Ousted Sprint CEO may get $40 million goodbye
Dan Hesse was the highest-paid boss in the wireless industry last year, and has a hefty exit package lined up.
Hesse, who voiced Sprint's "Simply Everything" commercials, will receive a compensation package that could be higher than $40 million as he exits the firm.
The package includes cash, stock and benefits he will receive.
Hesse was ousted at the same time Sprint killed its pursuit of T-Mobile US (TMUS). The mobile company said it plans to focus on building the business and replaced Hesse with billionaire entrepreneur Marcelo Claure.
The mega-pay package was valued at $56 million as of the end of March. Since then Sprint shares have fallen sharply.
But the former Sprint CEO, who was head of the third-largest wireless carrier since 2007, shouldn't be too concerned. He was the highest-paid CEO in the wireless space last year with $49.1 million in total compensation.
Hesse started his career as an intern and later went onto to run the giant wireless carrier AT&T (T) in 1997.
More from MarketWatch
The problem is that millions of Honest Americans work two jobs and still cannot put food on the table two times a day.
He makes 40 millions plus ,and 40 plus millions of Americans make $ 7,50 an hour (before taxes) and can't feed their children.
If some of you are OK with this, I'm glad that I did not teach my children your way of thinking..
And he already has a job lined up paying the same or more.
I wish I could get fired, get a year's salary or more in severance and find a new job on top of that, that pays me the same or more.
It was only $39 million....and free Sprint service for life......poor SOB.
See, this is why we don't believe in the Tea Party Kool-Aid:
"Big Business is your friend, American worker at $10.00 an hour.
"Trickle down economics works!!!"
"unions are destroying America and are anti-American!!
"We have to outsource your jobs, America, to stay competitive"
"The more profits we make, the more people we will hire
No, we don't buy your sheot, Tea Party loons: Ted Cruz, Sean Hannity, Willard Romney, John McCain, John Boehner, Mitch McConnell, Paul Ryan, who want to gut every social safety net, while corporate profits are obscene, and fired CEOs get a severance package bigger than some countries' total BUDGET!!!!!
remember this at mid terms. Does your candidate support the annihilation of unions? Check their voting record. It takes work to become an educated and EFFECTIVE voter. Effective is the key word.
For most working poor americans trying to survive on two incomes at $10.00 an hour and raise a family, you better wake up!!!!!! Tea Party looons and ultra right wing republicans ARE NOT your friend!!!
They want you dirt poor, NO MEDICAL INSURANCE WHATSOEVER, no safety nets whatsoever. Just like 100 - 200 years ago in some feudal system in Britain. Where you have NO rights....just a little better off than an Negro slave. WAKE UP!!!!!! SHEEPLE!!!!!!! VOTE!!!!! GET THESE TEA LOONS OUT OF OUR GOVERNMENT. ITS OUR GOVERNMENT, NOT THEIRS.
Copyright © 2014 Microsoft. All rights reserved.
Stocks drift lower and bonds are hit as investors await the Fed. Prepare for higher volatility this week.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.