Motorola Inc. hired Sanjay Jha as its co-CEO last August, intending to have him run its ailing cellphone unit and take it public as a separate company. To lure Mr. Jha from Qualcomm Inc., where he was the chief operating officer, they gave him a total direct compensation of $104 million, more than double the next-highest pay package.
and by end of the year Motorola Inc. posted a $3.58 billion fourth-quarter loss. What did they hire this Sanjay for? has he done anything to revitalize this brands mobile division? 2007 4th quarter they sold over 40million phones. the 4th quarter Sanjay started heading things, it dropped to 19million phones. what is motorola thinking putting all their eggs in one Sanjay Jha?
so as Sales of Motorola Inc.'s cellphones crumbled in the important holiday season, dropping more than 50% from the year-ago quarter and prompting the company to announce it was eliminating another 4,000 jobs last January making it a total of 7,000 since October. how did Sanjay react? he voluntarily reduced his 2009 pay by 25% and agreed to forgo his 2008 cash bonus. how noble of him. hehe just makes me laugh thinking why he is getting a bonus for losing 3.58 billion dollars in the first place? btw, please note that all other divisions of motorola are making money so therefore its sanjays division thats losing more than 3.58billion. it makes me wonder why motorola doesnt just fire him and put an end to motorola's two headed monster. two heads isnt always better when it comes to CEO's.
Motorola Inc.'s new cellphone chief is moving quickly to scale back the struggling division, simplifying the way it makes devices and cutting additional jobs. A lot of people sure hate this man right about now...this man who literally took 4,000 peoples salary and pocketed it for himself and layed them off their jobs...shame!
Sanjay Jha, who also became Motorola's co-chief executive in August, has decided to focus on Google Inc.'s Android operating system as the software platform for Motorola's showcase phones. October 2008 till now, we still dont see any results. maluoy ko sa mga gi layoff sa trabaho tugod lang gyud ani ilang cCEO.