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  1. #1
    Robert M.
    Guest
    With Sprint PCS losing so much money that its stock is being folded back
    into the stock of its Parent Sprint, and with the wireline people losing
    market share, Forsee (the CEO) gets rewarded withan almost $13 million
    bonus.

    His annual salarey is $813,410.

    Any Sprint employees reading this get a bonus of 15 times a years salary
    for 2003?


    http://www.marketwatch.com/news/yhoo...hoo&siteid=yho
    o&dist=yhoo&guid=%7B8E06D9E0%2DC0DD%2D47D9%2D859E%2D614EEB149EA0%7D



    See More: Another Corporate Disgrace




  2. #2
    Bob Smith
    Guest

    Re: Another Corporate Disgrace


    "Robert M." <[email protected]> wrote in message
    news:[email protected]
    > With Sprint PCS losing so much money that its stock is being folded back
    > into the stock of its Parent Sprint, and with the wireline people losing
    > market share, Forsee (the CEO) gets rewarded withan almost $13 million
    > bonus.
    >
    > His annual salarey is $813,410.
    >
    > Any Sprint employees reading this get a bonus of 15 times a years salary
    > for 2003?
    >
    >
    > http://www.marketwatch.com/news/yhoo...hoo&siteid=yho
    > o&dist=yhoo&guid=%7B8E06D9E0%2DC0DD%2D47D9%2D859E%2D614EEB149EA0%7D


    They've only been at for 7 years now. Same ole story where Phillipe forgets
    that SPCS is still building out their system. What's more, they aren't
    "losing so much money".

    SPCS is projected to start making positive revenue by 1st quarter 2005. As
    for folding the stock in place, they've said on numerous times while they
    are doing it ... As to losing wireline share, they have never had much
    wireline business. Their main forte outside of wireless is LD and high speed
    data ...

    Bob





  3. #3
    TCS
    Guest

    Re: Another Corporate Disgrace

    On Tue, 16 Mar 2004 21:28:32 GMT, Bob Smith <[email protected]> wrote:

    >"Robert M." <[email protected]> wrote in message
    >news:[email protected]
    >> With Sprint PCS losing so much money that its stock is being folded back
    >> into the stock of its Parent Sprint, and with the wireline people losing
    >> market share, Forsee (the CEO) gets rewarded withan almost $13 million
    >> bonus.
    >>
    >> His annual salarey is $813,410.
    >>
    >> Any Sprint employees reading this get a bonus of 15 times a years salary
    >> for 2003?
    >>
    >>
    >> http://www.marketwatch.com/news/yhoo...hoo&siteid=yho
    >> o&dist=yhoo&guid=%7B8E06D9E0%2DC0DD%2D47D9%2D859E%2D614EEB149EA0%7D


    >They've only been at for 7 years now. Same ole story where Phillipe forgets
    >that SPCS is still building out their system. What's more, they aren't
    >"losing so much money".


    Hey, that's only $7000/hr. I don't know how anybody can live on anything
    less. Most CEOs get over $15,000/hr.




  4. #4
    Robert M.
    Guest

    Re: Another Corporate Disgrace



    > On Tue, 16 Mar 2004 21:28:32 GMT, Bob Smith <[email protected]>
    > wrote:
    >
    >> What's more, they aren't
    >> "losing so much money".


    A billion here, a billion there and soon you're talking real money.



  5. #5
    The Supreme Enchanter
    Guest

    Re: Another Corporate Disgrace

    That's nothing to what Steve Jobs made last year from apple or even what
    Michael Eisner made send he joined Disney (over $1 billion).


    "Robert M." <[email protected]> wrote in message
    news:[email protected]
    > With Sprint PCS losing so much money that its stock is being folded back
    > into the stock of its Parent Sprint, and with the wireline people losing
    > market share, Forsee (the CEO) gets rewarded withan almost $13 million
    > bonus.
    >
    > His annual salarey is $813,410.
    >
    > Any Sprint employees reading this get a bonus of 15 times a years salary
    > for 2003?
    >
    >
    > http://www.marketwatch.com/news/yhoo...hoo&siteid=yho
    > o&dist=yhoo&guid=%7B8E06D9E0%2DC0DD%2D47D9%2D859E%2D614EEB149EA0%7D






  6. #6
    Robert M.
    Guest

    Re: Another Corporate Disgrace

    In article <[email protected]>,
    "The Supreme Enchanter" <[email protected]> wrote:

    > That's nothing to what Steve Jobs made last year from apple or even what
    > Michael Eisner made send he joined Disney (over $1 billion).


