Main Page | | English News | Reviews | Forum | US Price List | Facebook | History | Contact | Privacy | Site Map


Custom Search


Go Back   OCWorkbench Lifestyle and Tech Forums, Computex Taipei 2014 Coverage, COMEX 2014 Price list > Smartphones and Tablets > Mobile and Gadget News

Mobile and Gadget News Post your findings of latest mobiles, PDAs, ringtones and information here. CommunicAsia coverage

Click here to resend forum activation email
Lost your password, Request it here


Sprint CEO takes pay cut as investors voice concern about cost of iPhone deal

Mobile and Gadget News


Reply
Add this thread to:  Submit to Clesto Clesto  Submit to Digg Digg  Submit to Reddit Reddit  Submit to Furl Furl  Submit to Del.icio.us Del.icio.us  Submit to Spurl Spurl
 
Thread Tools
  #1  
Old 06-05-2012, 07:42 AM
bluetooth bluetooth is offline
The one
 
Join Date: May 2000
Location: UK
Posts: 104,360
Potenza rep: 10
bluetooth has disabled reputation
Default Sprint CEO takes pay cut as investors voice concern about cost of iPhone deal

Sprint Nextel's $15.5 billion gamble on Apple's iPhone will apparently lighten CEO Dan Hesse's proverbial wallet by $3.25 million this year. That's how much compensation Hesse agreed to give back to help placate investors unhappy about the high cost of the company's iPhone deal. Securing the iPhone has already paid dividends for Sprint in terms of sales. The company sold 1.5 million iPhones in the first quarter while posting a net subscriber growth of 263,000. That didn't stop Sprint from posting an $863 million net loss during the same period, however, causing some investors to grumble about the cost of subsidizing Apple's phone. The subsidy Sprint pays for each iPhone is 40 percent higher -- about $200 -- than what the company pays for other competing devices. Don't feel too bad for Hesse, though. Apparently, the financial gesture basically brings back his "compensation target opportunities" to 2010 levels.
Sprint CEO takes pay cut as investors voice concern about cost of iPhone deal originally appeared on Engadget on Sat, 05 May 2012 16:51:00 EDT. Please see our terms for use of feeds.


Permalink | Reuters | Email this | Comments

More...
Reply With Quote
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Sprint posts $863 million loss in Q1, adds 263,000 net Sprint subscribers bluetooth Mobile and Gadget News 0 25-04-2012 10:40 PM
Sprint unveils the HTC EVO 4G LTE, launching in Q2 for $199.99 bluetooth Mobile and Gadget News 0 05-04-2012 07:30 AM
Sprint CEO defends company’s decision to bet it all on Apple’s iPhone bluetooth Mobile and Gadget News 0 22-03-2012 12:50 AM


(C) Copyright OCWORKBENCH 1998-2014
All times are GMT +8. The time now is 10:18 AM.


Copyright OCWORKBENCH 1998-2014 Singapore, Malaysia, Thailand, Philippines, Indonesia, China, Taiwan, USA, UK