https://money.cnn.com/gallery/technology/2013/06/18/top-paid-tech-ceos/5.html
“At this year’s meeting, we will discuss our strategy to become a modern media company and deliver on our mission to inspire human progress through the power of communication and entertainment,” Stephenson wrote in a letter to investors included in the SEC filing. Last year, Stephenson earned $29.1 million, an increase from his year earlier salary of $28.7 million.
In financial filings released this week, Stephenson and other AT&T executives were revealed to have taken bonuses last year thanks to the corporation’s merger with Time Warner, a plan opposed by President Trump’s administration. Stephenson also received $648.8K in bonus, $7M of change in pension value and nonqualified deferred compensation earnings, $3.9M in non-equity incentive plan, $790.9K in option awards, $1.2M in salary and $225.9K in other compensation. He led the integration planning team for the AT&T takeover of Time Warner, which closed last June.Stankey previously has served in multiple senior roles at AT&T, including CEO of AT&T Mobility and Entertainment, after leading the company’s acquisition of DirecTV in 2015 when he was chief strategy officer.
Similarly, WarnerMedia CEO John Stankey earned a $16.55 million salary last year — a hefty bonus from his 2017 salary, which totaled more than $10 million.Much of the layoffs at AT&T have been the result of the conglomerate’s outsourcing and offshoring of American jobs to foreign workers and foreign countries.Over the last three years, AT&T has sought to outsource more than 800 American jobs to H-1B foreign visa workers and has closed 44 call centers across the country in the last seven years, leaving 16,000 American workers out of work.AT&T enjoyed a $20 billion tax windfall from the 2017 tax cut. Randall L Stephenson is happily married to Lenise Stephenson.
One of their daughter's names is Abby.
In 2007, Randall Stephenson's compensation ranked 67th out of 8,700 executives tracked by ExecPay. AT&T promised thousands of new jobs and higher wages for workers before the tax bill passed, but instead workers’ lives are being upended by AT&T’s shameful corporate greed.The enormous salaries, thanks in part to the merger, come as AT&T has laid off nearly 12,000 American workers since the 2017 tax cut was enacted, according to the Communications Workers of America (CWA) union.Last year, Stephenson earned $29.1 million, an increase from his year earlier salary of $28.7 million. Meanwhile, AT&T chairman, president and CEO Randall Stephenson pulled in a pay package worth $29.1 million in 2018, up 1.4%. AT&T CEO Randall Stephenson raked in a more than $29 million salary last year, while nearly 12,000 American workers at the telecom multinational corporation have been laid off since the 2017 tax cut.CWA union President Chris Shelton said in a statement:Randall Stephenson should be required to explain to his employees how after pocketing $29 million and benefiting significantly from the tax cut he lobbied for, he can turn around and slash jobs and cause stress and turmoil for hard-working people across America.
As Chairman and CEO at AT&T INC., R. Stephenson made $28,443,729 in total compensation. In addition, the Committee determined that Mr. Stankey’s unique skills and experience are critical to executing the Company’s post-close strategic plan.”Stankey received a base salary increase from $995,000 in 2017 to $1.1 million effective March 1, 2018 — and that was boosted to $2.9 million effective June 16, 2018, “to reflect the increased scope and complexity of his new role as CEO of WarnerMedia,” according to AT&T. Stephenson’s base salary for 2018 was unchanged, at $1.8 million.AT&T has set its 2019 annual meeting of stockholders for Friday, April 26, starting at 9 a.m., at the Moody Performance Hall in Dallas. Randal L Stephenson with his wife Lenise Stephenson (Photo:- www4pictures.zimbio.com) Together, they are blessed with two daughters. General counsel David McAtee saw his comp more than double, to $12.85 million, in 2018.Stankey, a 33-year veteran of the telco, oversees AT&T’s media business which includes HBO, Turner, Warner Bros., and Otter Media. They had known each other since Randall was 15. Of this total $1,800,000 was received as a salary, $5,280,000 was received as a bonus, $0 was received in stock options, $19,800,007 was awarded as stock and $1,563,722 came from other types of compensation.
A Variety and iHeartRadio PodcastIn the filing Monday, the AT&T board’s compensation committee said it hiked Stankey’s compensation “to reflect his new responsibility for all of AT&T’s content-related assets, including each of Time Warner’s businesses. “Most important, we’ll discuss our plans to grow free cash flow and pay down our debt – all while continuing to invest in growth and maintain a solid, steady dividend for you, our owners.”For 2018, Stankey’s compensation package included $2.06 million in salary; a $2 million bonus; stock awards valued at $6.89 million plus $4.37 million under AT&T’s non-equity incentive plan; $574,835 for change in pension value and non-qualified deferred compensation earnings; and $655,696 in other compensation (which included company-paid life insurance premiums, matching contributions to deferral plans, and state and local income tax reimbursements made in connection with Stankey’s business travel).Among other senior AT&T execs, CFO John Stephens saw his total compensation rise to $15.6 million (up 13%) while AT&T Communications CEO John Donovan’s pay package declined 4%, to $14.6 million.