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.
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... Read Post
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
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