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Rising Apple iPhone subsidy costs force Sprint CEO Dan Hesse to take pay cut

0. phoneArena 04 May 2012, 22:32 posted on

Thanks to the higher costs involved in subsidizing Sprint customers purchase of the Apple iPhone, the carrier's CEO Dan Hesse said that he would be taking a pay cut in 2012; Hesse's pay will be reduced $346,000 to give back incentive pay he already received and he will forfeit $3.25 million dollars in incentive pay...

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