Post Profile






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.
read more

share

Related Posts


PayNearMe launches a mobile cash payment system

Technology : Gigaom (3 years ago)

PayNearMe, a cash payment system that lets users pay for online purchases, bills and bus tickets at 7-Eleven stores, is now offering a fully mobile payment option. Users who don't have a card can complete their purchases without hav...

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

Business & Finance : Venture Beat (4 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 …

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...

Splitting AT&T CEO and chairman roles a no-brainer

News : Reuters Breakingviews Blog (3 years ago)

Randall Stephenson’s botched plan to buy T-Mobile USA came with a $4 bln tab. The board didn’t see fit to hold him accountable with his pay package. But shareholders can have their own say - and should vote to strip Stephenson of hi...

AT&T board lets CEO off hook for bad call

News : Reuters Breakingviews Blog (3 years ago)

Randall Stephenson’s total pay fell to $22 mln last year from $27 mln in 2010. That’s a light slap given the $4 bln break fee for the badly botched bid for T-Mobile USA. Investors can show their displeasure with directors for failin...

Comments



Copyright © 2015 Regator, LLC