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AT&T Slices $2M from CEO Pay Due to T-Mobile Whiff

Feb 21, 2012, 6:59 PM by Eric M. Zeman

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.

AP »

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Versed

Feb 21, 2012, 9:26 PM

1,500 years or so.

At this rate, he would be able to pay it off in 1,500 years or so.

Tofuchong

Its not his fault the merger failed, it's the fault of the american people for wanting a fair and level playing field as far as cellular service is concerned.

And 2 Mil? Thats alot of money, but when he still makes 18 Mil a year, that is nothing. H...
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