According to a regulatory filing with the U.S. Securities and Exchange Commission, Motorola Mobility’s Chief Executive Officer Sanjay Jha earned a whopping $47 million salary in 2011—quadrupling his pay during 2010. So, what is with the $34 million increase? Motorola said on Friday that Jha’s work to split Motorola into two companies, Motorola Solutions and Motorola Mobility, warranted such a raise.
Motorola Mobility agreed to sell to Google in a $12.5 billion deal last August, which has been approved by both United States and European regulators. China has not made a decision and just pushed for more time to review the deal.
Source: Reuters
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