    AHEM. Steve Jobs got $1 salary last year (2003) and zero bonus.

    http://biz.yahoo.com/djus/040311/1427000987_2.html



  7. #7
    The Supreme Enchanter
    Guest

    Re: Another Corporate Disgrace

    The orlando Sentinal Had him as the top paid exec at several hundred million
    last year (this was last week). I don't have the link and really don't care
    about loking it up. It may be on their web site.


    "Robert M." <[email protected]> wrote in message
    news:[email protected]
    > In article <[email protected]>,
    > "The Supreme Enchanter" <[email protected]> wrote:
    >
    > > That's nothing to what Steve Jobs made last year from apple or even what
    > > Michael Eisner made send he joined Disney (over $1 billion).

    >
    > AHEM. Steve Jobs got $1 salary last year (2003) and zero bonus.
    >
    > http://biz.yahoo.com/djus/040311/1427000987_2.html






  8. #8
    Scott Stephenson
    Guest

    Re: Another Corporate Disgrace


    "The Supreme Enchanter" <[email protected]> wrote in message
    news:[email protected]
    > The orlando Sentinal Had him as the top paid exec at several hundred

    million
    > last year (this was last week). I don't have the link and really don't

    care
    > about loking it up. It may be on their web site.
    >
    >
    > "Robert M." <[email protected]> wrote in message
    > news:[email protected]
    > > In article <[email protected]>,
    > > "The Supreme Enchanter" <[email protected]> wrote:
    > >
    > > > That's nothing to what Steve Jobs made last year from apple or even

    what
    > > > Michael Eisner made send he joined Disney (over $1 billion).

    > >
    > > AHEM. Steve Jobs got $1 salary last year (2003) and zero bonus.
    > >
    > > http://biz.yahoo.com/djus/040311/1427000987_2.html

    >
    >


    Phil's right on this one- $1 salary for Jobs last year.





  9. #9
    Joe B
    Guest

    Re: Another Corporate Disgrace

    Well, IMO, it is a disgrace that execs get paid that much money
    when the corporations are laying off people and making them work
    in cramped quarters, cutting back on benefits, etc. What sane
    person couldn't live very well on a mere $1 million/yr? With that
    $15 million bonus you could keep 200 or more people on the payroll
    earning ~$50,000 each (counting in the cost of benefits, cost of
    real estate, etc) and give your customers better products and
    services.

    The main thing that keeps capitalism sane is a balance of power
    between capital and labor, a give-and-take, to find a happy
    medium. Excluding the public sector (government employees) fewer
    than 5% of American workers now belong to a labor union. This does
    not bode well for the American worker (or worker in any capitalist
    society where the balance-of-power is skewed radically towards
    capital).

    People in the US are like the proverbial frog sitting in water
    that gets hotter very gradually. Frog doesn't know it's being
    boiled alive because it happens so gradually.

    In article <rmarkoff-
    [email protected]>, [email protected]
    writes...
    >With Sprint PCS losing so much money that its stock is being folded back
    >into the stock of its Parent Sprint, and with the wireline people losing
    >market share, Forsee (the CEO) gets rewarded withan almost $13 million
    >bonus.
    >
    >His annual salarey is $813,410.
    >
    >Any Sprint employees reading this get a bonus of 15 times a years salary
    >for 2003?
    >
    >
    >http://www.marketwatch.com/news/yhoo...hoo&siteid=yho
    >o&dist=yhoo&guid=%7B8E06D9E0%2DC0DD%2D47D9%2D859E%2D614EEB149EA0%7D
    >




  10. #10
    Isaiah Beard
    Guest

    Re: Another Corporate Disgrace

    Bob Smith wrote:


    > SPCS is projected to start making positive revenue by 1st quarter 2005. As
    > for folding the stock in place, they've said on numerous times while they
    > are doing it ... As to losing wireline share, they have never had much
    > wireline business.


    Not only that, but while Phillippe makes it seem that Sprint is bumbling
    in the wireline sector, the truth us that nearly ALL ILECs are losing
    market share. The heyday was in the miid-90s when people were buying
    multiple phone lines for dial-up service, faxes and as additional voice
    capacity. Now, broadband data and wireless have reduced that need, so
    all wireline companies are seeing reductions in the number of lines in
    service.

    But where's all that market share going? Well, wireless and data...
    where Sprint also has a good footing.

    --
    E-mail fudged to thwart spammers.
    Transpose the c's and a's in my e-mail address to reply.




  11. #11
    Robert M.
    Guest

    Re: Another Corporate Disgrace

    In article <[email protected]>,
    Isaiah Beard <[email protected]> wrote:

    > Not only that, but while Michael makes it seem that Sprint is bumbling
    > in the wireline sector, the truth us that nearly ALL ILECs are losing
    > market share.


