A regulatory filing with the SEC has revealed that Motorola Mobility CEO Sanjay Jha made $47 million dollars last year. That’s quite a lot considering the company is about to be purchased by Google, they haven’t had a super hit since the origina Droid and Jha is believed to be out after the Google Merger (which actually makes him more money).
Jha’s pay quadrupled from 2010 to 2011. According to Motorola it was his work splitting Motorola into two companies that warranted a $34 million dollar raise. He was most likely instrumental in the Google deal as well.
It was reported back in February that when the merger closes Jha would be out and Google Executive Dennis Woodside would assume command of Motorola Mobility under Google. What does that mean for Jha? Well we reported back in August that Jha has a pretty nice golden parachute. When he joined Motorola from Qualcomm he received 3.8 million shares of Motorola stock. He also received 2.9 million options. Jha’s 2.9 million options are valued somewhere around $62 million dollars. They vest when he’s been with the company 3 years.
While that’s great for Jha, what’s even greater is that his contract states if he leaves the company as a result of an ownership change, ie Google buying Motorola, those 2.9 million shares vest immediately.