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Sprint CEO given nearly $3 million in extras in 2011

Sprint CEO Dan Hesse received a major increase in compensation last year, a regulatory filing has revealed.

Hesse received $11.9 million in compensation last year, thanks to $1.2 million in salary, $829,000 in bonus, $3.2 million in stock awards, $1.7 million in stock options, $4.8 million in non-equity incentive plan compensation, and $94,000 in other compensation. Although it's no surprise a public company CEO is making millions, it's worth noting that his compensation increased nearly $3 million between 2010 and 2011.

According to the Securities and Exchange Commission filing, Hesse's … Read more

Sprint's Dan Hesse just got a warning notice from his board

Sprint Nextel CEO Dan Hesse should probably think about doing some networking on LinkedIn.

Today's Wall Street Journal has a rare, insider-rich piece targeting Hesse. A betting man would say his own board of directors had a lot to do with the story. No, no one on the board is quoted directly. But the picture the WSJ paints is certainly a flattering one of an engaged, hands-on board. They are served well by this story.

You don't see this sort of knifing when an exec is secure in his job. It usually means board members are trying to … Read more

Activist investor taps MTV, NBC alums for Yahoo proxy war

Activist shareholder Dan Loeb's Third Point has filed papers with the U.S. Securities and Exchange Commission to launch a proxy fight against Yahoo, bringing two heavy-hitting media executives with him to battle.

Third Point is nominating four candidates for board seats, including Michael J. Wolf, former president and chief operating officer of MTV Networks, and Jeff Zucker, former chief executive of NBC Universal. The Third Point slate is rounded out with Loeb and Harry J. Wilson, chairman and chief executive of a corporate restructuring firm, Maeva Advisors.

Since last year, Loeb has pressured beleaguered Yahoo for mismanagement, calling … Read more

Sprint gets the Nextel monkey off its back

Pretty soon, the Nextel in Sprint Nextel isn't going to make much sense anymore.

Sprint's Nextel network won't completely shut down until next year, but the company is already working to turn off the iDEN network. During the company's quarterly conference call today, executives laid out plans to decommission cell sites this year and talked up the financial benefits to come.

Nextel merged with Sprint in one of the most ill-advised deals in corporate history, with consequences of the disaster still apparent seven years later. Today, the company reported yet another unprofitable quarter. Nextel, which at … Read more

The 404 at CES 2012: Where it doesn't get any better than this (podcast)

LAS VEGAS--It's a big day for The 404 as we welcome two big Hollywood names to the CES stage--Eliza Dushku and Wayne Brady drop by for a chat about video games, robots, gadgets, and more!

It's not every day that The 404 is lucky enough to have one big name celebrity guest on the show, much less two in one episode! We've been waiting all week to chat with Eliza Dushku about her official duties as the official Entertainment Matters Ambassador for CES 2012, which sounds like a fun job!

She's been here hosting parties and covering the show all week, so we'll talk to her about the next wave of 3D televisions and her voice acting work in games like Fight Night Champion and WET, but we'd be doing our listeners and nerds everywhere a disservice if we didn't ask her about her involvement in role in Ghostbusters 3!… Read more

Ad mix-up reveals Galaxy Nexus on new carrier

The Galaxy Nexus could be making its way to Sprint Nextel's upcoming 4G LTE network.

An advertisement that was accidentally published on one of CNET's Consumer Electronics Show pages showed off the Galaxy Nexus, currently only on Verizon Wireless, as a phone that will run on Sprint's 4G LTE network. To ensure no confusion with its current 4G WiMax service, the 4G LTE part of the line was highlighted.

A spokeswoman from Sprint declined to comment on the ad or the prospect of the Galaxy Nexus coming to Sprint.

But the Galaxy Nexus, or any 4G LTE … Read more

Sprint to launch 4G LTE in 10 cities by the end of June

Sprint Nextel is looking to get its 4G LTE rolled out sooner, rather than later.

Sprint plans to launch its 4G LTE service, part of its Network Vision upgrade plan, in 10 markets by the first half of the year. That includes major cities including Dallas (AT&T's headquarters), San Antonio, Houston, and Atlanta, CEO Dan Hesse said today during an investor conference. The event was Webcast.

The timing adds a little specificity to its 4G LTE plans. The company previously said it expects to launch the service by midsummer. Sprint, which has for years relied on Clearwire'… Read more

A tech toy timeline for 2012 (video)

For even the most conscientious tech-industry watchers, keeping track of what's coming down the pike can be a tricky task--and the rumor mill only complicates things.

Enter CNET Senior Editor Dan Ackerman, who lays it all out for "The Early Show on Saturday Morning" in this video of the most anticipated tech toys, which includes a timeline of what we can expect each month.

So when will see a new iPad? How about PlayStation's Vita or those "Ultrabooks" people have been talking about? Tune into Ackerman's crystal ball.… Read more

Wealthfront takes on Wall Street--Silicon Valley style

There's a lot of sudden wealth occurring in Silicon Valley these days, and that's leading to a parade of suits--aka wealth managers--trying to snag customers from the hallways of Facebook, LinkedIn, Zynga and other hot companies.

It's a parade that Wealthfront wants to rain on.

Wealthfront, a startup backed by Marc Andreessen and other Valley luminaries, is trying to upend the old-school money management model by replacing it with a system powered by software. The pitch: Why trust your money to a Wall Street money manager who charges steep fees when well-designed software can do a better … Read more

New flap over SOPA copyright bill: Anti-Web security?

Hollywood-backed legislation to knock suspected copyright-infringing Web sites offline could hinder efforts to secure Internet domain names, a key member of Congress said today.

Rep. Dan Lungren, who heads the Homeland Security subcommitteee on cybersecurity, said his panel has been working on ways to tighten the security of the Internet's domain names through a set of security improvements called DNSSEC.

An "unintended consequence" of the Stop Online Piracy Act, or SOPA, would be to "undercut the real effort that would practically help us secure the Internet" through DNSSEC, Lungren said during a hearing this morning. &… Read more