Sprint CEO passed on his $414K bonus last year

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 from The Kansas City Star

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceWireless!

The Wireless industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceWireless as their must-read source for the latest news, analysis and data on this increasingly competitive marketplace. Sign up today to get wireless news and updates delivered to your inbox and read on the go.