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Sprint CEO Hands Back $3.25M To Appease Shareholders Who Are Unhappy With Its iPhone Deal

Sprint CEO Hands Back $3.25M To Appease Shareholders Who Are Unhappy With Its iPhone Deal

The iPhone may be good for Sprint in the long run, but it just cost the carrier's CEO $3.25 million.

Sprint CEO Dan Hesse has handed back $3.25 million of his own salary in a bid to appease shareholders who have been upset by the carrier’s iPhone deal with Apple. Shareholders spoke out against the arrangement when it was discovered that Sprint did not consider the financial effect of carrying the iPhone when it calculated employee bonuses.

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