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Latest Business News

Motorola Paid CEO Zander $13.2M in 2006

Friday, March 02, 2007 7:10:43 PM
By DAVE CARPENTER

CHICAGO (AP) - Motorola Inc. Chief Executive Ed Zander received $13.2 million in compensation in 2006, according to a proxy statement filed Friday, for a year in which the cell-phone maker boosted sales and market share but saw profits decline under pressure from rivals.

Zander was paid $1.5 million in salary and $2.2 million in other compensation. He also was given stock or option awards worth $9.5 million.

As part of overall compensation, he received perks costing the company $430,000, including about $351,000 for personal use of company aircraft and $56,000 for personal use of car and driver.


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