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Sprint CEO Pay Balloons Despite Company's Struggles

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:
quote:
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).

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atuarre
Here come the drums
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join:2004-02-14
EC/SETX SWLA

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atuarre

Premium Member

RE

They got that money from Softbank and now compensation is ballooning. That is where the money is going, not into network investment and infrastructure but into the pockets of the executives.