T-Mobile US Inc. Chief Executive Officer John Legere has not only become a nuisance for his counterparts at Verizon Communications Inc. and AT&T Inc. -- he’s gotten paid more, too.
Legere collected $29.2 million last year, according to U.S. Securities Exchange Commission rules, topping AT&T CEO Randall Stephenson’s 2013 compensation of $23.2 million and Verizon CEO Lowell McAdam’s $15.8 million. The total for Legere, 55, included $22.5 million in stock awards and a $1.25 million salary, according to a filing yesterday.
Legere, known for wearing a magenta T-Mobile T-shirt, has roiled the mobile-phone industry by getting rid of contract plans and cutting prices, forcing his bigger rivals to follow suit. He’s poked plenty of fun at his competitors along the way, particularly Stephenson, who Legere targets on Twitter with the hashtag #randall.
Yesterday it was Verizon’s turn after the company, the largest U.S. wireless carrier, reported a net quarterly loss of phone customers for the first time.
“Wonder where all their postpaid customers are going?” Legere tweeted. Bellevue, Washington-based T-Mobile reports its own first-quarter results on May 1.
One U.S. mobile-phone CEO still got a bigger payday than Legere last year: Dan Hesse, whose Sprint Corp. was acquired last year by SoftBank Corp. Hesse’s $49.1 million in compensation included $27.8 million in stock awards.