Sprint’s Dan Hesse Cuts Pay Due To Investors Gripes About Cost Of iPhone Deal

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Sometimes as the face of the company you have to make sacrifices, and that’s exactly what Sprint’s CEO Dan Hesse is doing. According to reports, Sprint’s CEO Dan Hesse will give up $3.25 million of his pay to silence investors who have concerns and gripes about the cost of the iPhone deal with Apple. Currently, the subsidy that Sprint pays is about $200 for the iPhone. That cost is considerably higher than its’ other devices at around 40%.

Maybe we should give some kudos to Dan for the gesture, and hope he does not make this mistake the second time around. Then again, will he have a choice for the iPhone 5? I guess we’ll find out.

Via [Engadget]

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