Dan Hesse, who was CEO of independent telco Embarq before leaving in December to take over Sprint Nextel, was due to earn about $10.3 million from Embarq last year, but reportedly left much of it on the table. That was nice of him. Hesse received just over $1 million in salary and about $3,420 in other compensation from Embarq for 2007. He left the company with about two weeks remaining in the calendar year. New CEO Tom Gerke, who had been CFO and then interim CEO after Hesse left, made about $3.3 million last year.
For more:
- see this Associated Press story at Forbes
Related article:
- Hesse's departure from Embarq was announced in mid-December