Motorola CEO sees pay nearly quadruple, to $47 million
Motorola Mobility CEO Sanjay Jha sees compensation package balloon, as result of successful split of Motorola into two companies, Reuters reports.
Motorola Mobility CEOsaw his pay for 2011 jump to $47 million, nearly four times the figure for 2010.
Citing a regulatory filing, Reuters reported that the rise in Jha's total compensation package was the result of the successful into two companies last year: Motorola Mobility and Motorola Solutions.
Jha's pay for 2010, including option awards, was about $13 million, Reuters said.
Motorola's $12.5 billion merger with Google has been approved by the U.S. Justice Department, the European Union, and other key regulators, but Chinese regulators haveof the deal. The two companies still expect the merger to be finalized during the first half of this year. But Motorola has said that neither it nor Google can provide any assurance as to when or if the deal will be approved by Chinese regulators.