Subject: [NEXTEL-1] Nextel paid Timmy $26.3 mln in 2003 - filing

From: [email-masked]
Date: Wed, 07 Apr 2004 15:29:50 -0400

Nextel paid Timmy $26.3 mln in 2003 - filing
Reuters, 04.07.04, 1:13 AM ET

NEW YORK, April 7 (Reuters) - Nextel Communications (nasdaq: NXTL - news
- people) paid its Chief Executive Officer and President Timothy Donahue
$26.3 million in 2003, or around nine times his 2002 compensation,
according to a public filing made on Tuesday.

Donahue, whose company is a longtime leader in push-to-talk walkie
talkie services, was paid $17.9 million in restricted stock, with the
rest paid in salary, bonus and a long-term incentive package, Nextel
said in the filing to the U.S. Securities and Exchange Commission said.

He did not receive restricted stock in 2002.
The filing said Donahue's pay reflected
in part "his leadership, contributions
and attraction and retention of key
executive talent, taking into
consideration Nextel's
accomplishments in the highly
competitive telecommunications and technology industries".

http://www.forbes.com/technology/newswire/2004/04/07/rtr1325498.html

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