ADVFN - Advanced Financial Network.
HOME» NYSE » S » S Stock Price » S Stock News

Sprint Nextel Share News

 Sprint Nextel Corp Stock Price
S Stock Price
 Sprint Nextel Corp Stock Chart
S Stock Chart
 Sprint Nextel Corp Stock News
S Stock News
 Sprint Nextel Corp Company Information
S Company Information
 Sprint Nextel Corp Stock Trades
S Stock Trades

Sprint, Ignoring IPhone's Hefty Impact, Boosts CEO's Total Pay

By Greg Bensinger Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Sprint Nextel Corp. (S) boosted Chief Executive Dan Hesse's total 2011 compensation by 31% to $11.9 million, due largely to an increase in his stock awards and a cash bonus that ignored the expense of carrying the Apple Inc. (AAPL) iPhone. Hesse was awarded an $829,322 bonus and an increase in his stock awards to $3.2 million from $1.7 million in 2010, according to a preliminary proxy statement filed Monday by Sprint. Hesse's salary was unchanged at $1.2 million. While Sprint lost 98,000 lucrative contract customers last year, rivals AT&T Inc. (T) and Verizon Wireless padded their user rolls, due in part to the draw of the iPhone and the widening reach of their high-speed mobile broadband networks, known as 4G LTE. Sprint carried the popular iPhone for last year's final three months, helping to stanch customer losses. "The Compensation Committee believed that our launch of the iPhone was an extraordinary circumstance" and was not included in the calculation for executives' short-term incentives, Sprint said of its board in the filing. Sprint committed to buying at least $15.5 billion in iPhones from Apple over the next several years, and said it wouldn't turn a profit on the device until 2015. Verizon Communications Inc. (VZ) tripled to $23.1 million, the total compensation of Chief Executive Lowell McAdam, who took on that role in August. AT&T, by contrast, shrunk CEO Randall Stephenson's 2011 package by more than $2 million, in part because of the failure of his $39 billion bid for Deutsche Telekom AG's T-Mobile USA, Joe Euteneuer, hired last year as Sprint's chief financial officer, was given $3.8 million in total compensation, including a $688,150 bonus and $930,557 in stock awards. -By Greg Bensinger, Dow Jones Newswires; 212-416-4676; [email protected]

Stock News for Sprint Nextel (S)
DateTimeHeadline
01/18/201710:00:00Sprint’s 1Million Project Online Donation Site Now Available t...
01/18/201709:00:00Sprint Corporation Schedules Fiscal 2016 Third Quarter Results...
01/06/201710:37:00Sprint Selects Movius to Provide Cloud-Based Platform to Add...
01/06/201708:08:00CES 2017 Is Offering New Tech for Smarter Living & Autonomous...
01/03/201710:00:00CES 2017 Visitors Get Free UberX Rides up to $10 from Sprint
12/29/201609:00:00Sprint CEO Marcelo Claure to Speak Jan. 5 at Citi’s 2017 Internet, M...
12/28/201617:53:00Sprint Announces Commitment to Create or Bring Back to America...
12/13/201615:00:00Sprint Unveils Breakthrough Technology Innovation to Deliver...
12/13/201611:00:00Sprint Provides Free Broadband Service to More Than 4,200 Illinois...
12/12/201614:10:00Apple Held Talks to Invest in SoftBank Technology Fund
12/12/201611:08:13Amended Current Report Filing (8-k/a)
12/12/201609:00:00Sprint Announces 1Million Project Pilot Participants in 11 Cities...
12/11/201622:50:00Honda Motor Invests in GrabTaxi
12/09/201612:17:00Viaja al sur con Sprint este invierno y disfruta la libertad...
12/09/201612:01:00Sprint Celebrates Customers and the Season of Gift Giving with...
12/09/201610:15:00Sprint South This Winter and Enjoy the Gift of Unlimited High-Speed...
12/08/201615:10:00Poké mon Go' Adds Starbucks Stores as Gyms and Poké Stops
12/07/201609:05:00Sprint Becomes First U.S. Partner of Pokémon GO
12/07/201604:00:00SoftBank Investors Cheer CEO's Meeting With Trump
12/06/201610:37:00Sprint & Prince Royce Team Up To Host #Royce4Sprint Holiday Benefit...

Sprint Nextel and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US