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Sprint's ex-CEO Forsee made $21.4M in 2007
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Sprint's former chairman and CEO Gary Forsee's compensation during 2007 was valued at $21.8 million, which marks a 47 percent increase from the previous year. Last year was a difficult year for Sprint since its subscriber base dropped along with its profits, which led to Forsee's resignation in October. According to an SEC filing, Sprint paid Forsee $1.5 million in salary, $1.5 million in non-equity incentive payments, $59,805 in above-market earnings on deferred compensation and $8.3 million in other compensation.
To compare Forsee's payment to other executives at public wireless companies, check out our recent Executive Pay feature here.
For more on Forsee's 2007 package:
- read this article from the AP
Comments
Posted by JWM | March 28, 2008 - 11:14am
I WILL GLADLY RUN A COMPANY INTO THE GROUND FOR
HALF THAT AMOUNT. JMONDAK@MSN.COM
Posted by Ex-Sprint customer and employee (by choice) | March 29, 2008 - 10:55am
Sprint Nextel is, quite literally, the worst of the worst:
www.tinyurl.com/ytpn6b
and
www.tinyurl.com/ypc4vj
Essentially, Gary Forsee was very richly rewarded for performing his job in a manner that did not qualify him to stay.
If challenged to do so, I could ruin Sprint in half the time it took Gary. Could I get $80,000,000.00?
Posted by What a horrible, horrible organization | March 29, 2008 - 11:08am
Actually, the Kansas City reports today Gary Forsee received $40 million in 2007, including his outlandish severance pay.
Essentially, Forsee was very richly rewarded for performing his job in a manner that did not qualify him to stay.
If challenged to do so, I could ruin Sprint in half the time it took Gary. Could I get $80,000,000.00?
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