Edward J. Zander served as the Chairman and CEO of Motorola Solutions, Inc., from January 5, 2004, to December 31, 2007. He has a solid educational background with a Bachelor's degree in Electrical Engineering from Rensselaer Polytechnic Institute and an...

Edward J. Zander served as the Chairman and CEO of Motorola Solutions, Inc., from January 5, 2004, to December 31, 2007. He has a solid educational background with a Bachelor's degree in Electrical Engineering from Rensselaer Polytechnic Institute and an MBA from Boston University. Before joining Motorola, Zander was a managing director at Silver Lake Partners and spent significant time as President and COO at Sun Microsystems, leading major initiatives in the tech field. His time at Motorola was marked by an ambitious shift towards new technology and operational improvements. Notably, in 2007, he received a total compensation of $17.8 million, driven in part by a $3 million bonus for performance. One of his significant achievements was being granted 800,000 performance-based stock options, highlighting his influence and confidence in the company’s future. Despite recent ups and downs in performance, Zander’s leadership left a lasting impact on the company, transitioning it through challenging market conditions and positioning it for growth. His tenure at Motorola showcases a blend of strategic vision and practical execution in the ever-evolving tech landscape.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Motorola Solutions, Inc. CEOs

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Edward J. Zander

Ex-CEO of Motorola Solutions, Inc.

Education

Bachelor's degree in Electrical Engineering from Rensselaer Polytechnic Institute and an MBA from Boston University.

Field of Expertise

Technology & Engineering - Technology

Sector of Economy

Technology

Born

January 12, 1947 - 78 years ago

CEO of Motorola Solutions, Inc. for

3 years 11 months (Jan 2004 - Dec 2007)

Previous Experience

President and Chief Operating Officer of Sun Microsystems, Inc.

Rivals

Competitors/colleagues of Edward J. Zander

A

Jayshree Ullal

CEO of Arista Networks

2023 Compensation

Stock

$15.05M

Salary

$300.00K

Bonus

$200.00K

Other

$10.40K

Total Holdings

$3.15B

V

Mark Dankberg

Founder and CEO of Viasat

2023 Compensation

Stock

$3.81M

Salary

$1.37M

Bonus

$1.76M

Other

$26.25K

Total Holdings

$16.78M

W

Aneel Bhusri

Founder and CEO of Workday, Inc.

2023 Compensation

Stock

$28.71M

Salary

$65.00K

Bonus

$0.00

Other

$3.17M

Total Holdings

$2.19B

Holdings

See how much did Edward J. Zander make over time.

During his tenure at Motorola Solutions, Edward J. Zander held significant stock options, particularly a performance-based grant of 800,000 shares in 2007. His options had an exercise price set at $17.70 per share based on the stock's closing price on...

During his tenure at Motorola Solutions, Edward J. Zander held significant stock options, particularly a performance-based grant of 800,000 shares in 2007. His options had an exercise price set at $17.70 per share based on the stock's closing price on the grant date. These options were tied to the company's stock performing well, with specific thresholds for vesting. By the end of his tenure, he had accrued a wealth of options and stock units, showcasing confidence in the company's long-term prospects. Earlier in 2005, he was awarded 1.5 million stock options, indicating high expectations for growth. However, fluctuations in Motorola’s stock price indicated a rollercoaster ride for his holdings, reflecting the challenges faced in the competitive tech market.

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Insider Trading

See recent insider trades of Edward J. Zander.

No insider trades found for this CEO.

Compensation History

See how much did Edward J. Zander make over time.

In 2007, Edward J. Zander's total compensation was notable at $17.8 million. This package included a base salary of $1.5 million and a performance bonus of $3 million, directly tied to the company’s success and his leadership. He did not vest any stock that year, but he was granted 800,000 performance-based stock options. The options would vest only if the stock met certain price thresholds. His overall package emphasized a pay-for-performance philosophy, with most of his wealth coming from potential gains in stock value. This reflects a wider trend in executive compensation, aligning the CEO's incentives with shareholder interests. His compensation was not just about salary but also reflected the high-stakes nature of leading a tech giant.

Year

2007

Total Compensation

$2.57M

Salary

$1.50M

Board Justification

The compensation philosophy is designed to attract, retain, and motivate high-quality talent, ensuring that total compensation is competitive and aligned with company performance.

Bonus

$243.00K

Board Justification

The bonus is based on the Motorola Incentive Plan (MIP) which is a cash-based, pay-for-performance annual incentive plan. For 2007, the MIP Business Performance Factor was 12% of the established target award level, and Mr. Zander's actual MIP award was $243,000.

Other

$826.26K

Board Justification

This includes perquisites such as personal use of company aircraft, financial planning, and other benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2007 as the focus is on the stock options and restricted stock units that are not included in this report.

Performance Metrics

The performance metrics for determining the compensation include operating earnings, operating cash flow, revenue growth, and quality-specific measures.