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Sprint’s CEO Rakes in $15.5M in Compensation

Sprint¡¦s CEO Rakes in $15.5M in Compensation

Dan Hesse, CEO at Sprint-Nextel Corp. took home 30 percent bigger of a bonus for 2008 than expected, raking in $2.6 million. His overall compensation package came in at $15.5 million, with a base salary of $1.2 million.

Sprint shares have lost more than 70 percent of their value since the beginning of 2008.

It also lost 4.6 million customers during 2008, losing $2.8 billion, but Sprint spokesman James Fisher told the Wall Street Journal that the carrier has actually shown improvement, including cutting $1 billion in costs and renegotiating its credit position¡Xa position with which many analysts agree.

URL: http://www.hackinthebox.org/index.php?name=News&file=article&sid=31544

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