UPDATE 1-Sprint CEO to take pay cut as iPhone costs pinch

May 4 (Reuters) - Sprint Nextel chief Daniel Hesse
said he would take a cut in pay this year, after coming under
fire from some shareholders disappointed with the hit the
company's results took from subsidizing Apple's popular
iPhones.

Source: http://feeds.reuters.com/~r/reuters/companyNews/~3/QNc_dSl1lsY/sprintnextel-brief-idUSL4E8G46OI20120504

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