AT&T Slices $2M from CEO Pay Due to T-Mobile Whiff
AT&T has cut CEO Randall Stephenson's payment package by a total of $2.08 million in the wake of the company's failed bid to purchase T-Mobile USA. AT&T's board cut both his cash bonus for 2011 as well as reduced his stock. Stephenson still earned $18.7 million for the year. AT&T was forced to eat $4.2 billion charge for the year on the failed take-over bid due to a break-up fee (mixture of spectrum assets and cash) to which it had agreed. The government blocked the acquisition, citing potential harm to American consumers.
OnePlus 5T and Honor 7X Now Available In Red
OnePlus and Honor today made red versions of their most recent devices available to U.S. consumers.
Blu Life One X3 Adopts Metal-and-Glass Design and Packs 5,000mAh Battery
Blu Products today announced the Life One X3, a mid-range handset from the unlocked phone maker. The One X3 has a curved-edge glass screen and an aluminum frame painted in matte black.
AT&T Says First 5G Device Will Be a Puck
When AT&T launches 5G service, the first device able to access it will not be a handset and will instead be a puck, according to comments made by AT&T CEO Randall Stephenson. "Getting the handsets at scale penetrated into the market will slow things down," noted Stephenson.
Twitter to Cut 8% of Workforce In Bid to Save Cash
Twitter today revealed plans to cut 336 workers, or about 8% of its employees. The cuts come just a week after co-founder Jack Dorsey was re-named CEO.
Sprint Falls to Become No. 4 US Carrier
Sprint reported its second quarter earnings today and the numbers reveal it has fallen behind competitor T-Mobile in the total number of customers. T-Mobile, which gained a total of 2 million new customers during the second quarter, reported a total customer base on 58.9 million.
1,500 years or so.
And 2 Mil? Thats alot of money, but when he still makes 18 Mil a year, that is nothing. H...