Motorola chief's amazing packet revealed
Hello, golden hello
While Motorola's market share for phones increased by only 0.9 per cent last year, the size of Ed Zander's trousers increased by $38.8m.
The CEO's incredible packet was bulked up by option grants of $23.2m, a "golden hello" of $12.3m, restricted stock worth $23.2m and a paltry $6.5m cash. No prizes for guessing who's buying the drinks, then.
But was it merited? Rivals LG, Sony Ericsson, and Samsung all took bigger bites out of the ailing leader Nokia than did Motorola in 2004. So heaven only knows how the Motorola board will keep Zander happy, should the company actually make further ground. If a less than one per cent increase earns Zander $38.8m, overtaking the market leader will cost it $659m.
The Finns have a rather different approach, extending their legendary progressive views to parking fines, which scale according to one's annual earnings. When Nokia director Anssi Vanjoki was caught doing 47 mph in a 31 mph zone, he was fined €116,000 or 14 days income. Nokia president Pekka Ala-Pietila got away with a fine of €35,000.
Better watch that speedo, Ed. ®