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Sprint CEO Hesse's compensation rises fourfold

[February 24, 2014]  (Reuters) — Sprint Corp <S.N> paid Chief Executive Daniel Hesse $49.1 million in 2013, a more than four-fold increase from 2012, largely due to a jump in stock and options.

Hesse's base salary remained unchanged at $1.20 million. His stock awards totaled $27.8 million, including the $1.9 million awarded in 2011 but vested in 2013, Sprint said in a filing with U.S. Securities and Exchange Commission on Monday. (http://r.reuters.com/dyf27v)

Hess's total package was $11.2 million in 2012.

Softbank Corp <9984.T>, a Japanese mobile network operator, took control of Sprint for $21.6 billion last July.

Softbank extended Hesse's contract as Sprint Corp's CEO until 2018.

(Reporting by Rohit T. K. in Bangalore; editing by Saumyadeb Chakrabarty)

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