AndroidGuys

Well, that’s one way to cut operating expenses, we suppose.  For the (lucky?) remaining employees left at Motorola, they can stop looking forward to their extra stock rewards.  One has to wonder how many people will jump ship as a result of this.  How much longer would you stick around if your company was in a tailspin like they are?

“On April 21, 2008, the Compensation and Leadership Committee of the Board of Directors of Motorola, Inc. approved the cancellation of the 2006-2008 performance cycle and the 2007-2009 performance cycle under the Company’s Long Range Incentive Plan of 2006 without the payment of awards for such performance cycles.” - SEC filing from Motorola