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


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