Sprint CEO Hesse gets $14.2M in 2008 compensation
Sprint CEO Hesse gets $14.2M in 2008 compensation
By David Twiddy, AP Business Writer
CedMagazine.com - March 31, 2009
KANSAS CITY, Mo. (AP) – Sprint Nextel Corp. Chief Executive Dan Hesse received compensation valued at $14.2 million in 2008 as the telecommunications company continued to lose ground in the wireless industry, according to an Associated Press analysis of a regulatory filing Monday.
However, much of Hesse's compensation was in stock and options, which have plummeted in value since he received them.
Hesse, 55, received a base salary of $1.2 million and a performance-based bonus of $2.7 million last year, according to a proxy statement filed with the Securities and Exchange Commission.
He also received stoc...
(continues)
By David Twiddy, AP Business Writer
CedMagazine.com - March 31, 2009
KANSAS CITY, Mo. (AP) – Sprint Nextel Corp. Chief Executive Dan Hesse received compensation valued at $14.2 million in 2008 as the telecommunications company continued to lose ground in the wireless industry, according to an Associated Press analysis of a regulatory filing Monday.
However, much of Hesse's compensation was in stock and options, which have plummeted in value since he received them.
Hesse, 55, received a base salary of $1.2 million and a performance-based bonus of $2.7 million last year, according to a proxy statement filed with the Securities and Exchange Commission.
He also received stoc...
(continues)
...
It's a very bad example for executives to give themselves bonuses while layoffs are happening and regular employees haven't got raises in years.
How many jobs could have been saved just with that one bonus... (where's the throw-up smiley when you need it?)
How many jobs could have been saved just with that one bonus... (where's the throw-up smiley when you need it?)
...
If we listened to people like you, then you'd have us believe that it's hitting an iceberg every other day.
Fact is, we're still the 3rd biggest carrier with some huge things coming this year. I don't know why everybody wants Sprint to die so much, but I got bad news for them.
Fact is, we're still the 3rd biggest carrier with some huge things coming this year. I don't know why everybody wants Sprint to die so much, but I got bad news for them.
...
Just think Marky Mark, I bet the Titanic's captain thought they had a chance of making it too.
...
I'm really upset by this. Sprint put me on the street last month and I was making 1% of his gross pay of 4 million. All of the other executives receive unreal salaries like this also. If they got paid really what they were worth, maybe several hundred of us wouldn't have had to lose our jobs.
GREED
GREED
...
