Posts for Tag: dan hesse

I assume this is a misprint...

Sprint's CEO awarded $2.6 billion bonus

I assume that's a typo and it's $2.6 MILLION and not BILLION.  Even still, I don't really have an issue with any CEO's pay as long as the company doesn't get government assistance.  If Sprint can absorb whatever losses they've had AND pay him a bonus, that's their prerogative.  My rule of thumb is that any company that receives a bailout needs to have their executive ranks whacked because if those executive were doing a good job, they would never have needed a bailout to begin with.

UPDATE: CNET has fixed the typo.