Motorola Inc. (NYSE:MOT) shareholders are also proposing new measures at the company's next annual meeting aimed at giving them a say in executive compensation. The news comes after MOT revealed Friday that CEO Edward Zander received $11.9 million in total pay for 2006, which included a $350,999 bill for personal use of the company aircraft. The new proposal calls for Motorola to adopt a policy enabling shareholders to cast advisory-only votes on executive compensation. These votes, while advisory-only, would likely sway the Board of Directors in the event of overcompensation - since the Board is
supposed to act on behalf of shareholders not management. Another proposal on the table is aimed at recouping "unearned management bonuses" that would return any bonuses or incentive payments given out to executives if
it's later "reasonably determined" that certain performance targets
weren't met. Combined, shareholders are hoping that these new proposals will enable them to keep a tighter leash on executive compensation.