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Published: 2/22/2012
AT&T board cuts pay of CEO by $2.08M
NEW YORK -- AT&T Inc.’s board cut Chief Executive Officer Randall Stephenson’s 2011 pay by $2.08 million because he engineered the failed deal to buy T-Mobile USA, according to a regulatory filing Tuesday.
Opposition from federal antitrust regulators forced the Dallas-based phone company to give up on the $39 billion deal in December.
After the cuts, Mr. Stephenson was paid $18.7 million in 2011.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.
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