    So if another ILEC is losing market share, that makes Sprint good?



  12. #12
    Eric
    Guest

    Re: Another Corporate Disgrace


    Re: Another Corporate Disgrace

    Group: alt.cellular.sprintpcs Date: Wed, Mar 17, 2004, 8:14pm (EST+5)
    From: [email protected] (Robert=A0M.)
    In article <[email protected]>,
    (original post)

    =A0=A0Isaiah Beard wrote:
    Not only that, but while Phillipe makes it seem that Sprint is bumbling
    in the wireline sector, the truth us that nearly ALL ILECs are losing
    market share.

    (Phillipe's Quoted Post)
    =A0=A0Isaiah Beard wrote:
    Not only that, but while Michael makes it seem that Sprint is bumbling
    in the wireline sector, the truth us that nearly ALL ILECs are losing
    market share.

    Why did you change the name when you quoted Isaiah?




  13. #13
    Steven J Sobol
    Guest

    Re: Another Corporate Disgrace

    Robert M. <[email protected]> wrote:
    > In article <[email protected]>,
    > Isaiah Beard <[email protected]> wrote:
    >
    >> Not only that, but while Michael makes it seem that Sprint is bumbling
    >> in the wireline sector, the truth us that nearly ALL ILECs are losing
    >> market share.

    >
    > So if another ILEC is losing market share, that makes Sprint good?


    No, it just makes the wireline results rather meaningless. Everyone is
    giving away the farm. Here in Southern Cali, both SBC and Verizon are offering
    their respective unlimited local/long-distance plans, in some markets even
    for business customers who normally spend a lot more. Sprint, ATT and MCI all
    have similar offerings. No one is making money on POTS anymore.

    Calling Sprint wireline "good" is a stretch. Having had to deal with ILECs on a
    regular basis for years, I can say that they all suck in equal amounts.

    Even some of the wireline CLECs that used to be very customer-responsive (XO
    in particular; I don't even want to go into detail about my problems with
    them) now suck horribly.

    --
    JustThe.net Internet & New Media Services, Apple Valley, CA PGP: 0xE3AE35ED
    Steven J. Sobol, Geek In Charge / 888.480.4NET (4638) / [email protected]
    Domain Names, $9.95/yr, 24x7 service: http://DomainNames.JustThe.net/
    "someone once called me a sofa, but i didn't feel compelled to rush out and buy
    slip covers." -adam brower * Hiroshima '45, Chernobyl '86, Windows 98/2000/2003



  14. #14
    Antonio
    Guest

    Re: Another Corporate Disgrace

    Very True! I have Sprint :LTD, Sprint LDD, Sprint PCS and Sprint
    Fastconnect DSL. For those that don't know! LTD is the landline service,
    LDD is the long distance division the rest I am sure everyone can figure it
    out. Sprint profits are larger and larger every year. As one division goes
    up or down so does another one and it all balances out.
    "Isaiah Beard" <[email protected]> wrote in message
    news:[email protected]
    > Bob Smith wrote:
    >
    >
    > > SPCS is projected to start making positive revenue by 1st quarter 2005.

    As
    > > for folding the stock in place, they've said on numerous times while

    they
    > > are doing it ... As to losing wireline share, they have never had much
    > > wireline business.

    >
    > Not only that, but while Phillippe makes it seem that Sprint is bumbling
    > in the wireline sector, the truth us that nearly ALL ILECs are losing
    > market share. The heyday was in the miid-90s when people were buying
    > multiple phone lines for dial-up service, faxes and as additional voice
    > capacity. Now, broadband data and wireless have reduced that need, so
    > all wireline companies are seeing reductions in the number of lines in
    > service.
    >
    > But where's all that market share going? Well, wireless and data...
    > where Sprint also has a good footing.
    >
    > --
    > E-mail fudged to thwart spammers.
    > Transpose the c's and a's in my e-mail address to reply.
    >






  15. #15
    Robert M.
    Guest

    Re: Another Corporate Disgrace

    In article <[email protected]>,
    "Antonio" <[email protected]> wrote:

    > Very True! I have Sprint :LTD, Sprint LDD, Sprint PCS and Sprint
    > Fastconnect DSL. For those that don't know! LTD is the landline service,
    > LDD is the long distance division the rest I am sure everyone can figure it
    > out. Sprint profits are larger and larger every year. As one division goes
    > up or down so does another one and it all balances out.



    Not quite. PCS has been consistantly down .



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