Motorola co-CEOs voluntarily agrees to a 25 percent pay cut this year

Motorola co-CEOs voluntarily agrees to a 25 percent pay cut this year
As the world continues to pull itself out of the economic downturn that's been lingering around for some time now, Motorola's co-CEOs are doing something that completely shows their concern with the fate of their company. There's no denying how companies are eager in attempting to cut costs in any shape and form – even going to the extent of cutting back pay to some of its employees. Well if you happen to be an employee working for Motorola, you'll probably be surprised with the move that co-CEOs Greg Brown and Sanjay Jha have committed themselves to – they've voluntarily agreed to take a 25 percent pay cut this year. That's probably news to anyone when you consider the fact that Motorola seems like they're on the rebound since launching the Motorola DROID a few months back. In reality, they're just continuing their commitments in salary reductions that were agreed upon back in 2009 before the good times started rolling back. When you look closely at Motorola's proxy statement filed with the SEC recently, the confirmation is written all over that the two high up execs are giving up 25 percent of their salary – both will be making $900,000 as opposed to the $1.2 million they made each back in 2008. It doesn't look like the company, which will separated into two publicly traded divisions, will have to worry about the future of the company if they continue to remain a standing force in the smartphone market. With the Motorola DROID and MILESTONE capturing the minds of consumers and the speculations of possibly landing the Nexus Two looming, Motorola stands to be a formidable force in the coming year.

via IntoMobile

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3 Comments

1. JeffdaBeat unregistered

Pfft...in my book it doesn't say much. If you really want to help your company, go the way of Steve Jobs and make your salary $1 and make your income based on how well the company does...

2. testman22

Posts: 339; Member since: Nov 03, 2009

How are they going to live on a measly 900 grand a year?

3. phoneguru173

Posts: 54; Member since: Apr 09, 2008

Will their Droids work on the new Prepaid plan that they'll be forced to subscribe to? Perhaps they can get their DEVOUR cracked so they can use it on Virgin Mobile (aka Sprint PCS now) or Metro PCS?!

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