According to a report from the Kansas City Star, former Sprint Nextel CEO Gary Forsee [1] is set to take the helm of the University of Missouri system of schools. The appointment marks the first time the university would have a president without a background in higher education.
Meanwhile, newly appointed Sprint Nextel CEO Dan Hesse [2] will reportedly make $1.2 million a year at Sprint. Sprint gave Hesse a $2.7 million cash signing bonus and 3.3 million stock options. Hesse's annual bonus for next year ranges as high as 3.4 times his annual salary, or about $4 million. His contract runs for three years.
For more on Forsee and Hesse:
- read this report [3] from the AP on Hesse
- check out this article [4] from the Kansas City Star on Forsee
Links:
[1] http://www.fiercemobilecontent.com/story/sprint-ceo-gary-forsee-jumps-ship/2007-10-09?utm_medium=nl&utm_source=wireless_Cingular%20Wireless
[2] http://www.fiercewireless.com/story/hesse-take-helm-sprint/2007-12-18
[3] http://biz.yahoo.com/ap/071220/sprint_hesse_compensation.html?.v=1
[4] http://www.kansascity.com/105/story/411149.html