Due to failure of the T-Mobile purchase, AT&T’s board cut...
Due to failure of the T-Mobile purchase, AT&T’s board cut CEO Randall Stephenson’s 2011 pay by $2 million, an SEC filing said. The reduction includes a 25 percent cut in Stephenson’s short-term award, the filing said. That left Stephenson’s 2011…
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total pay at $18.7 million. AT&T continued its emphasis on pay-for-performance, with 92 percent of the CEO’s compensation and, on average, 86 percent of other executives’ compensation tied to performance, including stock price, the filing said.