Motorola Lays Big Bet on New Handset Chief
In landing a new chief executive for its troubled mobile device business, Motorola Inc. is clearly banking on the old adage that “you get what you pay for.” Sanjay Jha, the co-chief executive of Motorola, managed to seal a compensation deal that The Wall Street Journal estimated could be worth $94 million, including restricted stock, options, base pay and a special payment. That’s more than nine times what he was earning at Qualcomm Inc., his previous employer, and would put him easily in the upper echelon of the country’s highest-paid CEOs, according to rankings by Forbes.
