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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.
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How Omnicom's CEO Gets Bonuses For Failing, Dying And Vacationing On The Corporate Jet (OMC)

Business & Finance : Business Insider: Clusterstock (3 years ago)

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

eBay buys Zong for $240M to bolster PayPal’s mobile payments

Business & Finance : Venture Beat (3 years ago)

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

eBay Buys Mobile Payments Company Zong for $250M in Cash

Technology : Inc. Technology (3 years ago)

E-commerce giant eBay has purchased mobile payments start-up Zong for a price tag of $240 million in cash. The company will use Zong’s pioneering mobile transactions technology to boost endeavors at Paypal, which is entering the fas... Read Post


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