milan03 Posted April 17, 2014 Share Posted April 17, 2014 (edited) While AT&T and Verizon dominate the industry and T-Mobile has been receiving consumer adoration for doing things a little bit differently, Sprint has been struggling to not only keep users, but build a decent network and brand identity. Most LTE tests place Sprint at the very bottom of the barrel in speed and latency, and the company always seems to be promising that a great network is just around the corner. With Sprint flailing, it's apparently a perfect time for Sprint CEO Dan Hesse's pay to skyrocket. According to recent SEC filings, Hesse's pay ballooned from $11 million in 2012, to more than $46 million in 2013. Why? Because the company was so "successful" last year: The carrier notes in its SEC filing that 2013 was "one of the most eventful years in Sprint's history." Last year SoftBank completed its $21.6 billion purchase of 80 percent of Sprint, Sprint bought partner Clearwire, shut down its Nextel iDEN network and started deploying its tri-band LTE Sprint Spark service. Hesse's $46 million in 2013 compensation tops AT&T (CEO Randall Stephenson made $23.24 million), Verizon (CEO Lowell McAdam made $15.82 million in 2013) and presumably T-Mobile (who hasn't filed their SEC docs yet). http://www.dslreports.com/shownews/Sprint-CEO-Pay-Balloons-Despite-Companys-Struggles-128598 http://www.fiercewireless.com/story/sprint-ceo-hesses-compensation-balloons-11m-2012-49m-2013/2014-04-16?utm_source=Twitter&utm_medium=Editor&utm_campaign=SocialMedia http://www.sec.gov/Archives/edgar/data/101830/000010183014000012/sprintcorp201310-k.htm Edited April 17, 2014 by COZisBack Edited for copyright protection. Quote Link to comment Share on other sites More sharing options...
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.