Greg Brown and Sanjay Jha, the chief executives of Motorola Solutions Inc. and Motorola Mobility Inc. saw significant increases in their 2010 compensation from a year earlier, according to a proxy statement Motorola Solutions filed Tuesday with the U.S. Securities and Exchange Commission.
Motorola split into two independent companies in January, with Brown heading Motorola Solutions and Jha in charge of Motorola Mobility. In 2010, Brown’s total compensation was $13.7 million, compared with $8.5 million in 2009. Jha’s total compensation jumped to $13 million from $3.8 million.
The executives’ base salaries remained nearly unchanged around $900,000 per person, as both men had agreed to cut their salaries by 25 percent in 2009 and those reduced levels were kept in place in 2010. The two executives also gave up bonuses due them under Motorola’s old incentive plan.
According to Motorola Mobility’s proxy filing, which was also made Tuesday, Jha forewent two bonuses totaling $704,000 that he was awarded for “personal impact on improved business results, together with (his) efforts to achieve the separation of Motorola Mobility from our former parent.”
The big increase in Brown’s compensation came from cash pay, which rose to $5.9 million in 2010 from $836,931 in 2009. Jha saw a large increase in stock and options awards, rising to $10 million in 2010 from $1.3 million in the previous year.
