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Published on FierceWireless (http://www.fiercewireless.com)

Sprint CEO passed on his $414K bonus last year

By admin
Created Apr 9 2007 - 7:01pm

According to a recent SEC filing, Sprint chairman and CEO Gary Forsee did not take his allotted $414,000 bonus in 2006 as the carrier struggled with subscriber growth and churn. A Sprint spokesperson said: "Based on the company's performance last year, he declined to receive a short-term incentive." Forsee did receive about $14.8 million in compensation during 2006, with about $7.3 million of that figure not tied to his personal performance as chairman and CEO. Tim Donahue, who retired as chairman of Sprint Nextel last year, received a $19.7 million package, including a $2.25 million bonus and severance benefits of $7.6 million.

For more on Sprint's compensation policies:
- see this article [1] from The Kansas City Star


Source URL:
http://www.fiercewireless.com/story/sprint-ceo-passed-on-his-414k-bonus-last-year/2007-04-10