Pay plummets for Motorola co-CEOs

15.03.2010

Brown, who heads Motorola's enterprise mobility solutions and networks business, was awarded a compensation package valued at $8.5 million in 2009. His total compensation is down 65% compared to 2008, when his pay package was valued at $24.2 million.

Brown received a salary of $905,769, a decrease of 25% from $1.2 million in 2008. He received a performance-based cash bonus of $836,931. In 2008, he declined to take a bonus.

Like Jha, Brown took a big hit on the value of performance stock units awarded in 2009. The estimated value of stock and option awards granted to Brown during fiscal 2009 was $6.4 million, down from $22.6 million in 2008.

Brown also received other compensation and perquisites worth $359,708, which includes $233,846 for personal use of company aircraft, $62,519 for personal use of car and driver, $40,000 for security system installation and monitoring, and costs for home wireless coverage and financial planning.

Jha and Brown voluntarily cut their salaries in recognition of "the challenging global economic and business climate," according to Motorola. "Both Mr. Brown and Dr. Jha voluntarily agreed to reduce their base salary by 25% from $1,200,000 to $900,000 during 2009 and 2010," the 2010 proxy statement states.