Motorola's Sanjay Jha earned $13 million in 2010

Motorola's Sanjay Jha earned $13 million in 2010

Jha's compensation for 2010 included a salary of USD 900,000 and stock and option awards of about USD 10 million, the company said in a filing with the Securities and Exchange Commission today.

Its other sister company, Motorola Solutions' CEO Greg Brown earned USD 13.7 million in 2010, up from USD 8.47 million in 2009. Brown's 2010 compensation was bolstered by USD 5.9 million in cash and one million dollars in stock awards.

Motorola split into two companies - Motorola Solutions Inc and Motorola Mobility Holdings Inc - effectively from January 4 this year. While Motorola Solutions focusses on hand-held communication devices, bar-code scanners and public-safety radios, Motorola Mobility is in charge of mobile phones and set-top box business.

Jha's stock and options awards rose to USD 10.02 million in 2010 from USD 1.34 million in the previous year. His USD 13.02 million earnings also include USD 704,000 of earned formula-based and discretionary bonuses for 2010 performance, which Jha has voluntarily agreed to forego. He also earned other compensation of USD 388,623.

In its filing the company said bonuses were awarded to Jha for "personal impact on improved business results, together with (his) efforts to achieve the separation of Motorola Mobility from our former parent."

Brown's base salary remained relatively flat at USD 900,000 and he did not receive a bonus for 2010. Brown and Jha, who were co-CEOs of Motorola before the company split up, had agreed to cut their salaries by 25 per cent in 2009 and those reduced levels were kept in place in 2010.

Motorola Solutions also noted in its proxy report that it would hold its shareholder meeting on May 2 in Washington DC, the first time when the annual event will be held outside Illinois.