April 30, 2018 by Billionaire Addresses
April 30, 2018 – It was published today that Sprint CEO Marcelo Claure is set to get $78 million if a deal with T-Mobile goes through.
Sprint Corp. Chief Executive Officer Marcelo Claure is poised to collect about $78 million if shareholders and regulators approve T-Mobile US Inc.’s bid to buy the rival wireless carrier.
Claure, 47, has a long-term award of 10 million Sprint shares, worth $66.2 million at the offer price, according to data compiled by Bloomberg. The stock will fully vest if he’s terminated within 18 months of the deal’s completion, or if his responsibilities change materially. He’s also eligible for cash severance of about $11.6 million and $54,000 of other benefits.
If the deal does secure the blessings of the U.S. Justice Department and Federal Communications Commission, T-Mobile’s John Legere would become CEO of the combined company, while Claure would join the board, the firms said in a statement. In addition to his golden parachute, Claure owns 6.89 million Sprint shares worth about $45.6 million at the offer price.
Showing just how much money Sprint has showered him with, his waterfront mansion on North Bay Road in Miami Beach, which was formerly owned by Miami Heat legend Rony Seikaly, hit the rental market last year, asking $60,000 a month.
The furnished Mediterranean-style home on North Bay Road in Miami Beach has nine bedrooms, nine baths and two half-baths, spanning nearly 9,400 square feet. It sits on a 26,561-square-foot lot and was built in 2005.
#Claure also bought a 10,000 sq ft townhouse in the West Village of New York, which was sold last year by a Goldman Sachs partner, the New York Post reported. Claure paid $27.4 million for the townhouse, less than two years after the banker picked up the property for $20.89 million, property records show.
We thank Zillow for the images. (Aerial Images Not Included)