Proxy Adviser Says Sprint Ceo Was Paid Too Much

By PETER SVENSSON, AP Technology Writer, Seattle Post-Intelligencer: Business
Thu, 07/24/2014 - 3:46pm

NEW YORK (AP) — Institutional Shareholder Services, a leading shareholder advisory firm, is telling shareholders to protest Sprint Corp. CEO Dan Hesse's $49 million 2013 pay package, saying it's excessive and not tied to performance. In 2012, he gave up part of his salary after shareholders complained that this compensation formula was tweaked to eliminate a reduction he would have taken for the earnings hit caused by initial sales of the iPhone.

Topics: york ap institutional shareholder services sprint corp ceo dan hesse in shareholders

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Proxy Adviser Says Sprint Ceo Was Paid Too Much

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