Sprint CEO Cuts His Pay by $3.25 Million After Shareholder Criticism Over iPhone Deal

Sprint Nextel CEO Daniel Hesse had gone all-in to start offering Apple’s iPhone last year. But Hesse’s decision doesn’t seem to have gone down too well with shareholders as they are not happy that the results were hit due to the heavy subsidy that Sprint has to pay Apple for the iPhone.
In response to the shareholder disappointment, Hesse has announced that he will cut his personal compensation by $3.25 million this year.

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