T-Mobile's John Legere made more last year than either Verizon or AT&T's CEO
posted by Michael H. / Apr 26, 2014, 11:22 AM
According to the U.S. Securities Exchange Commission, John Legere earned $29.2 million last year, as T-Mobile began adding subscribers for the first time in four years. For comparison, Legere's nemesis AT&T CEO Randall Stephenson earned $6 million less at $23.2 million for 2013; and, Verizon CEO Lowell McAdam earned just $15.8 million for the year. Sprint's Dan Hesse was actually the highest paid carrier CEO for 2013 at $49.1 million, but that total was inflated quite a bit because of Sprint being sold to SoftBank.
It has been a big year for T-Mobile, which has not only been adding subscribers, it has been strengthening its LTE network, and changing the brand image with its UNcarrier movement. T-Mobile has made big changes to contracts, credit checks, upgrades, international roaming, and more, and subscribers have taken notice.
Posts: 10457; Member since: May 14, 2012
Holy damn that's a lot of money. I can live off $30 million for the rest of my life!
posted on Apr 26, 2014, 11:29 AM 11
Posts: 364; Member since: Apr 05, 2013
That's what everyone that wins the lottery says, and most of them end up bankrupt and broke.
posted on Apr 26, 2014, 11:56 AM 4
Posts: 1946; Member since: Feb 15, 2012
Wow, good for him, but maybe they should had invested some of the money on brand new cell towers.
posted on Apr 26, 2014, 11:34 AM 3
Why should anyone care how much a Ceo makes?
posted on Apr 26, 2014, 1:35 PM 3
Posts: 3806; Member since: Apr 16, 2014
If John Legere works as the CEO of T-Mobile for ten years, that's $300M spent on one guy and his ability to make good decisions for the company. From a T-Mobile shareholder point of view, maybe it is a good investment. In the bigger picture of life, it fabulous weath for yet another CEO, while so many people are unemployed or underemployed.
posted on Apr 26, 2014, 3:23 PM 2
Posts: 1515; Member since: Jun 03, 2010
CNN Money had listed the 12 top paid CEOs before taxes. Larry Ellison of Oracle was listed as number one and Randall Stephenson of AT&T was listed as number 12. No one inbetween was from a wireless carrier. So, unless CNN Money is incorrect, Randall Stephenson should be the highest paid Carrier CEO. Not John Legere. Not Dan Hesse. John B.
posted on Apr 26, 2014, 5:11 PM 0
Posts: 6023; Member since: Dec 30, 2010
For all the hate Verizon gets for being so expensive...this is a positive..... Kinda explains why Verizon's network is always the highest ranked for overall satisfaction and service. Their CEO is actually putting that money back into the service....and not his pocket.
posted on Apr 26, 2014, 9:35 PM 1
Posts: 1; Member since: Apr 26, 2014
Are you guys serious? 20, 30, 40 mil is chump change to these carriers. Really think Lowell Mcs 15.4 mill hurts anything? VZW and ATT each spend over 5 Billion a year on network upgrades and expansion alone ... a new tower is about 500k each ,,, so vzw has 31 less towers on the docket for one year ....
posted on Apr 26, 2014, 11:42 PM 1
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