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Sprints 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—a position with which many analysts agree.

Hesse came on board late in 2007 among financial turmoil for the carrier. He had previously headed up EMBARQ, formerly Sprint’s wireline arm, which had been spun off to become its own company.


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