John Legere got $137 million severance for completing T-Mobile/Sprint merger

John Legere got $137 million severance for completing T-Mobile/Sprint merger

3 years ago
Anonymous $4BDEsVAtYS

https://arstechnica.com/tech-policy/2021/04/john-legere-got-137-million-severance-for-completing-t-mobile-sprint-merger/

T-Mobile paid then-CEO John Legere $137.2 million in 2020, a year in which he worked three months and then left on the day he completed T-Mobile's purchase of Sprint.

Legere's 2020 compensation was revealed yesterday in a filing with the Securities and Exchange Commission (see pages 49 and 50). Legere was previously paid $27.8 million in the full year of 2019 and $66.5 million in 2018, mostly in the form of stock awards. His 2020 compensation of $137.2 million did not include any stock awards—instead, it consisted of a $136.55 million severance payment, $600,000 in salary, and $50,000 in reimbursement for legal fees.