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Spotlight: Hesse tops CEO pay heap
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Earlier this year, we followed news of what various service provider CEOs were paid during 2007, and with rare exceptions, readers almost always felt the figures reported were too high. Now comes word that Dan Hesse, who was hired as CEO of success-challenged Sprint Nextel last December, is the highest paid CEO in the industry, according to how the Associated Press calculates such things. The AP reports that Hesse is making $28.3 million this year, though the figure includes bonus and option money tied to his hiring. Considering the challenge he took on, is that figure much of a surprise?
For more:
- see this Associated Press report at Yahoo! Finance
Related articles:
AT&T CEO Randall Stephenson took home $18 million last year AT&T report
Verizon CEO Ivan Seidenberg was paid just over $20 million Verizon report
More stories about Sprint Nextel Randall Stephenson Ivan Seidenberg Highest Paid Ceo Dan Hesse Verizon
Comments
Posted by Anonymous | March 5, 2009 - 12:34pm
We should make a t-shirt. My CEO made 28.3 million and all I got was this lousy unemployment check!
Posted by Anonymous | February 17, 2009 - 12:58am
8,000 job cuts
no pay increase (2nd year running)
no 401k contributions
increased medical cost
-meanwhile senior execs wallets and pockets continue to bulge.
When is enough enough?
Posted by Anonymous | February 2, 2009 - 1:51pm
When your are bleeding to death why would you invite a vampire to lunch... All of us have seen the our stock go the floor and now we have a CEO who wants to become an actor and during this whole free falls through the floor...While the board gives out big pay packages to the CEO and the worker bees get squashed and thrown out of the hive... What is the BOD really doing or should we say not doing during these time...
Posted by Anonymous | February 2, 2009 - 1:26pm
Unbelievable...I really cant beleive it....where this company continues to go under his leadership...another era of a fatcat who cant do anything more with the company than worry about his next commercial tv appearance!!!
Posted by Anonymous | February 2, 2009 - 12:56pm
Of course this is not cash comp but the "value" of his initial options which he may never realize.
Posted by Anonymous | December 9, 2008 - 12:51pm
That's exactly what going to happen in the next month, it's going to be a biggy.
Posted by Anonymous | October 30, 2008 - 6:11pm
Well, he's a hollywood actor...right?
Seriously, this is a ridiculous sum of money for anyone to be paid. Too bad CEO's are so greedy. Just hold a few more lay-offs to afford your overblown sense of entitlement.
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