Sanjay Jha -- Engadget Mobile

sanjay jha posts

Motorola co-CEO Jha makes off with staggering $104M package in 2008

by Chris Ziegler posted Apr 6th 2009 @ 10:27AM

How many CEOs of Fortune 500 companies can brag that their total compensation package for a single year equalled a full percent of their firm's market cap? Actually, with stock prices in the toilet as they are these days, probably quite a few -- but no one would seriously expect Sanjay Jha, co-CEO of embattled Moto, to be a member of that elite club. The Qualcomm hire -- who worked less than five months for Motorola in 2008 -- managed to rake in over $104 million between his salary, stock options, and other benefits, which seems criminal in light of his company's continued fight for survival, its multiple rounds of layoffs, and a recent pay cut (that, by all appearances, probably should've included some of those lucrative options). Realistically, Jha hasn't been at the helm long enough to prove whether he's worthy of this kind of dough -- but when you lose $3.6 billion in a single quarter, these sorts of packages just don't seem kosher by any measure, you know?

Motorola posts $3.6b loss as devices sales fall by 26 percent

by Nilay Patel posted Feb 3rd 2009 @ 11:38AM

Things just aren't getting any better for Motorola -- just weeks after the troubled phone manufacturer announced deep layoffs, it's revealing that it lost $3.6 billion dollars in the fourth quarter. The loss is mainly attributed to falling device sales: handsets were down 26 percent, and mobile devices total were down 51 percent. According to Motorola CEO Sanjay Jha, the answer for now is Android phones, which the company thinks will be more competitive than WinMo devices in 2009 -- and he interestingly said that Moto plans on continuing to make Windows Mobile devices because it thinks WinMo 7 will be a big deal when it comes out in 2010. That's the first time we've ever heard a date on WinMo 7, if you're keeping track -- and if it's right, it'll be the second time Jha's blown the lid on an upcoming version of Windows Mobile. Whoops! We'll be watching that one, but for now here's hoping Moto rights the ship with something like an Android-based SURF A3100 -- otherwise it may not even be around in 2010.

Motorola's co-CEOs graciously cut own pay in cost-cutting plan

by Chris Ziegler posted Dec 18th 2008 @ 4:02AM

Motorola was already in the hurt locker well before this latest economic crapstorm went into overdrive, so it stands to reason that pennies are being pinched and belts are being tightened across the board out in Schaumburg. 'Course, all sorts of jobs have already been cut, so what else can you do? For starters, you can trim a few bucks off the salaries of two of the companies' more well-paid individuals -- co-CEOs Greg Brown and Sanjay Jha -- both of whom will "voluntarily" take 25 percent pay cuts in 2009 (don't worry, they'll still be able to make ends meet). Additionally, Brown will skip out on his 2008 bonus while Jha will have his bonus reduced by the total amount of Brown's forfeited bonus, and he'll take the remainder as restricted-sale stock instead of the cold, hard cash that might be a little more valuable than shares of Motorola should the company go south. For employees without seven-figure salaries, they're looking at frozen pension plans and an elimination of the company's match into retirement accounts for '09. Sign of the times, eh?

[Thanks, Joe M.]

Motorola expected to cut more jobs as it simplifies around Android

by Thomas Ricker posted Oct 29th 2008 @ 3:17AM

Ugh, it looks like Thursday is shaping up to be another sad Moto day. The Wall Street Journal is reporting this morning that Sanjay Jha, former Qualcomm exec and Motorola co-CEO tasked with resurrecting Motorola's mobile-devices division, is about to slash jobs in an effort to bring costs and production under control. Though obviously unwelcome news, it likely won't come as a surprise to employees since Jha reportedly told them that Motorola has two to three times as many employees working on individual projects compared to its competitors. Cuts will likely number in the "thousands," according to the WSJ's sources, and could come as early as Thursday when Motorola announces earnings... or more likely, lack thereof. Motorola has already shed 10,000 jobs since the start of 2007. In addition to job cuts, Jha plans to "scrap dozens of phone designs" while scaling back its mobile-OS inventory from more than a half-dozen to just three: Android for multi-media and Internet showcase phones, Windows Mobile for ho-hum business devices, and its own P2K for low-end phones. Moto will likely outsource at least some of its WinMo phone production as well. As to his motivation: $100 million and 3 percent stock if Mr. Jha manages to spin-out the mobile devices division into an independent company by late 2010. $30 million if he fails. Win-win, eh Sanjay?

Sanjay Jha commits to reviewing Moto platforms, making needed hires in 90 days

by Darren Murph posted Aug 6th 2008 @ 2:05PM

Sanjay Jha has a fairly daunting task ahead of him, but the new co-CEO is already vowing to stomp his foot down and make some changes for the better within three months. While speaking to an audience of analysts and media, the new Motorola exec stated that he would be reviewing the firm's device platforms / product roadmap within 90 days, and he's also planning to make "hires in areas where he doesn't have experience." Thankfully, that latter tidbit includes hires in product design, which -- judging by the looks of its Alexander -- really needs some fresh brains to step in. Of course, we wouldn't expect a new bigwig to say anything other than this, so the real test comes in T-minus eighty-some-odd days when we see how he delivers. The clock's ticking, Mr. Jha.

Sanjay Jha in at Motorola as co-CEO, handset division chief

by Joshua Topolsky posted Aug 4th 2008 @ 11:38AM

Motorola announced today that it would be appointing Qualcomm's former COO Sanjay Jha to head up its ailing handset division -- much to the chagrin of our own Ryan Block. Jha will also take on co-executive duties for the parent company along with current CEO Greg Brown. The news comes hot on the heels of speculation that the electronics-maker will spin off its mobile phone wing as a separate, publicly traded entity, though chatter persists that an outright sale of the division may be more economically advisable at this stage. So here's the question that begs asking: why has Moto gone the co-CEO route? Whether it's a matter of the board's confidence in Brown's abilities, or a by-product of some unseen moves, it comes off as unusual at best.