Motorola will slash its co-CEOs' salaries and freeze its U.S. pension plans. Beginning on Jan. 1, the company also is temporarily suspending all company matching contributions to employees' 401(k) plans. A salary freeze affecting many employees will also take effect. In addition, Motorola co-CEOs Greg Brown and Sanjay Jha will see a 25 percent compensation decrease in their base salaries; Brown will also forgo any 2008 cash bonuses. In addition, although Jha's contract guarantees a cash bonus for 2008, his bonus will be voluntarily reduced.
