Motorola’s cost-cutting affects top executives

December 22, 2008 at 10:09 Leave a comment

After Motorola announced that they were freezing pension plans and cutting salaries-due to the economic downturn. It now seems co-CEOs Greg Brown and Sanjay Jha –will both voluntarily take 25 percent pay cuts in 2009. Additionally, Brown will skip out on his 2008 bonus while Jha will have his bonus reduced by the total amount of Brown’s forfeited bonus, and will take the remainder as restricted-sale stock instead of cash.

Wireless Industry News

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Entry filed under: Mobile, Motorola, Telecom, Wireless. Tags: , , , , .

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