On Air Now

Listen

Listen Live Now » 92.5 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
57° Feels Like: 57°
Wind: SSE 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Sunny 84°

Tonight

Clear 59°

Tomorrow

Mostly Sunny 83°

Alerts

Sprint CEO Hesse's compensation rises four-fold

Sprint Corp's CEO Dan Hesse speaks to guests and members of the media after a tour of Sprint's laboratory in Burlingame, California, October
Sprint Corp's CEO Dan Hesse speaks to guests and members of the media after a tour of Sprint's laboratory in Burlingame, California, October

(Reuters) - Sprint Corp paid Chief Executive Daniel Hesse $49.1 million in 2013, a more than four-fold increase from 2012, largely due to a jump in stock and options.

Hesse's base salary remained unchanged at $1.20 million. His stock awards totaled $27.8 million, including the $1.9 million awarded in 2011 but vested in 2013, Sprint said in a filing with U.S. Securities and Exchange Commission on Monday. (http://r.reuters.com/dyf27v)

Hess's total package was $11.2 million in 2012.

Softbank Corp <9984.T>, a Japanese mobile network operator, took control of Sprint for $21.6 billion last July.

Softbank extended Hesse's contract as Sprint Corp's CEO until 2018.

(Reporting by Rohit T. K. in Bangalore; Editing by Saumyadeb Chakrabarty)

Comments