Bold CEO Unafraid to Cut Money From Everywhere But His Own Paycheck

Hamilton Nolan
Filed to: CORPORATE AMERICA 11/02/15 5:14pm

As CEO of Sprint, Marcelo Claure oversees more than 30,000 employees. He is not afraid to cut every spare dime of company spending (on them).

The Wall Street Journal reports on the hard choices that Claure is making in his quest to cut the company’s spending by $2.5 billion. The employee layoffs, employee health care cuts, and employee wage freeze are just the start:

Among the first things to go: free water bottles and yogurt.

Mr. Claure, who took over as CEO in August 2014, started buying snacks earlier this year for employees at the company’s Overland Park, Kan., headquarters. The program was on pace to cost the company about $600,000 a year.
Marcelo Claure, the highest-paid telecom CEO in America, earned $22 million this year. He came on last year to replace Dan Hesse, who left with a $40 million severance package.

If you employees don’t stop eating so many SNACKS how can this company ever save any money?

http://gawker.com/bold-ceo-unafraid-to-cut-money-from-everywhere-but-his-1740129573