Sprint Chief Cuts Pay After Shareholder Criticism

Sprint Nextel Chief Executive Dan Hesse agreed to cut $3.25 million from his compensation after shareholders complained it didn’t reflect the hefty upfront expense of carrying the iPhone. Hesse, in a letter filed with the Securities & Exchange Commission Friday, said he was voluntarily cutting some short- and long-term bonuses as well as some stock awards.

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Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

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