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.
eBay announced today that it has purchased Zong, a company that lets you easily pay for purchases with your mobile phone number, for $240 million in cash. The acquisition is clearly meant to make PayPal (which eBay owns) an even … Read Post
Ad agency holding company Omnicom had a ho-hum 2011—revenue and net income were up and the stock barely moved—but that wasn't reflected in CEO John Wren's compensation. He got a 43 percent pay raise, to $15.4 million, according to a... Read Post
If Bloomberg's reporting is accurate--and Google isn't denying it--Google will have to pay mobile ad startup AdMob $700 million in cash if the FTC rejects the deal. That's a mind-boggling number, considering that the purchase price ... Read Post