Who: Sprint Nextel CEO Dan Hesse
Bonus amount: $4.4 million
Total 2010 compensation: $9.1 million
Company performance: Sprint Nextel saw a slight uptick in revenue but a wider net loss in its 2010 fiscal year ended Dec. 31. Operating revenue came in at $32.6 billion, up 1% from $32.3 billion in 2009. Sprint Nextel reported a net loss of $3.5 billion in 2010, compared to $2.4 billion in the prior year.
Justification for bonus: Sprint Nextel CEO Dan Hesse's $4.4 million bonus is more than triple the $1.3 million he received in 2009. Sprints says its 2010 incentive plans were focused on driving turnaround efforts, and the company compensated executives for delivering results in postpaid subscriber churn, 4G subscriber additions, net service revenue, operating income and free cash flow.