Sprint CEO’s Bonus Up 18%


If Sprint CEO Dan Hesse hits all of his target goals this year, he’ll see a $720,000 (nearly 18%) increase in his bonus. He already makes over $10 million a year, so for him, the 18% probably isn’t very much, but its nice either way. Does he deserve it though? That’s for you to discuss. While he could see the increased bonus, he has one less responsibility. He no longer has to try to get people to sign up for Clearwire’s 4G WiMAX service.

As most of you know, Sprint owns a majority share in Clearwire and is using their WiMAX service for their 4G. All of the other major carriers are going with LTE or HSPA+ as their “4G” technology, which leaves Sprint by themselves with WiMAX. If Sprint is no longer pushing people to use Clearwire’s 4G service, it definitely means Clearwire is in trouble.

Do you think Dan Hesse deserves this increased bonus? What do you think about their decision to have him no longer responsible for pushing Clearwire’s 4G?

Source: IntoMobile


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