INSANE: Motorola's New Co-CEO Package

I am totally envious with what the new co-CEO of Motorola, Sanjay Jha, is getting (according to the Fortune blog):

The new guy will have plenty of incentive to make good on that pledge to turn Moto’s phone business around. On top of his $1.2 million salary and annual cash bonus of up to $2.4 million, Jha’s welcome package includes personal use of the corporate jet, relocation expenses, a promise to make him whole if he loses money on the sale of his home in San Diego, and another promise to pay him $30 million in cash if Motorola fails to spin off the cell phone division before November 2010. He will be entitled to stock options worth 3% of the mobile devices division if it is made independent before that deadline. And of course, there are the equity awards: 3.67 million restricted stock units with a present value of more than $35 million, which he will receive over the next three years; and an option to buy 16.6 million shares at current prices.

And I had corn flakes for lunch. :(