Sprint paid CEO Marcelo Claure nearly $21.8 million in total compensation for its fiscal year 2014, which ran until the end of March 2015, according to a Securities and Exchange Commission filing. The disclosure makes Claure among the highest-paid executives in the U.S. telecommunications sector and also places him above executives from Verizon Communications and AT&T on a pro-rata basis, since Claure only became CEO of Sprint in August 2014.
Sprint has been talking about the unique benefits of its 2.5 GHz spectrum for years--first when its partner Clearwire owned it, and then after Sprint bought Clearwire. They're still talking about how it's a differentiator. Yet unless and until Sprint fully takes advantage of that spectrum, I don't see it making meaningful market share gains or standing out from its competitors.
LAS VEGAS--It's a new day in the wireless industry. This year's Super Mobility Week is ground zero for a battle among the new guard in the wireless industry. Three of the nation's top four wireless carriers have relatively new CEOs, and attendees here at this fall show are getting a front-row seat to the opening bouts of what promises to be an interesting confrontation among them.
Sprint CEO Marcelo Claure formally took the helm of the nation's No. 3 carrier on Monday and is faced with immense challenges and strong expectations from Sprint Chairman and SoftBank CEO Masayoshi Son, who has put his faith in Claure to turn Sprint around.
Sprint's incoming CEO Marcelo Claure, who will succeed Dan Hesse on Monday, was handpicked for the role by Sprint Chairman and SoftBank CEO Masayoshi Son. The Bolivian-born Claure will now need to prove that he is right person to keep Sprint's turnaround chugging forward now that the carrier has abandoned plans to merge with T-Mobile US.
The unraveling of Sprint's bid to merge with T-Mobile US could spark a new round of price cuts in the U.S. market, according to financial analysts. That could lead to lower costs for consumers but it could also especially pressure Sprint, which is working to upgrade its LTE network.
Now that Sprint has reportedly discontinued attempts to merge with T-Mobile, it's worth taking a look at the reasons behind Sprint's desire to form a deal with the nation's No. 4 carrier--and, more importantly, who else may wish to ink a deal with T-Mobile now that Sprint is out of the picture.
T-Mobile's John Legere brought the "uncarrier" rockstar mentality to T-Mobile and its employees. Can Marcelo Claure do the same for Sprint?
Sprint named Brightstar Corp. founder Marcelo Claure as its next CEO, replacing Dan Hesse, who has been at the helm of the nation's No. 3 carrier since December 2007. The switch comes amid reports that Sprint and its parent SoftBank have abandoned pursuit of a merger with T-Mobile US after judging that they would face too much opposition from regulators.
Sprint and its parent company SoftBank have decided not to pursue an acquisition of T-Mobile US, according to multiple reports. And the country's third largest operator is reportedly ready to replace CEO Dan Hesse with Marcelo Claure, the head of mobile phone distributor Brightstar, possibly as early as tomorrow.