“Sprint Nextel CEO Dan Hesse took a $3.25 million pay cut earlier this month, as penance for orchestrating the company’s pricey iPhone deal with Apple,” John Paczkowski reports for AllThingsD.
“Has outcry over the agreement — which will cost Sprint an estimated $15.5 billion over the next four years — soured him on it?” Paczkowski reports. “Not at all. ‘We’re very happy with it,’ Hesse said of Sprint’s deal with Apple, during the company’s annual shareholders meeting Tuesday. ‘Carrying the iPhone will be quite profitable.'”
Paczkowski reports, “But not for a few years, at least. By its own admission, Sprint won’t profit from the device until 2015.”
Read more in the full article here.
MacDailyNews Take: Considering the alternative – swimming in the toilet with T-Mobile USA – Sprint’s Hesse is right to be smiling over having the one and only iPhone.
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