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.
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...