Former Sprint CEO recieved $40 million in 2007

Sat, 03/29/2008 - 00:20

For a Company that is bleeding chips so much money shouldn't be thrown away on one man who help to Sprint's fall from Glory. Ousted CEO Gary Forsee received $40 Million during 2007 and will pick up another $1 Million annually for the rest of his life it appears. All those information was disclosed Thursday in Sprint’s proxy statement filled with the Securities and Exchange Commission.

Gary Forsee was forced to resign by angry investors due to Sprint's inability to keep existing Customers and conjure up some more.
[Source: KansasCity]