Who Is John Legere?

John Legere is the executive in charge of the merger of telecom giants T-Mobile and Sprint. The US T-Mobile CEO has been an employee of the company since 2012 after years working at AT&T, Dell and Global Crossing. In the years including 2013 through 2018 he received compensation of over $182 million. If the planned merger of the carriers comes to pass he'll get another $111 million in cash and stock awards.

According to the Wall Street Journal:

T-Mobile said in a securities filing last year that its awards to executives reflected "the immense regulatory and advocacy work associated with a merger of this size and in this industry and related business planning activities."

If this is indeed the case, that over $300 million for the compensation of a single individual is necessary for a business to successfully complete a merger that must be approved by a federal regulatory agency, what does it say about the current US business environment?  Is the regulatory work so complex that it takes years to accomplish and executives with unique, singular talents and commensurate rewards to navigate it?



Legere has a show on Facebook Live called "Slow Cooker Sunday" where he demonstrates crock pot cookery. Think of him the next time you dig into a bowl of crock pot ham hocks and beans. Or have a phone conversation with Mom.




 

Bing.com