Sprint Nextel’s $15.5 billion gamble on Apple’s iPhone will apparently lighten CEO Dan Hesse’s proverbial wallet by $3.25 million this year. That’s how much compensation Hesse agreed to give back to help placate investors unhappy about the high cost of the company’s iPhone deal. Securing the iPhone has already paid dividends for Sprint in terms of sales.
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Sprint CEO takes pay cut as investors voice concern about cost of iPhone deal