"Mirror, mirror, on the wall, who's the highest-paid CEO of them all?" In the wireless world, the answer to that question is Sprint CEO Dan Hesse.
Every year Fierce checks out the highest-paid CEOs in the telecom space. This year, executives from Sprint and AT&T topped the list. For a complete list of the highest-paid CEOs in the wireless industry, click here. And for a list of the highest-paid CEOs in the wireline sector, click here.
In 2013 Sprint CEO Dan Hesse had probably his busiest year at the helm of the carrier since he came on board in late 2007, and the company handsomely rewarded him for his efforts. Hesse scored a total compensation package of $49 million in 2013, according to a filing with the Securities and Exchange Commission. That figure is far above Hesse's 2012 compensation and made him easily the highest-paid executive in the wireless industry last year.
SoftBank CEO Masayoshi Son will not directly call for a merger between SoftBank-owned Sprint and T-Mobile US in a speech in Washington on Tuesday, according to a Bloomberg report.
SoftBank CEO Masayoshi Son is struggling to overhaul Sprint's corporate culture in an effort to make the nation's No. 3 wireless carrier more competitive against larger rivals AT&T Mobility and Verizon and upstart challenger T-Mobile US. According to a detailed profile of Son in the Wall Street Journal, the Japanese billionaire executive is holding repeated meetings with all levels of Sprint's management, both in-person and through video conferencing, and is working to instill a fast-paced, Silicon Valley-style attitude at what he sees as a staid, Kansas-based wireless operator.
SoftBank CEO Masayoshi Son will outline his views on the state of the U.S. mobile industry during a speech next week that will likely be pored over for clues as to whether or how intensely SoftBank-owned Sprint will push for a deal with No. 4 player T-Mobile US.
SoftBank CEO Masayoshi Son is now publicly pushing for a deal between Sprint and T-Mobile US, arguing that without consolidation no company can close the gap with Verizon Wireless and AT&T Mobility.
Sprint added 477,000 customers in the fourth quarter, defying analysts' expectations that it would lose subscribers. However, after posting its first quarterly net profit since 2007 in the third quarter, the company swung back into the red in the fourth quarter with a loss of $1.04 billion.
Executives at Sprint and SoftBank are reconsidering their plans to attempt a merger between T-Mobile US and Sprint in the wake of significant regulatory opposition to the proposed transaction, according to a new report from the Wall Street Journal.
Sprint is close to securing $45 billion in debt financing from a group of banks to make a bid for T-Mobile US, according to a report from Dealreporter. However, a separate report from Bloomberg painted a more conservative view of the deal and said that top Sprint executives have not yet decided if they want to pursue a bid.