Subject: [NEXTEL-1] Timmy Gets $1,500,000.00 Bonus

From: Marcel <[email-masked]>
Date: Mon, 31 Mar 2003 20:27:59 -0500

Nextel Commun CEO Donahue 2002
Bonus $1.5M Vs $695,625

DOW JONES NEWSWIRES

WASHINGTON -- Nextel Communications Inc. (NXTL) Chief
Executive and President Timothy Donahue received a bonus of $1.5
million in 2002, compared with $695,625 the year before, according to
a proxy filed Monday with the Securities and Exchange Commission.

According to the filing, Nextel awarded Donahue a bonus of $1.25
million for helping the company meet certain financial targets and
granted him an extra $250,000 bonus "in further recognition of his
leadership and Nextel's significant operating results in 2002."

Donahue's salary increased to $697,115 in 2002 from $511,308 the
year before.

In 2002, Donahue received a long-term incentive plan payout of
$675,000. He didn't receive anything under the plan in 2002.

Nextel , a digital wireless services provider, granted Donahue options
for 2 million shares in 2002. The options expire in 2002 and have
exercise prices ranging from $5.02 each to $5.32 each. The company
estimates the present value of the options at around $6.5 million.

Donahue received options for 1 million shares in 2001.

-Todd Goren; Dow Jones Newswires; 202-628-9782;
[email-masked]

Updated March 31, 2003 5:12 p.m.
http://online.wsj.com/article_email/0,,BT_CO_20030331_008886-search,00.html?collection=autowire%2F30day&vql_string=nextel%3Cin%3E%28article%2Dbody%29

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From The SEC Filing:

"The base salary of Timothy M. Donahue, our President and Chief Executive Officer, was
based upon his historical
compensation amounts as well as by reference to the report discussed above. Mr. Donahue’s
bonus compensation and
equity awards were based upon the achievement of most of the goals set forth above, as
well as in recognition of 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. In
addition to the formula
bonus of $1,250,000, the compensation committee determined to award Mr. Donahue a
supplemental bonus of $250,000
in further recognition of his leadership and Nextel’s significant operating results in
2002. In addition, Mr. Donahue
received $675,000 as his interim payout under the long term incentive plan."

http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=nxtl&script=800&layout=8