. We are people that can choose whether or not to support the companies actions. So as a consumer I can tell them I'm offended by they're actions and I wont be purchasing your products or your stock.
How are they supposed to get the best people if they cannot pay them the best bonuses and salaries
If these are the best I hate to see what the worst would do.
No one is saying they should not be getting paid money. They should not be getting paid $100 million for doing absolutely nothing for their company and with other employees are taking pay cuts.