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nsandymary
04-06-2009, 04:29 PM
NEW YORK (CNNMoney.com) -- As the economy melted down last year, so did CEO paychecks. The average compensation for 200 chief executives at America's largest public companies fell 5.1% last year to $10.8 million, according to a survey (http://www.nytimes.com/2009/04/05/business/05comp.html) published Sunday by the New York Times and research firm Equilar. The decline marked the first time in five years that top executives' pay packages shrank compared to the year before.
"We could begin to see a fundamental sea change in the compensation of executives," Charles M. Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware, told the Times. "If shareholder value has fallen, so should the value of the executive pay package."
Last year's biggest payday went to Sanjay Jha of Motorola (MOT (http://money.cnn.com/quote/quote.html?symb=MOT&source=story_quote_link), Fortune 500 (http://money.cnn.com/magazines/fortune/fortune500/2008/snapshots/288.html?source=story_f500_link)), who was lured away from Qualcomm (http://bigtech.blogs.fortune.cnn.com/2008/08/04/did-moto-get-the-right-guy/) in August to try to turn around Motorola's struggling mobile phone business. Jha earned $104.4 million in total compensation, although almost all of it - $103.6 million - came from stock options and grants. Jha's co-CEO at Motorola, Gregory Brown, had a 2008 pay package that totaled $24.2 million.


http://i2.cdn.turner.com/money/galleries/2009/news/0904/gallery.biggest_ceo_paychecks/images/sanjay_jha.jpg
• Motorola cutting 4,000 jobs (http://money.cnn.com/2009/01/14/news/companies/motorola_jobs/index.htm)



Total compensation: $104.5 million

2008 salary: $484,615
Bonus: $0
Perks: $412,096
Stock grants: $36 million
Stock options: $67.5 million

Sanjay Jha joined Motorola in August, lured away from rival Qualcomm (http://bigtech.blogs.fortune.cnn.com/2008/08/04/did-moto-get-the-right-guy/) to try to shore up Motorola's struggling mobile phone business. Since then, the company has run through several rounds of job cuts as it prepares for a spin-off of its handset division. Jha's co-CEO at Motorola, Gregory Brown, had a 2008 pay package that totaled $24.2 million. But both men will see their salaries shrink in 2009: As Motorola froze employee salaries (http://money.cnn.com/2008/12/17/news/companies/motorola/index.htm) and retirement-plan contributions in December, its CEOs said they would cut their own salaries by 25%.

money.cnn.com (http://money.cnn.com)

maXimus
04-06-2009, 11:33 PM
Does anyone at Motorola know when to call it quits?? They need to sell off the handset division to Nokia or Sony.....maybe even Apple. They have totally lost their sense of direction. :cool:

Prolevelz
04-07-2009, 04:04 AM
i guess there bugging down???

also here of us,... the marketing and service team was backing out!!!

i dont know why?

Kruejl
04-07-2009, 11:29 PM
All that money and yet no new cutting edge devices? Moto needs to stick with 2-way's and cable boxes.:D

maXimus
04-07-2009, 11:30 PM
No one can touch them in the handheld radio department! ;)

Kruejl
04-07-2009, 11:31 PM
True, nobody really even tries. :)

maXimus
04-07-2009, 11:33 PM
Don't forget the NFL coaches headsets!!!!!!!! :laugh:

Rayborn
04-14-2009, 05:04 PM
I know where I'm applying next year :lol: if killgorian will let me out of my contract.:banging:

bamp
04-16-2009, 05:40 PM
Have ya'll ever heard of Vertex Radio? They are selling so many hand held radios that Moto bought them. They are giving them some competion. They have the best radio on the market, with the best warranty.

They also have a medium wattage repeater that moto is letting their people sell because they can't compete with it.