John Paczkowski

Recent Posts by John Paczkowski

Motorola Announces Cost Morale Reduction Actions

Well this should do wonders for Motorola employee morale….

The handset maker this morning said it will cut compensation and benefits packages for its employees in order to “better align with industry norms”–industry norms in Motorola’s case being the ongoing collapse of its post-Razr phone business. To that end, the company will permanently freeze its U.S. pension plans and temporarily suspend all matching contributions to 401(k) plans. It won’t be offering salary increases this year, either. And, in a sympathetic nod to Motorola’s (MOT) long-suffering employees, co-CEOs Greg Brown and Sanjay Jha will take 25 percent salary reductions. Brown will forego any 2008 cash bonus. Jha will forfeit a portion of his guaranteed 2008 bonus equivalent to that and take the remainder in restricted stock.

“The sustained downturn in the global economy requires that we take these difficult but necessary steps,” said Brown and Jha. “While serving our customers remains a top priority, we are equally focused on our cost structure, and we will continue to implement appropriate measures to conserve cash and reduce expenses.”

Happy holidays, Schaumberg.

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work